5 Question Real Estate Quiz For Greater Seattle Homeowners

Dated: 01/23/2017

Views: 114

Image title

One reason why Greater Seattle real estate commentators like to offer quizzes is to make readers feel good about how much they know. Being that Greater Seattle homeowners probably do more than an average amount of reading about Greater Seattle real estate matters, you would expect that any real estate-themed quiz would succeed in creating that kind of warm, positive experience.

This is not that kind of quiz.

I put it together because it’s a quick way to present some of the more unlikely survey results. They are culled from recent National Association of Realtors® informational articles. The quiz may not foster warm feelings of knowledgeability, but to compensate, it’s shorter than most of those web quizzes (who has time to answer 25 questions?).

Ready? Set! GO!   

1)   Which of the following features is likely to slow a home’s sale:

A) Swimming Pool  B) Big backyard C) Small backyard D) All the above

E) None of the above

2)   Which of these is likely to help a home sell more quickly:

A) More than one story B) Superlative renovations  C) Small backyard

D) Big backyard  E) None of the above

3)   Which of these is likely to be worthwhile for a new Seattle homeowner?

A) Extended appliance warranty  B) Gardener   C) Shopping for insurance

D) Improving the yard  E) None of the above

4)   Which of these trends are widely predicted for 2017?

A) home prices will remain stable B) home sales will decline C) average days on market will increase D) the Midwest will lead in home sales E) none of the above F) all of the above

5)   Which of these is recommended for first time home buyers?

A) Less closet space than you think you need B) More closet space than you think you need C) Dining room D) No dining room E) Add a koi pond E) None of the above

Answers: 1) D. Studies show small backyards can retard sales, as can swimming pools and overly large backyards, due to maintenance concerns.   2) E. More people don’t like the hassle of stair-climbing than appreciate the exercise; big, ambitious renovations seldom return the investment; big or small backyards: same as above.    3) C) Shopping around for the best insurance offer is always wise; but appliance warranties generally don’t return their cost; paying a gardener vs. doing yard work yourself is often a financial loser (I disagree with the NAR on this one—for many busy Seattle homeowners, pro gardeners are worth their weight in gold); big yard improvements should wait until you’ve experienced all four seasons   4) this was the easiest to guess: A) expect home prices to rise B) expect 1.9% more homes to be sold C) the pace of sales is expected to quicken D) West Coast should lead in home sales   5) A and D. The most common first-timers’ regrets are paying for too much spare closet space and seldom-used formal dining rooms.

Blog author image

Ron Harmon | Designated Broker

As a dedicated real estate broker I have helped over 500 families purchase or sell their home and I am qualified to guide you through buying or selling a home. Buying or selling a home is one of t....

Latest Blog Posts

7 Factors To Consider When Choosing A Home To Retire In

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available

Read More

Housing Market Expected To Spring Forward This Year

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory 

Read More

Mortgage Rates On FIRE Home Prices Up In Smoke

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.What impact will rising rates

Read More

2 Ways To Get The Most Money From The Sale Of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?Here are two keys to

Read More