Torrance, Gardena and Redondo Beach real estate and homes for sale in California - Larry, Wanda, Al Agena & Chris Vlahos - REALTOR® REALTOR® Logo - NUMBER1EXPERT® NUMBER1EXPERT™ Logo


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Real Estate Trivia

Welcome > Resources > Trivia ...

Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?

A  Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods.

Q 

What unique type of home is making news as an affordable, environmentally-friendly housing alternative?

A  Straw bale homes may well become the non-toxic, affordable home of choice in the future.

Q 

What does the abbreviation PITI stand for?

A  Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.

Q 

Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?

A  Lender in these states must pay interest on funds held in escrow accounts.

Q 

What U.S. state is home to the world's richest woman?

A  Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas.

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Real Estate Tips

Insurance >Hazard Insurance

Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!

Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.

It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.

As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.

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Real Estate Trivia

Q 
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?

A 
Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age.
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Larry, Wanda, Al Agena & Chris Vlahos, REALTOR®, real estate agent and broker for Torrance, Gardena and Redondo Beach, California home listings, property and land for sale - NUMBER1EXPERT

Larry, Wanda, Al Agena & Chris Vlahos
Keller Williams

23670 Hawthorne Blvd. Suite #100
Torrance, CA 90505
Phone: 310-370-4010
Fax: 310-375-6860
Email: TheATeamRealtors@yahoo.com

Number1Experts™ Larry and Wanda were awarded the winning husband and wife team in the Southbay area of Los Angeles. They have a history of helping their sellers and buyers achieve their goals. They offer you skill, service, and the support you need to make your real estate transactions a success!

Larry was licensed in 1974 and Wanda in 1994. Together they bring a great deal of experience, and they know how to work hard to get what you want. Their philosophy is "Our Clients Are The #1 Priority". Their highest business reward is when someone refers another client to them due to the professional job they did in helping them reach their goals. Larry and Wanda want to "Thank You...Mahalo" for giving them all your referrals and the opportunity to work with you in your next real estate transaction.

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