Take Our Santa Fe Real Estate Quiz

Take Our Santa Fe Real Estate Quiz

Untitled-2Are you ready for a five question Santa Fe real estate quiz? This will test some of your real estate knowledge on some answers that may seem unlikely. Hmmm… Maybe I should have waited until after the quiz to tell you that.

Also See: What Does a Real Estate Agent Do?

The following quiz questions were inspired by some recent National Association of REALTORS┬« informational articles. If you get all five right, I’ll be very impressed. Be sure to leave in the Comments how many you got correct.

Alright class, time starts…. NOW!
Which of the following features is likely to slow the sale of your house?
A) Having a swimming pool.
B) Having a large backyard.
C) Having a small backyard.
D) All of the above.
E) None of the above.

Which of following is likely to help speed up the sale of your house?
A) Having more than one story.
B) Superlative renovations.
C) Having a small backyard.
D) Having a big backyard.
E) Having Harry Potter cast a “speed spell.”
F) None of the above.

Which one of the following is most likely to be a good investment for a new Santa Fe homeowner?
A) Getting an extended appliance warranty.
B) Hiring a gardener.
C) Shopping for insurance.
D) Buying leaf-free rain gutters to keep leaves from clogging the gutter.
E) None of the above.

Which of the following trends did many real estate experts predict for 2017?
A) Home prices will remain stable.
B) Home sales will decline.
C) Average days on market will increase.
D) The majority of Americans will add a Pizza Bar to their homes.
E) None of the above.
F) All of the above

Which of the following is recommended for those buying a house for the first time?
A) Having less closet space than you think you need.
B) Having more closet space than you think you need.
C) Having a dining room.
D) Not having dining room.
E) Having a Koi pond.
F) None of the above.
G) A & D
H) B & C

Have you written down your guesses? Ok, time to grade. Scroll down for the answers:

 
 

 
 

Answers Below (scroll up if you haven’t taken the quiz yet):

1. Which of the following features is likely to slow the sale of your house?
A) Having a swimming pool.
B) Having a large backyard.
C) Having a small backyard.
D) All of the above.
E) None of the above.

Studies show that having a small backyards can slow the sale of your house, as can having a swimming pools or a very large backyards, due to maintenance concerns.

2. Which of following is likely to help speed up the sale of your house?
A) Having more than one story.
B) Superlative renovations.
C) Having a small backyard.
D) Having a big backyard.
E) Having Harry Potter cast a “speed spell.”
F) None of the above.

While some people appreciate stairs for exercise there are more that don’t like the “hassle” of having to climb stairs. There is rarely a return on investment for ambitious renovations. And Harry Potter doesn’t have a “speed spell” for selling your house quicker.

3. Which one of the following is most likely to be a good investment for a new Santa Fe homeowner?
A) Getting an extended appliance warranty.
B) Hiring a gardener.
C) Shopping for insurance.
D) Buying leaf-free rain gutters to keep leaves from clogging the gutter.
E) None of the above.

Shopping around for the best insurance offer is virtually always a good decision. In general, appliance warranties generally don’t return their cost. It’s cheaper to do your own yardwork, although many people do find gardeners are worth their weight in gold. And leaf-free rain gutters? Please tell me you didn’t select that one. This is Santa Fe! How often does it rain here?

4. Which of the following trends did many real estate experts predict for 2017?
A) Home prices will remain stable.
B) Home sales will decline.
C) Average days on market will increase.
D) The majority of Americans will add a Pizza Bar to their homes.
E) None of the above.
F) All of the above.

To the contrary, home prices are expected to rise, more homes are expected to sell, and the pace of home sales is predicted to speed up.

And finally…

5. Which of the following is recommended for those buying a house for the first time?
A) Having less closet space than you think you need.
B) Having more closet space than you think you need.
C) Having a dining room.
D) Not having dining room.
E) Having a Koi pond.
F) None of the above.
G) A & D
H) B & C

The two most common first time home buyer regrets are paying for too much closet space and paying for seldom-used dining rooms.

So, how did you do? Let us know in the comments below or on our Facebook page.