If you stick in real estate long enough, you’ll come across your fair share of the strange and bizarre real estate facts you can imagine.
We have gathered some fun facts about real estate, as well as the most interesting real estate facts based on true events around the world.
I will sell it, no matter what
A frustrated dad sells £ 2 raffle tickets to his lavish six-bedroom mansion after he can’t find a bidder.
Dunstan Low tries to sell 500 thousand tickets to increase the same price for the six-bed mansion in Lancashire valued at £845,000 . A very catchy real estate reality for investors, if they’re trying to win the home.
Sell it at 3, 2, 1…
The most expensive property in the United States, a $157-acre parcel of land in Beverly Hills, reportedly sold at a foreclosure auction for just a fraction of the amount ($100,000). The position had accrued more than $200,000 in debt, and the initial buyer had paid for the acquisition.
This is one example of commercial real estate facts, that speak about inflating assumptions of what a position is worth.
The Asteroid town
A Bavarian town called Nördlingen was originally constructed over 15 million-year – old meteors. A meteor struck the city over a thousand years ago, but far from being forced to flee, the inhabitants decided to develop a town on the resulting crater. To this day, you can still see the circular shape of the city. This is a real estate photography fact that speaks for itself.
Everything on behalf of your own house
Canadian blogger, Kyle Macdonald, traded a paperclip for a house. The guy from Montreal set out to barter one red paperclip for something and that thing for something else,over and over again until he had a house. Yeah, real estate fun facts also exist.
Invest in France or in Australia?
Ten French castles are cheaper and better than the Sydney ones. Two-bedroom apartments in Australia are more expensive than castles for sale in France.
A dream too expensive to be true
This is one of the real estate evidence that reveals that not anything that is being sold on TV reality shows is valid. The designers of the Extreme Makeover, Home edition had to cut their make-up due to families not being able to pay utility bills.
Extreme Makeover: Home Edition emerged during the reality TV era of the early 2000s. With a viewership of 16 million per episode, the inspiring home improvement show starred host Ty Pennington leading the crew on substantial home repairs for a variety of struggling families before the series concluded in 2012 after a nine-season run.
Now is the moment of HGTV’s Home Edition Revival, which has sought to guarantee that more homes are updated to their original properties, not to build massive mansions that can not be paid for later.
A building named after you for buying a book
John Wainwright was the first customer of Amazon and the company honored him by naming a building after him.
Chinese scare ghosts
Chinese temples have a special belief. These tradicional houses were built with curved roofs to fend off evil spirits, who are believed to travel only in straight lines.
Jack Mate door
There’s an American company that specializes in building secret rooms and hidden passageways. They have built one that requires a chess board to be played in a certain combination, so the door can be unlocked.
Source: Hidden Door Store & Creative Home Engineering
Nice views and profits
Who would have thought that the Empire State building profit doesn’t come from the renting of office space, but from the ticket sales money for visiting it and enjoying its outstanding view.
Did you know real estate facts like the ones we mentioned above were real? Now you are familiarized with them. Do you know any other worth sharing?
These real estate facts are a significant source for understanding this multi-faceted and profitable market. Take the time to consider every part of real estate and start searching for investment opportunities until you believe you have a good understanding of all the variables.
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