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14 Fun Facts About Real Estate You Probably Didn’t Know

Real estate is a cutthroat industry, as they say. It takes a lot of hard work, persistence, and patience to make it in this business. It’s not easy to sell affordable house and land packages at any time. It wasn’t easy then, it’s still not easy now.

This is why a lot of people who engage in this industry take it very seriously. It involves a lot of money and as long as thousands and even millions of dollars are involved, people will take it seriously.

But let’s take a break from all the seriousness and talk about some lighter things involved in real estate.

  • Real estate agents run on coffee.

Cars run on fuel, real estate agents run on coffee. There’s nothing more self-explanatory than this.

  • The most expensive listing in America was sold at a foreclosure auction.

A 157-acre land in Beverly Hills was once listed at a whopping $1 billion making it the most expensive property ever to be listed in the United States. However, it was sold off for only $100,000, a mere fraction of its listed price, at a foreclosure auction.

  • Agents “steal” furniture for open houses.

One of the things that makes a property attractive to a buyer is a fully decked-out house. Seeing its potential with all the appliances and furniture laid out makes it easier for a buyer to make a decision. Many times, real estate agents “borrow” stuff from their own homes (or their friends or families) to help decorate a place for viewing.

  • The average person moves 12 times in his/her lifetime.

survey conducted by the U.S. Census Bureau stated that the average person will live in at least 12 homes in his or her lifetime.

  • Hilarious texts accidentally sent by agents are commonplace.

If you think real estate agents have everything figured out, they’re human, too, and are prone to sending wrong messages to the people, sometimes even to clients.

  • Warren Buffett doesn’t live in an extravagant mansion.

Contrary to what most people think, business tycoon Warren Buffett lives a very simple life. He still lives in his modest Nebraskan home, one that he bought for $31,500 in 1968.

  • Agents need to take some photography classes. Seriously.

While some agents know better and hire professional photographers to take stunning pictures of homes, some decide to just take matters into their own hands and hope for the best.

  • And Photoshop classes, too.

That goes for their Photoshop skills, too. Well, at least not all of them. They could save themselves from humiliation by hiring professionals to do it for them instead.

  • Vintage homes are non-existent in Tokyo, Japan.

If you’re considering moving to Tokyo and owning a traditional Japanese home, you might want to give it another thought. Japanese homes are mostly torn down after 30-years of existence.

curb appeal of house

  • A guy once bought a home for a paper clip.

If you think you’re one of those people who have great negotiating skills, you’re light years behind Kyle McDonald, a Canadian blogger who once bartered a house with a paperclip. Of course, he had to start somewhere but after fourteen trades within one year, he was able to acquire a house in Saskatchewan.

  • Agents’ headshots make good #ThrowbackThursday posts.

Some agents need to seriously update their headshots. Or their style. Either way, they need to post a more recent picture that shows them in the here and now.

  • Mail-order houses are not entirely a fresh concept.

Do you think the tiny house movement is the one that pioneered mail-order homes? Sears has been in the game since the 1900s with its mail-order kit that contains blueprints and all the parts that you need to build a simple house. By 1940, there were about 70,000 to 75,000 homeowners that got their homes from Sears.

  • Five countries once owned a home at the same time.

A 20,000 square-foot Manhattan mansion was once bought by the Republic of Yugoslavia as its embassy in New York. When the republic split into five different countries, the property requires all five co-owners to sign off on the papers for it to be sold.

  • Agents lower the volume on their car stereo when looking for an address to see better.

A 20,000 square-foot Manhattan mansion was once bought by the Republic of Yugoslavia as its embassy in New York. When the republic split into five different countries, the property requires all five co-owners to sign off on the papers for it to be sold.

Lastly, whenever they’re driving around looking for a specific address, they tend to lower the volume on their car stereo. As if doing that will help them see things better.
Do you have any other funny stories or fun facts that you want to share with us about this amazing industry? Feel free to share them with us in the comments section below.

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