Kevin Kalyan Realty Inc
About Real Estate
You will be amazed with some of the bizarre facts about the real estate industry. Below we have extracted a few mind-blowing fact for your entertainment.
Fun Facts About Real Estate:
This article was extracted from inman:
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This house is owned by 5 different countries
Last year, an opulent Manhattan mansion hit the market — a normal, everyday affair if not for the fact that its owners include the governments of Bosnia, Croatia, Macedonia, Serbia, and Slovenia.
The 20,000-square-foot home, which was modeled after the castle of Versailles, was bought by the Republic of Yugoslavia as a New York embassy in 1946.
But when the republic dissolved into separate countries in 1992, the property suddenly found itself with five current co-owners — who all need to sign off if the house is ever to be sold.
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The most expensive listing in America sold at a foreclosure auction
The most expensive listing in the United States, a 157-acre plot of land in Beverly Hills listed for $1 billion, actually sold for a mere fraction of that price ($100,000) at a foreclosure auction.
The place had accumulated over $200,000 in debt and the original lender paid to take it on in the purchase. Talk about having inflated expectations for what a place is worth.
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Keep your fliers close
This summer, the Santa Cruz County Association of Realtors sent out a safety warning alerting members to a so-called “flyer bandit” emptying the brochure boxes attached to open house signage in several nearby cities. His suspected motive? According to the local police, the man is in a competition organized by a local spiritual cult in which whoever collects the most flyers wins a bride.
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Out of the red
In Scotland, there is a common custom of painting your door red whenever you pay off your mortgage, according to Seth Williams.
Anyone local who owns a home knows about this custom — so, next time you’re in Edinburgh, keep an eye out for homeowners who reached this important milestone.
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A town that’s built over a meteor
A Bavarian town named Nördlingen was actually built over 15-million-year-old meteor. An asteroid hit the town over a thousand years ago but, far from being pressured to leave, the locals started building a town on the remaining crater. You can still see the circular layout of the town to this day.
Read the full article: https://www.inman.com/2019/09/30/13-real-estate-fun-facts-to-tickle-your-brain/
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