Test Your Real Estate IQ

Test Your Real Estate IQ

Test out your Real Estate IQ ....

see how you rank! 



Here is a sample list of 10 questions to test whether or not you are 'Market Savvy'.*

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1. On average how many viewings does your home need to have before you can expect an offer? 

2. Buyers do not think unalike, if you ( as a buyer ) see something you like , chances are there are at least a few other buyers thinking the same thing. How quickly should you tell your Realtor after a showing that you are interested in the home...even mildly. 

3. What is meant by a clean offer?

4. Why does the bank need to do an appraisal of the property you wish to purchase?

5. What makes a foreclosure a good buy more than anything else?

6. What are the benefits of going to a mortgage broker vs. 'The Bank' ?

7. What is the best time of year to buy a home? 

8. Are open houses better on Saturday or Sunday?

9. Who is the best person to ask about a house for sale that you are interested in buying? ( besides your awesome realtor ) 

10. Most buyers put  this amount for a down payment. ( hint percentage 5|10|20|25|50%) 


Submit your answers to [email protected] - RE IQ Test or simply reply to blog post!


*Questions and answers written by a 15yr veteran of Real Estate. 

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Jennifer Kennedy Headshot
Author:
Phone: 780-920-0709
Dated: July 24th 2017
Views: 79
About Jennifer: Jennifer was born and raised in Edmonton. After receiving an Arts Degree and a Diploma in Finance, s...

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Suite 100, 8615-149 St
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587-807-6141
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