Ask Question
Social StudiesSocial Studies
28 April, 12:47

A buyer was looking at buying a piece of real estate. The property was located in a very exclusive part of town where there were few homes available. He had to pay a premium price in order to purchase the property. These factors reinforce what economic characteristics of real estate

+3
Answers (2)
  1. 28 April, 15:07
    0
    The characteristics of immobility, utility, and demand

    The characteristics of nonhomogeneous T, situs, and indestructibility

    The characteristics of demand, scar city and situs.

    The characteristics of transfer ability, utility, and demand.

    Explanation:

    The following factors can have effect on the value of a property

    1. Location

    2. Supply and demand

    3. Interest rate

    4. Economic outlook

    5. Population

    6. Size and facilities

    7. Investment potential

    8. Energy efficiency.

    The property the buyer paid for is located in an exclusive part of the town and in this part of the town, few homes are available there. This means the area is a good location and the demand for homes there is very high. The value and economic characteristics of the real estate is high in that part.
  2. 28 April, 16:30
    0
    Real estates are landed properties which is a good investment due to the land always appreciating with time. The economic characteristics of

    paying at a premium rate for a land at an exclusive area are

    Characteristics of nonhomogeneous T, situs, and indestructibility.

    Characteristics of transfer ability, utility, and demand

    Characteristics of demand, scarcity and situs.

    Characteristics of immobility, utility, and demand
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A buyer was looking at buying a piece of real estate. The property was located in a very exclusive part of town where there were few homes ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What makes the United States multicultural? A. The efforts to make everyone behave the same way B. The restrictions in immigration laws C. The existence of privileged groups D. The presence of many ethnic groups
Answers (2)
The title of the passage is "The Orchid's Secret." Based on the information in the passage, what secret may the title be referring to? Use information from the passage to support your answer.
Answers (1)
Where does a large percentage of e-waste wind up? Incinerators Recycled in peripheral nations Repurposed into new electronics Dumped into ocean repositories
Answers (1)
What is unemployment?
Answers (1)
Which founding father held the role of lead military general during the american revolutionary war
Answers (1)
New Questions in Social Studies
What is the name of the charged particles in the thermosphere?
Answers (1)
How do you think the British in England feel about the colonist response to their taxation efforts
Answers (1)
What are two adjectives for due process
Answers (1)
Ms. Smith has just moved to Florida and would like to register as a voter. Which level of government is responsible for setting the general rule for voters registration
Answers (1)
With traditional savings account, you could be charged a fee if
Answers (1)
Home » Social Studies » A buyer was looking at buying a piece of real estate. The property was located in a very exclusive part of town where there were few homes available. He had to pay a premium price in order to purchase the property.
Sign Up Forgot Password?