News, Real estate cold; real estate TV hot. (RE agent, appraiser, agents)

[John1960]

NEW YORK - Real estate may have cooled considerably as an investment, but not real estate television.

Real estate cold; real estate TV hot - Yahoo! News (broken link)

[drjones96]

I saw a lot of house flipping shows on TV over the weekend. They are such a crock of sheet. RE agents making claims that the house is worth almost double the original investment only 5 years ago. It's only worth what someone is willing to pay. Nothing more.

[HappyTexan]

TV makes everything out to be glamorous. Don't believe everything you see on TV.

Real Estate Fraud | Mortgage Fraud | Flipping Schemes » Flipping

[njkate]

Yes and part of the reason you have buyers out there with high expectations on a normal middle class home.....thinking it should have those cherrywood cabinets, granite counter tops and stainless appliances et al

[RichCapeCod]

I’ve watched a number of these shows and wondered at their lack of currency with the present situation. I've also noted a great deal of wishful thinking. For example, there is one show, I think it’s the HGTV What’s My House Worth (not sure about the title). People invite appraisers in to evaluate whether their home has gone up in value so they can either continue making improvements or sell it in order to buy a different place. At the end of the ritual calculation the fact that the realtor is going to walk away with a significant amount of the end dollar amount is never mentioned!

The one show I find most realistic is Buy Me. It appears to come from Canada and seems to be an honest view of the ups and downs of home sales for those folks involved in the program.

Rich

[drjones96]

....and they never tell the seller he's going to lose money on the house.....which is a reality in today's market.

[Beena]

I could not agree more!! Are we all watching episodes of "Flip this House" and "My house is worth what" from 2005?? Yes anyone with a pulse could make money then. Lets see how they are doing in 2008.

And the realtors are hilarious. Add a short skirt and pom poms and you have a teenie bopper cheerleader.

How about "My tech stock is worth WHAT????" And let's only show reruns from 1999. Not 2001.

[drjones96]

Originally Posted by Beena

How about "My tech stock is worth WHAT????" And let's only show reruns from 1999. Not 2001.

Great analogy!

[okaydorothy]

We said hte same thing this weekend. Those shows must have been made a few years ago. How about showing some people who think their house is worth much more than it really is.

I love If walls could talk and also rezoned. Those are interesting.

dorothy

[Margel]

"The one show I find most realistic is Buy Me. It appears to come from Canada and seems to be an honest view of the ups and downs of home sales for those folks involved in the program."

Before I put my home for sale, I loved all of those shows. But now I am in the hell called "trying to sell my house," I hate them. I especially hate the ones where the seller has to do all kinds of work to the house (how do they afford it, and where do they get the time???), then all kinds of offers miraculously appear. The poster who wrote the above quote is right...Buy Me really does seem to be more realistic, and if you watch it, it sometimes scares the he-- out of you because you seel a lot of those buyers left holding the bag, so to speak.