Hello Everyone,

I have decided to begin to write about questions clients often ask me.  So, to start off this segment, per se, is the classic inquiry of "Do I watch HGTV and the Millionaire Listing episodes."   The answer is an astounding "YES".  I do watch for several reasons, such as decorating ideas, marketing tips, and just to see what is going on in other points of the country.  I watch "Flip or Flop" which seems mainly to be always a wonderful flip.  We watch Tarek and Christina (who, for some reason, is always in work out clothes until the day of the open house).  They can, uncannily, find wonderful fixer uppers in Southern California even though the market there has rebounded, go in and remodel and, even though every time, they face crazy, newly found dilemnas, such as the home isn't permitted, they can't transform a carport, wiring is wrong, covenants, pools, mice, you name it,  they, oolaa, make serious money.  No sir, these huge outlays make no dent in their profits.  These guys make so much money, I can't imagine why they are still doing this and not living on some island somewhere.  What bothers me with this show is that these people can buy a home for $350,000 (fixer upper in Southern California) and put $100,000 in it and now sell it for $650,000.  How can a neighborhood that has $400,000 homes support a $650,000 price.  That has me befuddled.  

 

Next is Waco's Chip and Joana.  Well, Waco probably is the only place on earth where you can buy a $8,000 home.  They are fun to watch, less real estate and really more decorating and remodeling.  However, I can only take so many antiques and wire baskets nailed to the walls.  The poster unveil is too cool.

 

 have decided to begin to write about questions clients often ask me.  So, to start off this segment, per se, is the classic inquiry of "Do I watch HGTV and the Millionaire Listing episodes."   The answer is an astounding "YES".  I do watch for several reasons, such as decorating ideas, marketing tips, and just to see what is going on in other points of the country. 

 

 "Flip or Flop" which seems mainly to be always a wonderful flip.  We watch Tarek and Christina (who, for some reason, is always in work out clothes until the day of the open house).  They can, uncannily, find wonderful fixer uppers in Southern California even though the market there has rebounded, go in and remodel and, even though every time, they face crazy, newly found dilemnas, such as the home isn't permitted, they can't transform a carport, wiring is wrong, covenants, pools, mice, you name it.  No matter how large the unexpected outlay, they, oolaa, make serious money.  These guys make so much money, I can't imagine why they are still doing this and not living on some island somewhere.  What bothers me with this show is that these people can buy a home for $350,000 (fixer upper in Southern California) and put $100,000 in it and now sell it for $650,000.  How can a neighborhood that has $400,000 homes support a $650,000 price.  That has me befuddled.  

 

Next is Waco's Chip and Joana.  Well, Waco probably is the only place on earth where you can buy a $8,000 home.  They are fun to watch, less real estate and really more decorating and remodeling.  However, I can only take so many antiques and wire baskets nailed to the walls.  The poster unveil is too cool.

 

"Love it or List it" - Realtor Dave and Designer Hillary compete to see if the client will stay or go.  Hillary constantly disappoints her clients because she can never complete their laundry list.  She runs into one problem after another making me wonder if these people had a home inspection prior to their purchase.   Shrill Dave is trying to find them a home that is in their price range and close to their work and school like their old home which they must have bought in the Ice Ages because they can't even come close to getting that now.  Half the time, if these people would just pick up their stuff and get the rocking horse and plethora of toys out of the entry, they would like their home more.

 

"Flipping Vegas"  - Scott and Amy Yancey.  Scott loves to yell at Amy who seems hell bent on breaking her husband and losing all his money, according to Scott. They buy homes in areas where materials are getting stolen, broken into, or graffitied.  They get them at a heck of a price, put what seems reasonable on the money side for fix up, and the final sales price is usually right on.  Their profit, for the most part, swings from $30k to $60k. The ringer here is that Amy puts very expensive upgrades in these homes.  High end granite and flooring making me think that the store where she purchases (and always gets their sign on the show seen as she walks in) is giving her a great deal on these items.  Another thing, the product always seems to sell on at the open house.  This is very rare and suspect.

 

"New York and Los Angeles - Millionaire Listings" - I am hooked on these.  I think the negotiations and strategy is pretty accurate.  The in fighting and competition between realtors happens.  What doesn't happen is all the people who show up at the open houses.  We can't get brokers to attend our open houses.  We don't go to an open house on chance that we will get a buyer for it.  We get the buyer, then find the property.  In this day of internet and tours, this has gone to the way side unless someone has a super expensive listing.  I think the attendance is like this in the show because they know it is televised and they want to be seen on t.v., remember, it is LA and New York.  

 

So all in all, is it real?  Kind of, sort of, sometimes.

 

Have a great Holiday season and we are looking forward to a tremendous 2016 (have you written that yet?) and another great real estate year.

Jill

 

 

 

 

 

Sincerely,

Jill McFeron ABR, CRS, CDPE

Broker/Owner of The McFeron Group LLC