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I think the answer is both. Shows that talk about flipping properties seem to ever simplify the process. I find clients, who think they will buy a home, slap a few thousand in it and flip it for giant profits, all in 10 days. That is where some of the shows on television have hurt us a bit.
In our real estate market on Oahu in almost every case there is one reason someone may be in trouble of losing their home. It is usually because they made some real bad decisions or some catastrophic happened. Our market hit a record median price high last month. Homes should have equity in them unless the lenders loaned more than they are worth or the buyers put a ton of cash in them to fix and flip and ran out of money, etc.
Now there are some areas that have seen price softening, but they are the exception.
The type of real estate show that has made my job easier as an agent is the home staging shows. They have helped me in two ways.
They have given me a lot of tips about preparing homes.
They have given my clients a more realistic view of what they need to do to prepare their home
When I meet with listing clients they are much more receptive to my suggestions to get their home ready. They are now more and more asking for me to go room by room and give them a list of things to do to get it ready.
So the home staging shows have been a winner for me and my clients.
The flipping shows have been a bit of a problem for some of my clients. With that said I still enjoy watching them.
Randy L. Prothero, REALTOR®, Broker-in-Charge, ABR, AHWD, CRS, e-PRO, GRI, SFR
Keller Williams Realty
Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers. His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.
Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors. To improve overall professionalism in his area Randy also offers classes for real estate agents.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.