My TV Review of Property Wars . . .

BARF

That's my review. 

The series Property Wars played out like anything else on TV . . . contrived, unrealistic, scripted, predictable, formulatic . . . which garners the "BARF" review

Property Wars is entertaining for the "What are you nuts?!?" value.  It's like the Three Stooges on a home buying spree.  Each "investor" is out to poke the eyes out of the next guy and yuk-yuk-yuk.  If one stooge doesn't get the one up-man-ship on the other, not to worry . . . the stooge will self-destruct all on his own.

The "investors" of Property Wars go out to look at homes that are up for auction in the Phoenix, AZ real estate market.   The show's premise is that none of the stooges investors are allowed to pre-tour the properties prior to making their bids.  I think that's a bunch of hooey.  I saw combo boxes on the front door. 

Would anyone in their right mind bid on a house sight unseen?!?  Only on Property Wars.  

The Property Wars formula:  There are 4 sets of "investors" and during the 30 min. episode they are going to look at 3 different properties.  The premise is that none of them have entered the property, so they are bidding blind.  WHO DOES THAT?

So, the 4 sets of Property Wars investors arrive at the property.  They don't go inside and base their bids on: 1) what they think the property is worth in current condition (which they, presumably, have no way of knowing), 2) what they have budgeted for updates (which they have no way of knowing), and 3) how they are going to make out like bandits on this deal.

Magically, the Property Wars bidding starts at the exact time they are all at the property. They have their partner at the auction site who places the bids and communication is done via cell phone.  One investor backs out.  One investor drives the price up on purpose.  One investor has second thoughts and bails.  One investor gets the winning bid.

Then the winning investor gets the keys to the property.

CUT TO COMMERCIAL -- oh the suspence, the drama, the anticipation.

Back from commercial break they open the door and see . . . the mess, or the move-in ready.

Rinse and repeat. 

Kids don't try this at home.  Investing in real estate is not "As Seen On TV"  No one buys a home without touring it and performing due diligence.  No one buys into a investment property without knowing what the costs will be to re-hab.

Property Wars is a combination of the 3 Little Pigs meets the Three Stooges.  An unreality show which is entertaining because it's so ludicrous. 

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 Carla Muss-Jacobs
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19 Comments on Did Anyone Watch PROPERTY WARS Last Night? My TV Review . . .

JUL
13
1,117,173 Points 117 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Oh great more stupid stuff going on in my  market. Joy oh joy.  We'll have to not take those phone calls!
1:48pm • #1
982,789 Points 114 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Anna B -- if you've not watched the show, you might find it entertaining, at least you'll see your market on the telly!
1:52pm • #2
1,120,483 Points 102 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I never even heard of it Carla.  Of course now that I've found I can watch some television from the 60s on netflix, after I see the weather every morning (which is a re-run, hot with chance of afternoon thundershowers), I just watch netflix when I'm not working or playing.  Right now we are watching the original Dark Shadows.
1:54pm • #3
982,789 Points 114 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hey Tammy -- my son is watching the original Dark Shawdows series too! Then he'll see the Tim Burton flick.  And trust me, you're not missing anything with Property Wars.
2:00pm • #4
452,806 Points 81 Featured Posts Called Shot Master

Carla - Just like "Flip that House," such shows make the impossible appear simple, and they do it in an hour or less--with, of course, lots of fabricated drama.
2:14pm • #5
413,547 Points 16 Featured Posts Outside Blog Called Shot Master

I haven't seen it, and after your review I think I will take a pass and go read a book.
2:35pm • #6
620,796 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Makes for more good ratings and more unrealistic ways to buy a home on investment.  Soon we will get the buyers who want to become investors since they've seen how to do it on HGTV....you know, like the rest of the shows that show just how "realistic" buying and selling is in the "real" market...

 
3:00pm • #7
1,311,629 Points 65 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Carla  I am happy I took the time to read your review - I don't know what I'll do to enjoy the time I've saved  :)
3:32pm • #8
1,100,447 Points 94 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Carla,

Based on your review, it would seem that property wars is destined for the dustbin soon.

Rich
4:31pm • #9
1,528,082 Points 164 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Glad I missed the opportunity to watch Property Wars  Sounds like the TV producers are starting to get desperate for ideas.
4:45pm • #10
851,729 Points 183 Featured Posts Attended Rain Camp Called Shot Master

I didn't see it, but I agree completely with the nutiness of these types of shows. I hate them all.
5:37pm • #11
235,950 Points 8 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Carla... I haven't heard about this program but I sure appreciate the heads up... who needs this nonsense?
5:44pm • #12
172,817 Points 4 Featured Posts Outside Blog Called Shot Master

Carla,

Just more trash TV. 
6:20pm • #13
982,789 Points 114 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi John . . . fabricated drama, you got that right!!

Hey Kathy -- I'm reading a book by Art Linkletter circa 1957 "Kids Say the Darndest Things" (my son found in at Goodwill for $2.00).  Now THAT was reality TV at it's finest, and it's also a good read!!

Hi Brenda . . . very unrealistic.

Hey Karen -- you're welcome LOL

Hi Richard . . . let's hope so!

Hey Cindy -- desperate is right!!

Hi Karen . . . it's something I love to hate, purely trash TV

Hey Peggy -- I hope no one actually buys property this way

Hi Pamela . . . so true
8:33pm • #14
JUL
15
645,006 Points 111 Featured Posts Outside Blog Called Shot Master
No thank you to Property Wars, flip This House, Home With Holmes (or whatever the name of that show is). I'll just stick with the home decorating shows. Even if you can't afford to do some of the things that they do, you can get some great and REALISTIC ideas.
12:25am • #15
JUL
16

Have you ever been to a Trustee Sale?  I can tell from your blog that you haven't.  The properties sold at a Trustee Sale are NOT marketed.  One can NOT see the inside of the house prior to a purchase.  Properties sold at the Trustee Sale are not for the average home buyer.  They are purchased by investors, like the ones in the show.  Perhaps before you spew out a bunch of garbage you THINK MIGHT be right, you should do your research. 
Ali
7:04pm • #16
982,789 Points 114 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hey Ali -- PRIOR TO THE TRUSTEE SALE the home was more then likely available For Sale.  After the notice of default, most people try to sell their home and those notices go out to all the vultures in the area too. They bird-dog properties all the time.

I don't care what kind of sale it is.  It's still a TERRIBLY bad, canned, scripted show.  And my opinion, is based on the fact that it's a crappy barf-o-tastic show that is so formulatic and simple it makes the equation 2 + 2 = 4 seem complicated
7:45pm • #17
592,018 Points 58 Featured Posts Outside Blog Called Shot Master

Hi Carla --- didn't see nor have I heard of this show.  Some of these Real Estate shows may be fun to watch but strictly for entertainment or the laugh factor and certainly REALITY rarely, if ever, enters the picture.  I think on some level some of these programs have made the suggestion of professional staging easier to approach with some clients.
10:07pm • #18
JUL
18
282,737 Points 11 Featured Posts Attended Rain Camp Called Shot Master

Hi Carla, I can't watch that kind of contrived 'Reality' tv. I just end up yelling at the screen, so it's not worth my time. Great review, very accurate for that type of show!
8:21am • #19

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Carla Muss-Jacobs - Principal Broker/ Owner | Exclusive Buyers Agent |

Portland, OR

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503-810-7192 | BuyersAgentPortland.com

Address: Beaverton OR, Portland OR, Forest Heights, Lake Oswego, Hillsboro, SW Portland, SE Portland, NW Portland, N Portland, Downtown, The Pearl, NE Portland, Milwaukie, West Linn, Aloha, Cedar Hills, Portland, OR

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Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of EBA Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

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Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!  



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