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
- Remove clutter
- Paint
- Carpet
- Staging
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.
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