5 TV Show Myths to Derail Your Lancaster, PA Property Transaction

By
Real Estate Agent with KW Elite
https://activerain.com/droplet/4Vbh

Real Life vs. Reality TV: 5 Myths Explained

Real Life vs. Reality TV: 5 Myths Explained | MyKCM

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting.

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and make a decision to purchase one of them.

Truth: There may be buyers who fall in love and buy the first home they see, but more often than not the process of buying a home means touring more than three homes.

Myth #2: The houses the buyers are touring are still for sale.

Truth: The reality is being staged for TV. Many of the homes being shown are already sold and are off the market.

Myth #3: The buyers haven’t made a purchase decision yet.

Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy.

Myth #4: If you list your home for sale, it will ALWAYS sell at the Open House.

Truth: Of course this would be great! Open Houses are important to guarantee the most exposure to buyers in your area, but are only a PIECE of the overall marketing of your home. Just realize that many homes are sold during regular listing appointments as well. 

Myth #5: Homeowners make a decision about selling their home after a 5-minute conversation.

Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their home and move on with their life/goals.

Bottom Line

Having an experienced professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality!

*Show Hole - A side effect of binge-watching. Symptoms include a sense of emptiness and depression brought on by realizing you just wasted a good portion of your life watching several seasons of a TV show or an entire movie franchise all at once when you could have managed your time better.

Email  mikeperrykw@gmail.com  To receive a 25+ page  Property Report on any real estate in the USA !
 
 
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Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Don Hess 08/17/2016 03:41 AM
Topic:
Real Estate Sales and Marketing
Location:
Pennsylvania Lancaster County Lancaster West Lampeter Township
Groups:
1st Time Buyers
ABR-Accredited Buyer Representatives
Keller Williams
Keller Williams Realty Referral Group
Advice for Sellers

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Rainer
293,736
Lee Marlin
First United Realty of Georgia - Atlanta, GA
ATL Metro 404.384.2274 - Luxury/Divorce/ShortSales

Mike, thank you for this very important post. While on a mini-vacation in Florida, I watched an entire day's fare on flipping homes. Out of the 10 shows that day, every last one of the "flip opportunities" had some sort of SURPRISE for the flipper. All of the surprises meant less return on the investment for the flipper, but, at least, all of the flippers turned a profit (though some had considerably less profit than others). I came away from the experience realizing that the magic words - "due diligence", "market knowledge", "diversified team of rehabbers", and "cash reserves" were all vital elements at succeeding in flipping. As you said, there's much more going on in flipping a house than what the producers show you in a 30 minute program (with commercials).

Aug 16, 2016 11:24 PM #1
Ambassador
1,614,650
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

#4 They say the seller has a 3% chance of selling the home at an Open House.

Aug 16, 2016 11:36 PM #2
Rainer
65,928
Cody Carmen
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

The shows are entertaining and can certainly provide some useful information, but it becomes a problem when people view this entertainment as 100% reality. Great article to quickly point out some truths that seem simple to us here, but in reality are probably an eye-opener to many. 

Aug 17, 2016 04:13 AM #3
Rainmaker
3,984,330
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

The TV shows are giving people the wrong idea of buying a home and how.  Just as bad as t and z are to values.

Aug 17, 2016 01:02 PM #4
Rainer
239,617
Jason Potrzeba
Webster Bank - Providence, RI
Mortgage Banking Officer

I've read that it is common that in some episodes of House Hunters the buyer being used is already under purchase and sales and they basically go back and recreate the shopping process with their new home and two other listings.

Fix or Flop doesn't always use their own cash either, hard money is utilized on occasion. 

Aug 18, 2016 05:16 AM #5
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

This post received 500 views !

Mar 12, 2017 10:17 AM #6
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Michael J. Perry

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