HGTV, a 4-Letter Word

Reblogger Kasey & John Boles
Managing Real Estate Broker with Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com Designated Broker DB29503

This post by Debe Maxwell, CRS is just too awesome not to re-blog. Well said, Debe. 

Original content by Debe Maxwell, CRS 228209

HGTV, a 4-Letter Word

 

Not only a 4-letter initialism (Home & Garden Television) but, in many real estate agents’ opinion, it’s a 4-letter word!

 

In a recent news exposé, several of the reasons we, as agents, have issues with HGTV were touched upon.  Here are some of the key reasons we consider HGTV a four-letter word to us!

 

  1. #CharlotteHomeRenovationWAIT! Knocking down walls is NOT that easy. It is, however, easy to say, “Tear down those walls” but, in reality, we are NOT structural engineers and don’t have a clue as to whether or not the wall in question is load-bearing or not. It costs several hundred dollars just to have a structural engineer to consult.

  2. Negotiations don’t typically take place in coffee shops! Yeah, no! This is NOT how they go down! In fact, there is a lot of phone tag that is played throughout the negotiation process OR negotiations are even sometimes done via text or email - never in the coffee shop!

  3. Buyers don’t negotiate at the coffee shop and then Close on the house AND have the renovations all completed to turn-key status in 48 hours - heck, the Title search takes longer than that!

  4. Hold onto your wallet! - Most people don’t have the funds to spend willy-nilly on a second home, renovating it while they live in another home. The rare few may but, the vast majority of the population does not have that financial capability, let alone the funds to spend on major overhauls. According to HGTV, a kitchen renovation that looks positively spectacular - the best dream kitchen you can muster up in your mind - is only $5,000! In the real world, granite for an entire kitchen will run you more then $5K!

  5. Oh, those nagging permits! Reflecting upon the last issue, time in #4, permits can take as long as 14 days in our municipality - and we think we move pretty quickly in our permitting department. And, don’t even THINK about beginning work without one. Doing so could necessitate you ripping out walls and the work done in not on record when you sell your home. Just bite the bullet and obtain those permits NOW.

  6. #CharlotteHomeRenovationOh, the drama! A good real estate agent protects their clients from any and all drama. On the rare occasion that a client is pulled into situations, it is legally unavoidable. Otherwise, the HGTV drama is so over-the-top and SO not how I would want to work if I were a consumer. Our services are called white glove for many reasons and keeping our clients out of situations and focused on their big move is one of them.

  7. Just because it looks cool, doesn’t mean the ROI is worth the renovation. As a Charlotte home buyer, you simply must listen to your experienced agent when it comes to your return on investment (ROI). If the entire home needs an overhaul, you will NOT get every dime back that you put into it (and then some, according to HGTV). The same goes for Charlotte home sellers - updating some things in your home is just not worth it. The high ROI items often fluctuate based upon the local buyers’ preferences so, what was a high ROI 5 years ago, may very well not be one today. Seek advice from your Charlotte real estate agent - he/she is FAR more informed than anyone on a national TV show!

  8. Last, but certainly NOT least - Lowball Offers are NOT in vogue in a sellers market - under any circumstances! I just sold a fixer-upper to a buyer, intentionally looking for a home that they could make their own and they absolutely did not want new construction. They paid 25% above list price to win the bidding war - yes, you read that right, 25% above list. I also had the same experience with a small ranch home recently as the listing agent…same thing, 25% above list price and we had 27 Offers on the property. MOST of them were over but, there were some HGTV watchers who lost out again…offering below list price.  

#CharlotteHomeRenovation
Real estate is local and you really must consider the source when watching these TV renovation shows.
Yes, they may have some great ideas and some amazing outcomes but, in our area, are those renovations worth it? What is it going to take to do those renovations? How long is it really going to take to get through just the planning process, much less actually having the renovations completed? Will there be drama involved and will I see a return on my investment (ROI)? These are questions for your local Charlotte real estate agent…not someone on TV!

 


 

 

These are just a few of the reasons that we feel that HGTV is a 4-letter word! Disillusion is one word that encompasses all of the reasons. See your local real estate agent for the ‘real scoop’ when it comes to home renovations.

#CharlotteHomeRenovation    #HGTVorReality 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | HGTV, a 4-Letter Word

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

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Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

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Ambassador
2,803,032
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, Kasey, thank you so much for the re-blog and the kind words! I had a recent 'HGTV' experience and just had to share my thoughts on the topic! LOL

Hope you have a terrific Thursday!

Oct 24, 2018 10:25 PM #1
Rainmaker
2,887,837
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kasey what an awesome Re-blog from our friend Debe Maxwell, CRS  I remember this post and agree with her 100% Endre

Oct 24, 2018 10:37 PM #2
Rainmaker
1,257,624
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thanks for the re-blog! I actually missed this the first time!

Oct 25, 2018 03:15 AM #3
Rainmaker
2,854,473
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kasey and John. Debe Maxwell, CRS nailed this one with a bit of a humorous title. Enjoy your day!

Oct 25, 2018 04:04 AM #4
Rainmaker
1,646,806
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Kasey and Joan - this is a wonderfull expose of HGTV.  Too good to be true.

Oct 25, 2018 05:32 AM #5
Rainmaker
3,197,564
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Kasey. This is excellent and I know how Debe feels. Great re-blog.

Oct 25, 2018 05:35 AM #6
Rainmaker
4,855,145
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Flipping homes can be very rewarding. However, many do not understand the risks.

Oct 25, 2018 02:52 PM #7
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Debe Maxwell, CRS you write a lot of blog posts where I just think "ditto" and why should I even take to the time to say what you have already said so well? I have a good handful in my bookmarks, but I'm afraid to post them all or you will think I'm just riding on your great writing coattails! :-) Kasey

Oct 25, 2018 06:47 PM #8
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Endre Barath, Jr. Debe is a smart cookie. HGTV, like Zillow, and like home buying/flipping seminars are a detriment to the public in that they teach something about the real estate market that is just not reality, and it's unfortunate that part of our job is to have to un-program that kind of teaching. Sigh. This post is excellent. -K

Oct 25, 2018 06:48 PM #9
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Kat Palmiotti it's a safe bet that every blog post of Debe's is read (and reblog) worthy. She puts my blog writing skills to shame. But that's okay because I can just reblog her! lol. -Kasey

Oct 25, 2018 06:49 PM #10
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Wayne Martin, her title cracked me up. But it's also so true! -K 

Oct 25, 2018 06:50 PM #11
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Grant Schneider in my early RE years I watched HGTV for fun. Then I watched it for education on what my clients were viewing and believing. Then I stopped watching it altogether because I just couldn't stomach it anymore... -Kasey

Oct 25, 2018 06:51 PM #12
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thanks Sheila Anderson! Debe did an excellent job. It was a no-brainer to reblog. -Kasey 

Oct 25, 2018 06:52 PM #13
Rainmaker
703,047
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Roy Kelley it certainly can be both rewarding and profitable, but it is not for the novice. -Kasey

Oct 25, 2018 06:52 PM #14
Rainmaker
3,741,325
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kasey, so many watch HGTV and have a different view of our career.  They should walk in our shoes just one week! 

Nov 04, 2018 06:37 AM #15
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