Foreclosure Flipping Not a Flippant Matter: New Realty Real Estate TV Show Reveals the Underbelly of Los Angeles Real Estate
If you haven’t seen at least one real estate television show in the past six months than you probably sold your TV on craigslist trying to avoid becoming a statistic of the recent foreclosure market. These shows have been everywhere; Flip This House, Flip That House, House Hunters, My House is Worth What?, and Sell This House! are just a few of the slew of real estate related reality shows that have grown in popularity as a result of the recent housing boom. As the housing market cools down buying and selling property has become much hard, and these overly positive TV shows are starting to be revealed for their inaccurate portrayal of the real real estate market.
A new show has surfaced just in time to save the entertainment value of Real Estate. “Real Estate Confidential” premiered last Sunday, March 25, at 8 pm et/pt with back to back half hour episodes. This show follows a team of Los Angeles real estate professionals to reveal everything that realtors do for their client before the actual buying or selling of the home. Viewers will finally be able to learn the nitty-gritty of the real estate process including how real estate agents price homes, the art of the real estate negotiation, how to prepare a home in order to sell quickly, and veteran tactics used for bidding on homes.
The first episode of Real Estate Confidential is one that foreclosure flippers and those at risk of being foreclosed want to pay close attention to as the housing market cools into an environment that is more difficult to own and invest. Los Angeles real estate broker, Anne Russel, is tasked to help the owner of a fixer-upper avoid foreclosure. Russel works diligently and tactfully as she attempts to bring the owner out of dept by selling his home well above the current market value. At the same time Russel is juggling two home flippers in Encino, California who need to sell there house and find another at the right price.
Foreclosure Flippers and home buyers alike can learn a lot from this show. The current subprime lending market has many feeling pressure of possible foreclosure. Real Estate investing in foreclosures is also proving to be more difficult with the increased rate of mortgage defaults. When the housing market heats back up hopefully you can approach the real estate market from a more educated perspective. www.foreclosurefetcher.com has several free informational resources that can help you in your search for the most profitable flip, or best deal on your dream home fixer-upper.
May 17th, 2007 at 11:09 pm
The real Real Estate problem is the fact that so many home owners are losing their homes to foreclosure. We can help stop foreclosure and allow them to stay in their homes.
May 18th, 2007 at 11:32 am
Definitely the larger problem, but how do we stop foreclosures?
June 12th, 2007 at 6:38 pm
Oh Thank god! I”m so sick of these so called ‘reality’ shows that make flipping homes look easy. “I paid 120,000 for a run down 3 bedroom, 2 bath house…put 50,000 dollars and expect to sell it on the market for 220,000 for an expectant profit of 50,000 in 30 days.” If only it was that easy!
September 20th, 2007 at 10:48 am
Nice and interesting post. The comments were also great. =)