Flip THIS House on A&E focuses on two real estate investors who transform eyesores into "profit-making beauties." Filmed in San Antonio and Atlanta, each investor has a team of "characters" who buy, rehab, and flips for a profit. The show loves friction between all the players.
Flip THAT House is a documentary series for TLC. Each episode follows one investor/flipper through the process of buying, fixing-up, and selling a house.
One criticism of Flip THIS House come from viewer Jennifer B who says "The show is not informative at all, and most of the time you watch the people argue and complain about each other. They spend too much time goofing off instead of working which I don't care to watch..." Read review of Flip shows.
Critics of Flip THAT House complain that the sale is not completed so the viewer doesn't know how much money is actually made. Another real estate author, John Reed says that the show focuses on beginners who don't know what they're doing.
While that may be true of some of the show's guests, we're going to be on Flip That House. Since we have been flipping houses since 1979, maybe we know a thing or two. I just hope John doesn't watch the show since he has such a low opinion of flips.
Fisher Family on Flip THAT House
Copyright © 2006 Jeanette J. Fisher
Thursday, October 26, 2006
Tuesday, October 17, 2006
Should Investors Hold an Open House to Sell?
In 2202, a survey by the Real Estate Center at Texas A & M University found that private open houses for other agents were more effective than public open houses. The agents surveyed thought public open houses troublesome, dangerous, and generally ineffective except for agents who needed to build a client base. The survey said "Although open houses are popular with sellers, they appear to be losing their appeal among agents. Sellers see the open house as an indication the agent is actively promoting the listing. Agents know, however, the odds are long that an open house will produce a buyer."
A more recent survey conducted by The National Association of Realtors in 2005 found that open houses led to only 7 percent of all home sales. In their profile of Home Buyers and Sellers, the NAR, reported that 42% of home buyers found open houses to be "Very Useful" as an information source. In fact, 55 percent of home buyers do look at open houses to gather information. However, of the nine categories listed where buyers first learned about the home they purchased, open houses was not even mentioned.
Findings include:
Most people attending open houses are not serious buyers.
Most open houses are held merely to appease sellers.
Three out of four agents think open houses are effective in interesting buyers in homes other that than the one being shown.
Agents also pick up new listings at open houses.
Not many homes actually get sold because of an open house.
Visitors include a lot of looky-lou's and unqualified buyers.
Sometimes, thieves look for easy targets by visiting open houses.
Should investors stage an open house?
If open houses lead to 7 percent of all home sales, you might consider a open house. We like to have an open house when we finish remodeling a fixer and invite all the neighbors. Often, neighbors know a friend or family member looking for a house.
We make the open house an event and tell the neighbors to bring anyone looking for a new home. We stage the house with extra flowers and essential oil scents, play music, serve refreshments, and have our loan officer ready to answer financing questions.
To do this effectively, you need help. Our adult children actively pick up after people and run a Swiffer around the floors. Asking home shoppers to put on hospital booties helps keep the floors clean. Plus, people like the idea that we're picky about keeping the house immaculate.
Even with all this work, the best outcome for us is meeting the neighbors in our target area and finding people who want to SELL their homes.
Fixing and Flipping Houses
Copyright © 2006 Jeanette Joy Fisher
A more recent survey conducted by The National Association of Realtors in 2005 found that open houses led to only 7 percent of all home sales. In their profile of Home Buyers and Sellers, the NAR, reported that 42% of home buyers found open houses to be "Very Useful" as an information source. In fact, 55 percent of home buyers do look at open houses to gather information. However, of the nine categories listed where buyers first learned about the home they purchased, open houses was not even mentioned.
Findings include:
Most people attending open houses are not serious buyers.
Most open houses are held merely to appease sellers.
Three out of four agents think open houses are effective in interesting buyers in homes other that than the one being shown.
Agents also pick up new listings at open houses.
Not many homes actually get sold because of an open house.
Visitors include a lot of looky-lou's and unqualified buyers.
Sometimes, thieves look for easy targets by visiting open houses.
Should investors stage an open house?
If open houses lead to 7 percent of all home sales, you might consider a open house. We like to have an open house when we finish remodeling a fixer and invite all the neighbors. Often, neighbors know a friend or family member looking for a house.
We make the open house an event and tell the neighbors to bring anyone looking for a new home. We stage the house with extra flowers and essential oil scents, play music, serve refreshments, and have our loan officer ready to answer financing questions.
To do this effectively, you need help. Our adult children actively pick up after people and run a Swiffer around the floors. Asking home shoppers to put on hospital booties helps keep the floors clean. Plus, people like the idea that we're picky about keeping the house immaculate.
Even with all this work, the best outcome for us is meeting the neighbors in our target area and finding people who want to SELL their homes.
Fixing and Flipping Houses
Copyright © 2006 Jeanette Joy Fisher
Sunday, October 15, 2006
Monday, October 02, 2006
Free Real Estate Investing Teleseminars
#1 Learn About Apartments and How to Find New Hot Markets
Special teleseminar Tuesday night, Oct. 3.
9:00 PM EST / 6:00 PST
There's so much competition these days among real estate investors. The good news is that great bargains still exist in most markets, because they're passed over by the vast majority of investors. Many of those bargains are in apartments.
Most investors think they must unclog toilets and deal with tenants in order to make apartment-sized profits. That suits our friend, Dave Lindahl, just fine. He buys apartments from burned-out landlords at great prices. Best of all, Dave's figured out ways to deal with no tenants.
Dave's going to tell us how to buy apartments with no down; how to manage them without ever dealing with tenants, and how to make it work in YOUR real estate market.
Dave's also an expert at market cycles. He'll talk to us about his secrets for finding the next hot markets, and how to quickly and easily "read" where a market is in the up/down cycle.
Dave built his fortune from scratch, in tough neighborhoods. He's entertaining, knows his stuff, and you'll greatly benefit from this call.
If you can make this call, and while there are a few telephone lines left, be sure to register!
Join Apartment & Market Teleseminar
#2 Can You Still Make Money Fixing Houses?
Find out how to find a fixer and how to profit in the new buyer's market.
Free Fixer Teleseminar
Live seminars coming soon at Joy to the Home Realty in Lake Elsinore, California and Las Vegas, Nevada.
###
Special teleseminar Tuesday night, Oct. 3.
9:00 PM EST / 6:00 PST
There's so much competition these days among real estate investors. The good news is that great bargains still exist in most markets, because they're passed over by the vast majority of investors. Many of those bargains are in apartments.
Most investors think they must unclog toilets and deal with tenants in order to make apartment-sized profits. That suits our friend, Dave Lindahl, just fine. He buys apartments from burned-out landlords at great prices. Best of all, Dave's figured out ways to deal with no tenants.
Dave's going to tell us how to buy apartments with no down; how to manage them without ever dealing with tenants, and how to make it work in YOUR real estate market.
Dave's also an expert at market cycles. He'll talk to us about his secrets for finding the next hot markets, and how to quickly and easily "read" where a market is in the up/down cycle.
Dave built his fortune from scratch, in tough neighborhoods. He's entertaining, knows his stuff, and you'll greatly benefit from this call.
If you can make this call, and while there are a few telephone lines left, be sure to register!
Join Apartment & Market Teleseminar
#2 Can You Still Make Money Fixing Houses?
Find out how to find a fixer and how to profit in the new buyer's market.
Free Fixer Teleseminar
Live seminars coming soon at Joy to the Home Realty in Lake Elsinore, California and Las Vegas, Nevada.
###
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