It's undeniable that reality TV shows never fail to captivate its audience, both young and old. One reason may be the ability of these programs to show real life situations wherein people just go about their daily routines without any script. The audiences, for their part, are able to relate well to the situations captured on moving camera.
Among the reality TV shows that have become so hot these recent years are those pertaining to real estate notably flipping residential and commercial properties. While real estate investment may have cooled down, these home flipping shows on cable television continue to gain popularity. This popularity has, in fact, enticed many people to try the field of real estate investment in an effort to earn huge profits.
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Who wouldn't be drawn to this field what with the potential big bucks an investor could gain during the process? Particularly if the star of the show is an established realtor who has vast experience and great success in home flipping, the knowledge and skills they share with television audiences prove to be very encouraging and enlightening.
To give you an idea, one network alone produces a number of real estate TV shows. For instance, HGTV had eight real estate shows in 2006 achieving its highest primetime ratings in January 2008. Nine of its top 10 series are related to the housing market such as the House Hunters, My First Place, Hidden Potential, Buy Me and Design To Sell. A&E is also coming up with several new programs while TLC is planning on producing six new ones.
But although these real estate reality TV shows provide great entertainment to many people, they also play an important role in educating aspiring real estate investors about the ins and outs of home flipping. They teach the many aspects involved in such projects from establishing and nurturing relationships with various people from the real estate agent and broker to the buyer and seller.
Just take the case of TLC's The Real Deal led by Richard Davis who is president of Trademark Properties and A&E's Flip This House with known Texas realtor Armando Montelongo as among the lead stars. These flipping experts have been involved in buying, renovating and reselling numerous properties with huge success through their own real estate firms. And in addition to being on TV, they conduct seminars to teach novice investors the right ways to do home flipping and have written books on their field of expertise as well.
With all these real estate reality TV shows on air now, experts warn viewers to be weary about what they watch as some programs may be misleading. Those focusing on teaching homeowners some easy do-it-yourself renovation projects to increase a home's value are safe enough but there had been one case when projects, people and profits were actually all made up in a home flipping show.
People should know then that investing in real estate is not a simple task. It entails careful planning, decision making, relationship building and obtaining funding. Above all, honesty and dedication are vital in attaining success in real estate investment.
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Nov 10, 2011 11:57:14
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