Top Four Things To Know When Watching Real Estate Realty Shows.
The costs associated with the renovation projects you see are not accurate. Tripling the amount may get you closer but will not account for material and labor costs and change orders. The shows are heavily scripted and produced as entertainment designed to make you want to keep watching; nothing happens in real-time. The acquisition costs of purchasing the properties are falsified, public records will not match and are not replicable, and usually, before production starts, the show has already acquired and is in control of the Real Estate. There are many steps to a Real Estate transaction, and each takes a ton of experience and time to add to the probability of closing escrow.