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Question
what do u you think of the tv show "My House is Worth What??"?
this show is hilarous to me...lol. u see these owners saying yes!!! my house has double in 2 yrs, or my house has appreciate $300k in 1 yr! what they dont realize is this is appraisal from real estate broker and real estate aint rocket science, i sometimes feel these brokers just grab number from the thin air! i dont know y these brokers have to lie? maybe they are on a tv show or what etc. in the mean time, most of the brokers on the show even said the real estate market has gone down and there are alot of inventories in the market right now. so u know they didnt film these shows like 3-4 yrs ago. it is film in the current housing market. so with that being said, i don't know to feel sorry for these owner or laugh at them. when they put their property on the market and realize that it is worth way way way less than in today market, they would come to a rude awakening. at least when these brokers tell them their paper gain on the property value that they were at least happy for a few minutes...lol.
6 months ago - 3 answers
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All those HGTV shows are created for the sponsors to have a good place to advertise. They are basically infomercials.
by Ross- 6 months ago
I watch that show just to see if the agents are going to be honest with the homeowners or not. You're right, the only data the agents use are comparables in the neighborhood. They are NOT appraisals. Just guesstamites. After having improvements done to your home, it is worthless to ask an agent how much it's worth. They have no clue. the prices of homes have been coming down over the last couple years, therefore the value of your home is coming down as well. We have people selling below their city assessment in my area, then you have people selling with a slight profit. Anybody who's trying to sell that bought their home in the last couple of years is really bad off.
by jdecorse25- 6 months ago