This show just seems so unrealistic. Here is a couple who spend thousands of dollars to renovate a house and despite all the comps in the neighborhood, always seem to come out making a large profit. The one episode, they bought a 2 bedroom bungalow. Too begin with any one who knows real estate well should know that 2 bedroom homes are hard to sell because most people in the market for a home want at least 3 bedrooms to accommodate a family. 2 bedrooms are a hard sell unless you are in a retirement community or trailer park. In that same episode, one of the views of the house showed a house directly across the street that was all boarded up. This will lower your property value. Yet, they made a large profit on the house. The other problem is they out price their neighborhoods and always come out on top. Who would buy a 3 million dollar house in the worst city in the US. No one. But, they always seem to find people who will buy their houses despite the inflated cost. It is better to have the worse house in the best neighborhood than the best house in the worst neighborhood. Also, most people who flip will not put granite counter tops in and travertene tile. Most people interested in flipping will use cheaper material to increase their profits. Make it look good! Sell it and forget it! Do not invest a small fortune in counter tops, floors, tile and whatever else the place needs. Flippers are out to make money. Not spend money. Than it always ends up in a bidding war at the end and they end up making more than they were asking. How many fools out there will pay more than asking for any house despite all the work done. Especially if the comps in the neighborhood are cheaper. The concept is good. But, I would like to see them lose on a house or 2 to make it more realistic or get stuck with a house. I like the show and I do watch it. But, all these questions baffle me.
Review of Flip or Flop
