Comments on: Lessons From Real Estate Intervention’s Tough Love for Homeowners

By: Personal finance blogs roundup with contests and giveaways

Personal finance blogs roundup with contests and giveaways — Fri, 26 Feb 2010 20:57:53 +0000

[...] know Mike Aubrey? He’s the real estate agent host of Real Estate Interventions on HGTV. And, he left a comment on my post! According to him, the 3rd season of the Real Estate Interventions will incorporate Sabrina’s [...]

By: J @ MyMoneyMinute

J @ MyMoneyMinute — Fri, 26 Feb 2010 17:31:20 +0000

I love this show. Look forward to the next season!

By: MIke Aubrey

MIke Aubrey — Fri, 26 Feb 2010 11:53:24 +0000

Thanks for watching the show. The format is changing a little for season three (which we are shooting right now). I'll still give pricing advice, but this time Sabrina will help fix the staging issues that I identify as well.

By: Investing Newbie

Investing Newbie — Tue, 02 Feb 2010 21:38:58 +0000

You should also watch, "My House is Worth What?" on HGTV. It doesn't focus on just underwater mortgages, but anyone that wants to value their house before they sell. It focuses also on both the interior and exterior factors that affect a houses' worth and sellability.

By: SeeJaneGetRich.com

SeeJaneGetRich.com — Tue, 02 Feb 2010 21:05:16 +0000

I don't follow HGTV but I really want to check this out especially since they are featuring houses in the DMV area. So many of the houses here are ridiculously overpriced and isn't even worth half. I would love to see the look on the homeowner's face when they hear the real value of their house. Not in a mean way, of course.

By: WellHeeled

WellHeeled — Tue, 02 Feb 2010 20:58:51 +0000

HGTV also has a show called Man Caves. In one episode they transformed an ugly basement into a pool hall / guy's lounge.

By: WellHeeled

WellHeeled — Tue, 02 Feb 2010 20:57:36 +0000

Mike does have a very sweet ride. Bad advice must pay. I think I know which episode you were talking about.. the husband was VERY resistant to anything Mike had to say, right? Makes you wonder why they go on the show in the first place.

By: WellHeeled

WellHeeled — Tue, 02 Feb 2010 20:56:36 +0000

Exactly. What I've learned is that you can't stage your home as if you're living in it. You have to maximize the appeal to the largest number of people as possible, which means neutral, neutral, neutral! I've also seen some homes on HGTV where they vastly over-renovated for their area & price range – a family spent tens of thousands of dollars installing an in-home theater (with stadium seating) in their basement and was astonished when the real estate agent told them no buyer would be willing to pay over a certain amount for that.

By: WellHeeled

WellHeeled — Tue, 02 Feb 2010 20:53:15 +0000

I'll check to see if that show is on Hulu.

By: Little House

Little House — Tue, 02 Feb 2010 19:31:30 +0000

This looks like great stuff! Those unconventional loans were running rampant here in SoCal. I'm sure that a lot of people right now that didn't realize they ended up paying more for the house because of increased interest payments. Yikes!

By: Kate Ashford

Kate Ashford — Tue, 02 Feb 2010 18:41:05 +0000

I once walked through a woman's home with a stager (for an article I was writing), who was there to tell her why her home wasn't selling. To her credit, the homeowner had staged most of the home beautifully, but she'd left the master bedroom painted TEAL. As in, bright Caribbean teal. It was actually nice with her all-white decor, but there's not a buyer on the market who wouldn't have cringed. It's amazing how blind homeowners are about their own homes.

By: MoneyHoneySF

MoneyHoneySF — Tue, 02 Feb 2010 17:47:23 +0000

I love HGTV and it's the channel I tune into the most. Mike is fantastic with his blunt assessment of the current market and riding in his hot white BMW 5 series. It amazes me at time of how stubborn homeowners can be especially thinking their house is worth more than they paid for given the housing glut we're facing. They should just heed Mike's advice instead of thinking their own is the right price. I recall this one episode where this couple did not want to give out the price to which they want to list the house for. The show had to pause and convince them to give out the listing price to which they ungrudgingly did. Then the host told them that price was still too high to list it for and not in conjunction with Mike's price. They didn't listen and went ahead with the listing and low and behold, they weren't able to sell the house. I think the price difference was around $20K-$30K. I mean, if they want their house to sell fast, they should listen to the expert and the fundamental of the market. http://moneyhoneysf.blogspot.com/

By: Dave (twoyoung.com)

Dave (twoyoung.com) — Tue, 02 Feb 2010 03:48:28 +0000

I love HGTV, but because I'm a guy and my girlfriend doesn't find any of that stuff interesting, I have to keep my fascination on the downlow. =[

I will for sure look up HGTV shows on hulu. woot!

By: Red

Red — Tue, 02 Feb 2010 02:47:19 +0000

Very good! I love Mike's tough love attitude. He tells home owners everything they need – but don't necessarily want – to hear. And I totally agree. The biggest lesson I take from watching that show is that, just because you FEEL your home is worth something, doesn't mean it is. A lot of sellers are just so emotionally invested in their homes, or just desperately want to come out of the deal with a handful of money, that they're not thinking clearly when pricing their homes.