A recent episode of the show Real Estate Intervention featured some local homeowners who wanted to sell their rowhouse our neighborhood. I'm told the episode also features the hosts dining at Sticky Rice. The episode, entitled
Seeking a Reward for Renovations, is episode HREIN_108. I suggest the DVR, because the episode is now repeating only late at night, or super early in the morning:
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August 12, 2009
10:30 PM e/p
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August 12, 2009
2:30 AM e/p
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September 15, 2009
10:30 PM e/p
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September 15, 2009
2:30 AM e/p
14 comments:
You have to be crazy to sell in this market. Rent the house out, let the market recover first and then sell.
It's not crazy if you don't overprice it and get greedy. But that's what most sellers are doing. Homes that are "priced to sell" usually do.
Should be interesting to see what they did to the house to get it ready to sell.
Even if they priced their house right, people would rather buy the foreclosed fixer upper across the street for $200k less. I'm seeing it happen all around me
Wow! That's my house. i guess you could call us the crazy people who didn't want to deal with a fixer upper. plus, every forclosure that we liked we got out-bid. we knew something was going on when we were in the buying process and finally figured out it had something to do with a TV show, but thank you for posting, otherwise I never would have figured out what show it actually was! should be interesting to see the story from their side now.
Now that's funny. It is also possible to watch the show online.
I saw this episode in the middle of the night the other night! It was quite good. The house was gorgeous inside... they'd basically renovated it from a shell.
And, as a buyer in the market right now, I have to agree that fixers in need of some work sell very quickly for over the asking price. I saw one foreclosure that was on the market for 5 days and went for at least $50k over the asking price.
Anyone have a link of how to watch online? Some of us refuse to sell out to the man and (are to cheap to) get cable.
The link will only work for a while, but:
http://www.hgtv.com/real-estate-intervention/show/index.html
That just takes you to the main page (basically one click from the link in the post).
I watched the reno of this house from start to finish (I live across the street) and it's definitely a lipstick job like the large majority of the reno's you see being done in our neighborhood. I even walked through the house several times with the GC while under constuction as I wanted to see what techniques and technologies were being used. But if original owners are happy with it, and the new ones are too, I guess it doesn't really matter how it was done. Most of the crap work I watched being done has since been drywalled over, so out of sight, out of mind.
Like the house on the corner of 6th and L, which went from a shell to sell in about 4 weeks, there is no way they could have fixed all the structural problems in that one in such a short time. And I'd love to see the engineering stamps on the plans that got submitted to the city since they pulled all the original joist work out. Oh wait, you mean it was done under a "replacement of drywall < 800 sqft" permit? I'm sure some city inspector is laughing his greased palms back to the bank.
Newbie, congrats on your new house! However, I hear the neighbor across the street is a jackhole.
Yes Newbie, welcome! I hope you have many years of happiness in your new home and in our old, diverse neighborhood.
Best of luck with your neighbor across the street. He's probably just jealous because his house hasn't been updated since 1972.
thanks all. we do think the house is beautiful and are happy to be here; and the DCRA permits/quality of work seemed in good order to us, our inspectors and our lawyer... what else can professionals with littel free time do? and all of the neighbors i'm met in real life have been fantastic btw...
http://franklymls.com/DC6980283
The MLS listing
FYI -- the episode is also available On Demand. Go to HGTV and scroll down "All Programs." It's about halfway down (RE Intervention).
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