Written by Emily Hochberg on March 29, 2019
Insider scoop and secrets on Million Dollar Listing Los Angeles and other popular TV shows.
If you love real estate like we do (love doesn’t even begin to encapsulate it!), then it’s likely you’ve caught any of the real estate TV shows currently saturating reality TV. Maybe your eyes roll at the staged scenarios, or perhaps you indulge in a full-on binge. Either way, these shows grab attention by tapping into the thrill of the market, without any of the risk.
Real estate reality is fun, and a healthy dose of voyeurism. Peek into dream homes, watch bidding wars unfold, and find out who would really be willing to pay $60 million for a crumbling mountain mansion. It’s a preview of international markets and what money can (or can’t) buy.
Whether it’s a guilty pleasure or must-see TV, just remember that in real estate, reality TV is only so real. “It makes it look very easy. You don’t typically see a lot of failures,” said Redfin agent Alec Traub.
Los Angeles-based Traub works in the high-end market, and surprisingly, loves these shows.
“I sometimes watch House Hunters or Flip or Flop but mostly Million Dollar Listing, which is fun because I’ve done deals with those agents. The properties on Million Dollar Listing Los Angeles are properties shown on TV are often homes I know,” he said. “I’d watch even if I weren’t an agent, but because it’s my industry, it’s interesting to see how the business is portrayed. But I’m not watching myself; I’m watching a glorified version of my workday.”
As such, Traub, a luxury agent in LA, is quick to point out that the portrayal is far from accurate.
“It’s a lighter version of what I do. They depict agents and structure the show like it’s fantasyland real estate. I can watch and kick my feet up and think, ‘how nice would it be if it all happened that easily?’”
So what’s actually reality? Here’s what Alec thinks you should consider the next time you tune in:
See original at: https://www.redfin.com/blog/million-dollar-listing-los-angeles/