I just got done watching the tv show Property Virgins on HGTV. This show takes place in Canada near Toronto with what I believe are canadian couples and real estate agent. The premise of the show is that a real estate agent shows First-time home buyers around and shows them many properties within their price range and area. She’ll always ask them to guess the price after they look at the house. Usually the buyers look at a lot of houses before they know what price and ammenities they are looking for. The episode I watched today was a couple in the $600,000 price range. That’s actually high for first-time home buyers on this show. Usually I see couples closer to the $320’s range. This is a 30 minute show, please check your local cable tv guide. In this episode this couple were in a multiple offer situation. The house was available at $575,000, but to win the offer the agent suggested $650,000. This show must have taken place a couple of years ago when their were multiple offers. They had to hurry and were given 2 hours to compete against a bully offer. So the agent made them go up $75,000 with her opinion based on the limited time. So a $75,000 increase in merely 20 seconds, that’s a quick decision. Then even $650,000 wasn’t good enough so they went up to $660,000 and then finally won the offer. The market mindset sure has changed in the last couple of years. The couple was very happy though. This show is on very often on this channel. Every show I have seen has had the same agent, they just have new buyers every time. Please email me with any real estate tv shows you recommend.
