I will say that the first season of Million Dollar Listing San Francisco was fun to watch to see the luxury real estate selling in the city, as well as all the drama. (Sellers crashing their own open house or poaching domain names, anyone?) But, with any reality TV show, the reality part is a bit skewed from, well, real life.
San Francisco is a mere 25 miles from Redwood City and while the market varies from city to city, buying and selling in Redwood City is pretty different from the show. Here are five ways that the real estate market and working with an agent in Redwood City is not like Million Dollar Listing.
1. Deals are not usually made in swanky bars and restaurants. Almost every time an agent presents an offer on the show, they meet with another agent, or their seller (or their seller’s representative) over lunch or cocktails. In real life, offers are typically presented in writing at a real estate brokerage or at the seller’s residence, or verbally over the phone.
2. There is often more to getting an offer accepted than the price. As the saying goes, the devil is in the details, and it’s up to the person receiving the offer to determine if the details are going to make or break a deal. For example, the buyer might say the offer has no contingencies, but it turns out there are, or there could be a technicality that potentially delays closing escrow or prevents it completely.
3. We have open houses, not raging parties. While the show highlights booty parties, flowing champagne, and even jumping in a client’s pool fully clothed, Redwood City has more down to earth open houses. Sure, we might have catering or refreshments. Selling and buying a home is serious business and can be incredibly emotional for buyers and sellers, and big parties don’t jive as well with the real estate market here.
4. Not all real estate agents are men! On Bravo, the main cast is entirely made up of men. In my office, the ratio is actually 1 man to every 5 women. (And they are killin’ it!)
5. Real estate agents don't just drive around in Bentleys, throw parties, and close deals. While a lot of people assume real estate agents are crushing it right now with skyrocketing prices and a competitive market, the show glosses over a lot of the legwork that goes on behind-the-scenes. Real estate agents work around the clock and while it is a great business to be in, it's also a tough one.