Will Homeowners Flip or Flop? TLC's Property Night Follows Would-Be Real Estate Moguls Who Take a Shot at Striking it Rich

Will Homeowners Flip or Flop? TLC's Property Night Follows Would-Be Real Estate Moguls Who Take a Shot at Striking it Rich

- New Episodes of PROPERTY LADDER and FLIP THAT HOUSE Begin Saturday, July 14 at 8 PM ET/PT -

- TLC.com Launches Comprehensive Online Supplement to TLC's Property Programs Featuring Expert Advice, Exclusive Video and Interactive Games -

SILVER SPRING, Md., June 11 /PRNewswire/ -- The real estate boom may be cooling-but the flipping trend is still red-hot! TLC's hit series PROPERTY LADDER and FLIP THAT HOUSE each return for a third season beginning Saturday, July 14 at 8 PM ET/PT. Airing in TLC's block of property-themed programming, each series follows the journeys of flippers looking to cash in on the real estate gold mine.

In PROPERTY LADDER, expert real estate developer Kirsten Kemp guides first-timers through the ins and outs of flipping. A veteran of over 60 flips, Kirsten knows what it takes to attract a buyer and to garner a premium price. Each episode begins as Kirsten meets the flippers to understand their vision for the home, and goes over the budget and timeline they established for the flip. After surveying the property, Kirsten makes her recommendations on how to enhance the property to maximize the potential for profit. Then, Kirsten offers her final words of wisdom and leaves the flippers to their own devices. PROPERTY LADDER captures all the action, from the construction zone to the appraisal to the first open house -- see what happens when they listen to Kirsten, and when they don't! Depending on the buyers, this get-rich-quick scheme could quickly turn from a sound investment into risky business. Will these flippers have what it takes to climb the next rung of the PROPERTY LADDER?

FLIP THAT HOUSE follows the transformation of properties by people who are familiar with home renovation and real estate. Beginning just after the initial purchase of a home, the new owners outline the price of the house and reveal their plans for giving it the necessary "facelift" to resell at a profit. TLC cameras follow the actual step-by-step renovation and cosmetic work leading up to the reveal of the before/after transformation. At the end of each episode, the results of the house-flipping exercise are revealed, along with a local real estate agents' suggested new sales price for the "flipped" property.

To supplement the network's on-air offerings, TLC.com has launched the Property Guide, an online resource for viewers looking for information on TLC's wide-range of property shows, as well as renovating, decor and design tips from our hosts and experts. Highlights include: house flipping tips from PROPERTY LADDER host Kirsten Kemp; video do-it-yourself projects with TAKE HOME HANDYMAN Andrew Dan-Jumbo; step-by-step instruction on special home renovation projects with MOVING UP's Doug Wilson; advice from the first-time homeowners featured in MY FIRST HOME and unique interactive games including "Pick Your Dream Home" and "Pair the Property." TLC Property Guide also features a robust forum for users to share stories on their own DIY successes and failures, and to discuss their favorite TLC programs.

PROPERTY LADDER is produced for TLC by Fremantle Productions. For TLC, Julie Rose McCully is executive producer. For Fremantle Productions, Tracy Verna is executive producer. FLIP THAT HOUSE is produced for TLC by Actual Reality Productions. For TLC, Pamela Deutsch is executive producer and Stephen Harris is supervising producer. For Actual Reality Productions, Carlos Ortiz and R.J. Cutler are executive producers.

TLC is the only television network dedicated to lifelong learning for viewers who want to grow up, not old. Featuring programming that explores life's key transitions and turning points, TLC presents high-quality, relatable and authentic personal stories. TLC connects more than 94 million homes in North America to the human experience with life's lessons you can't learn from books. TLC is a property of Discovery Communications, the leading global real-world media and entertainment company. Discovery Communications is the number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Through TV and digital media, Discovery's 100-plus worldwide networks include Discovery Channel, TLC, Animal Planet, Discovery Health, The Science Channel, and Discovery HD Theater. Discovery Communications is owned by Discovery Holding Co. (NASDAQ:DISCA)(NASDAQ:DISCB), Advance/Newhouse Communications and John S. Hendricks, Discovery's founder and chairman. For more information please visit www.discovery.com.

For More Information, Please Visit: www.tlc.com/property

For High-Resolution Photography, Please Visit: www.press.discovery.com

First Call Analyst:
FCMN Contact:

Source: TLC

CONTACT: Katie Crockett for TLC, +1-240-662-2707,
Katie_Crockett@discovery.com

Web site:

http://www.discovery.com/
http://www.tlc.com/
http://www.tlc.com/property
http://www.press.discovery.com/

-------
Profile: intent