Lessons in Laguna Beach

Tarek and Christina get a lead on a house in an upscale neighborhood in Laguna Beach, CA. Even though the house is small, it has an ocean view, which means big money. Having never flipped in the area, they aren't sure what to offer for the house, so they visit another flip in the area and see that the house they want is overpriced. When they offer below asking price for the home, the seller is shocked. Will they be able to get a good deal on this beachside home or will they miss their chance to make big money in Laguna?