'Flipping the Block' series premiere: Sneak peek

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The wait is over HGTV fans! The new innovative series "Flipping the Block" premieres tonight (July 20) and it is filled with network favs, fun and of course -- a little renovation drama. 

In the eight-part series hosted by Josh Temple ("House Crashers"), four teams will transform identical run-down condos and then sell them to the highest bidder, in hopes of taking home a $50,000 prize.

Of course, things wouldn't be nearly as fun without a catch and this one is a doozy -- the teams have no idea what they will be doing on the show or anything about the prize money when they arrive on the scene. Tune in to see how each team reacts to the news they will be renovating condos for seven weeks.

Each week Temple, along with HGTV staples David Bromstad ("HGTV Design Star") and Scott McGillivray ("Income Property") will help guide the teams as they are responsible for designing, renovating and furnishing a different section of the condo.  First up -- the master bedroom.

Check out the sneak peek in the video above and catch "Flipping the Block" when it premieres Sunday, July 20 at 9 p.m. ET/PT in HGTV.
Photo/Video credit: HGTV