The Michael and Patty Real Estate Show

📍 The Truth About Time on Market, Dual Agency, Backup Offers & Bizarre Showings on PEI “How long will my property be on the market?” It’s the million-dollar question—and this episode doesn’t just answer it, we blow the doors wide open on what really impacts your selling timeline and the messy, hilarious, and sometimes shady side of the real estate world. 💥 In this tell-all episode, we cover:...

How to Choose a PEI Real Estate Agent to Sell Your Home for Top Dollar, in Less Time, with No Hassle Thinking about selling your home in Prince Edward Island? Before you sign with just any agent, you’ll want to hear this. In this episode, we break down exactly what to look for when hiring a real estate agent in PEI—especially if you’re selling a higher-end property. We’re talking red flags, must-h...

🛩️ DRONES & DECEPTION Michael shares his aerial photo journey, from his first drone flights back in 2013 (including a REM magazine cover) to tens of thousands of shots taken from a Cessna. But here's the kicker—more isn’t always better. Sometimes, one killer photo does more than 50 mediocre ones. So why are so many listings still botched with bad imagery? 📉 PRICE SHOPPERS & GHOSTS How doe...

🏠 First up: 13 Things You Should NEVER Have in Your Home When Selling Clutter, pet smells, political stuff, junk piles, broken faucets, questionable decor choices—we’re calling it all out. Want your home to sell faster (and for more 💰)? Start here. 📸 Then: Why Overpriced Sellers Ignore the Obvious Terrible listing photos, dead grass, vertical shots, and one poor dog showing up in every frame. S...

💩 Write Your Septic Clause Right – How to avoid getting stuck with a bad tank and a worse bill. 🧠 Creating Your Own Market – When one buyer overpays and the domino effect creates a brand new (possibly inflated) real estate reality. 💸 Commission Kickbacks – The truth about buyer agents refunding commission to clients… and what the data says. 🏗️ Rogue Contracts – Why some new agents are skipping...

🧨 Michael's Story of the Deal That Died at the Curb – After back-and-forth negotiations, the buyers drove by and ghosted. Time wasted. Agents annoyed. Vendors frustrated. We break down what happened and why follow-through matters. 📉 What's the REAL Success Rate for Real Estate Agents? Spoiler: it’s not as glamorous as HGTV makes it look. 💼 Commercial Property Dream or Delusion? Bought at $405K,...

From UK buyers adjusting to island prices 🇬🇧➡️🇨🇦, to Ontarians acting like they’re calling the shots from the centre of the universe 🌍, we’re not holding back. What’s inside: 🎯 PEI’s two markets—emotional buys vs. utility buyers 🚪 Why sellers should not be home during showings (seriously) 🪧 The mystery of the “SOLD” sign—is it really sold? 📱 Weirdest texts REALTORS get (yes, someone really sa...

🧠 Using Chatgpt to Analyze Maps – Yes, AI is coming for your maps too. Here's how to make it your secret weapon. 🏡 Seniors Downsizing Drama – When you’re told who you “have to” list with... and why you should raise an eyebrow (or two). 📜 Restrictive and Protective Covenants – The fine print that can kill your dream home or business plan. We’re talking minimum sizes, seasonal rentals, HOA fees,...

🎙️ Where’s the Best Corner of PEI to Live? 🏝️🏘️ Real Talk on Real Estate & Island Life! In this jam-packed episode, we tackle a listener question from Sue: Which part of Prince Edward Island is the best to call home? 🧭 (Spoiler: it depends on your love for remote beaches 🏖️ or city buzz 🏙️.) Then, we dive into this week’s hot topics: 🤖 AI & Full Disclosure – We’re way past the Photoshop...

We kick things off with a hot topic: IRAC’s updated regulations 🧾 around approving residential property purchases in municipalities — especially as they relate to the federal government’s 2023 move to ban certain non-Canadians from buying residential property 🛑. What does that really mean for buyers and sellers on the Island? Next, we ask the question: "Do we really need 50 listing photos?" 📸 J...

💰 FINTRAC Fumbles? We dig into the stats 🕵️‍♂️ – $120M later, how many money launderers were actually caught? 🤔 📝 Danger Zone: Adding Docs to Your P&S Agreement – Authenticity overload! 🧾📸🏡 ❄️🏡 Winterize That Cottage? – What to ask before making it a year-round retreat 🛷🧤 🌐 Creeping Your Agent – Why checking their online game 🎥💬📱 matters (and yes, we Googled them for you) 🌸 Sprin...

In this packed episode of The Michael and Patty Show , we’re pulling back the curtain on some of the real estate industry’s most misunderstood topics—starting with the real reason open houses happen (hint: it's not always to sell the home 🏡). Are they just lead generation events in disguise? A way to appease sellers? Or can they still work in today’s market? We also dive into: ➡️ Showing FSBOs (F...

This episode dives deep into the nitty-gritty of what agents really need to know. From surviving low-commission brokerages to knowing when to run from a “virtual office” setup, we’re talking about the red flags that can sink your career before it starts. 🔎 Topics We Cover: 💸 Brokerage Commission Splits – Why generous splits matter, and why joining a broke firm is a fast track to the unemployment...

🔍 Days on Market – The Lies Behind the Numbers We peel back the curtain on MLS history, relisting tricks, and how those seemingly innocent numbers can be very misleading. 🚿 Can Your Well Handle a Mansion? Thinking about building an 8 or 9-bedroom home? We talk flow rates, recovery, pressure tanks, and how seasonal water levels impact supply. 👀 Buying a Property Subject to Viewing Yes, it happen...

🏃‍♂️ Buyer in a Panic! One eager buyer sold their house and forgot to plan the next move. Now they’re glued to REALTOR.ca 24/7. We talk about why having a proper search setup—and a roof over your head—matters. 📍 Another Islander Thanks to Our Podcast! Patty shares a heartwarming story about meeting a listener who felt confident buying in PEI because of this very show. 🥰 🗺️ New Map Alert! A new...

📝 Why having your will and power of attorney in place is essential—especially when it comes to property transactions. 📍 Selling a farm? Do you really need a survey or plot plan? We dig into when it matters and when it might not. 🐞 Bugs in the winter? Yep—it’s a thing, and we talk about what to watch for in your home. 📊 Why comparing properties from Area C to Area A (like inside the tourist tri...

📈 February’s real estate stats are in—how’s the market looking on PEI and across Canada? 💰 CREA’s proposing a $75 special assessment to cover legal fees. Are lawsuits becoming the norm in real estate? 🏠 Got a house? Here’s your maintenance reminder list—from heat pumps to gutters and generators. 👀 Ever see a vacant property and wonder if the owner might sell? We’ll share a few sneaky (and lega...

In this episode of The Michael and Patty Show , we’re tackling some of the wildest real estate challenges head-on! From septic tank inspectors with a bad attitude to why changing your building plans will drain your wallet, we’ve got it all covered. 💰💩 🔥 Here’s what we’re diving into: 🚽 Septic Tank Drama – Sellers have the right to inspect their tank, and no, it’s NOT automatically the buyer’s...

Spring is here, and that means it’s time to hit the (clay) roads and check out properties! But are you ready to make an offer that actually sticks? In this episode of The Michael and Patty Show , we dive into: ✅ Springtime Property Tours – The good, the bad, and the muddy adventures of house hunting on PEI’s iconic clay roads. ✅ The 48-Hour Offer Strategy – If you're making a move, make sure you...

In this episode of The Michael and Patty Show , we dive into some of the biggest missteps buyers and sellers make when they try to go it alone in real estate. From buyers thinking they’re saving money by bypassing an agent—only to discover they’ve bought a sold property—to sellers who believe they know best when it comes to pricing and marketing, we’ve seen it all! 🤦‍♂️💸 🔹 So You Want to Be a P...

Multiple offers – Do you legally have to inform agents? 🤔 Inherited property – Sell, rent, or keep? What are your options? 🏠💰 Lawyers & inspectors – Why cutting corners can cost you big. 💸 Storage nightmares – Mold, rodents, and the hidden dangers of long-term storage. 🚗🛋️ Bad advice – Why AskPEI isn't your best bet for finding home pros. 🚧 Broker accountability – Are they training agent...

🏡 January Market Stats Are In! 📊 What’s happening in PEI real estate this year? We break down the latest numbers! 📩 Listener Question: Why Don’t New Builds Have Basements? Cody emailed us asking if builders are cutting corners or if basements just don’t work well on the Island. We dig into the practical reasons behind this trend! 💰 Moving Money from India to Canada 🇮🇳➡️🇨🇦 Is it difficult? What...

✅ Winter septic freezing – Simple tricks to prevent an icy disaster! ❄️ ✅ Filling up oil & propane tanks – Do sellers need to top them off? ⛽ ✅ Lowball offers – If you're going in low, here’s how to make it count! 📉 ✅ Ill-advised buyers in multiples – Rookie agents, beware of bad advice! 🚩 ✅ Verbal acceptances – Why they’re a ticking time bomb. 💣 ✅ Handwritten offers – When they work...

Odd Thermostat Placement & No Heat in Back Rooms – Is your home ready for the cold months? We discuss common thermostat placement issues and how they affect comfort in the colder months. Where’s My Money After Selling? – A crucial question that every seller asks. We break down the process of getting your funds after a sale closes. Disconnects When Selling a House – Why it’s vital to ensure uti...

🔎 Why are agents using sales data from all over the island to price properties? 🏡 Can you turn your den or office into a fourth bedroom to increase visibility in searches? ⏳ The realities of selling property in PEI—especially land—and how long it might take. 💰 Do subdivision owners need to share financials when there’s no HOA in place? 📊 Buying a duplex to have tenants pay off your mortgage:...