Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!

Ever wonder what really goes on behind the scenes in real estate deals? 😳 This episode dives into the wild world of contracts, cameras, and chaos — with a good dose of insider wisdom and humour. From agents pushing legal shortcuts to buyers forgetting the basics, this one’s loaded with real-world stories and practical advice every homeowner, investor, or soon-to-be buyer needs to hear.

We’re spilling the truth about: 🍷 What happens if someone signs a contract under the influence — and how it could legally blow up later. 🏠 Why closing at the end of the month can be the worst move yo...

Buckle up, Island fans — this episode of The Michael and Patty Show pulls no punches! 🌊💥 Whether you’re buying, selling, or just surviving life (and marriage) in Prince Edward Island real estate, we’ve got a wild ride of stories and advice that’ll make you laugh, cringe, and think twice before your next deal.

🏡 We dive into the case of the “bad deed” — where a property hasn’t transacted in over 80 years! You’ll learn why it’s vital to confirm your title is valid before you get burned at closing.

🧳 We also cover why every seller should make a p...

Thinking of moving to Prince Edward Island or building your dream home here? 🏝️ Then this episode is packed with real-world advice, cautionary tales, and insider knowledge only decades of Island real estate can teach. From why you should never build a single-car garage 🚗 to how those innocent blue toilet tablets can quietly destroy your plumbing 💧— we cover it all, with our signature mix of humour, honesty, and expertise.

Join us as we dive into everything from hidden construction flaws that can rot a house from the inside out 🏚️, to how to find any property’s PID number in seconds 🔍, to why...

🔥 The truth about the fall real estate market — no fluff, no filters. This episode dives headfirst into the chaos, comedy, and cold reality of buying and selling homes as the season cools down, but the market heats up.

From “magical staging” myths and agents promising instant sales to sellers panicking after buying their next home, this one’s packed with insider stories, sharp advice, and the kind of honesty you won’t hear anywhere else.

🏠 We also break down what’s new on REALTOR.ca — including the big change where annual property taxes are now visible to buyers —...

Thinking of becoming a REALTOR® in Canada or curious about what they really earn? 💰 This episode of The Michael and Patty Show pulls back the curtain on the business of real estate in Prince Edward Island and across Canada.

We tackle common misconceptions about agent incomes, why over-pricing your home is a recipe for disaster, and why even the best marketing won’t save a listing priced way above market value 📉. We also reveal the REALTOR® Code of Ethics rules that forbid misleading AI-altered property photos — and why honesty in advertising matters more than ever.

From practic...

Buying or selling real estate in PEI isn’t just about finding the perfect property — it’s about avoiding costly mistakes. In this episode, we tackle some of the most common (and avoidable) pitfalls in the real estate world 🏡✨.

We start with a crucial reminder: always get work agreements in writing — no exceptions! Whether it’s renovations, landscaping, or repairs, a proper contract can save you endless headaches (and maybe even a lawsuit). If you’re unsure how to draft one, a lawyer is worth the investment — or at the very least, let technology like ChatGPT give you a head start.<...

🎙️ Should you trust a 19-year-old real estate agent? Can listing with the wrong agent actually scare away the right buyers? And what’s with all these stories about handymen moving into multimillion-dollar beach houses? 🏝️ This episode of The Michael and Patty Show dives deep into the fascinating, funny, and sometimes frustrating realities of today’s real estate market.

From shocking success stories of young agents closing 100 deals in a single year, to why the type of properties an agent lists determines the kind of buyers they attract, we’re pulling back the curtain on industry truths most people never tal...

We’ve hit triple digits! In this milestone episode, Michael and Patty celebrate 100 episodes of candid conversations about Prince Edward Island real estate and island life. From the latest 2025 market stats to the realities of overpriced listings and price reductions, they cut through the hype and share what’s really happening on PEI.

This episode dives into:

Looking for the inside scoop on Prince Edward Island real estate? 🏡 This episode uncovers the little-known truths, mistakes buyers make, and industry practices most people never hear about until it’s too late. If you’re moving to PEI, buying a vacation property, investing in land, or even curious about how the real estate market really works here, this one is for you.

First, we break down a surprising statistic: only 47% of property inquiries to real estate agents ever receive a reply. 📉 That means more than half of buyers are being ignored right from the start. We talk about...

🎙️ Curious about what homes in Prince Edward Island really cost compared to the rest of Canada? 🏡 This episode breaks down the numbers and dives into the real estate realities that buyers, sellers, and investors need to know. From the Home Price Index (HPI) to understanding median values, we give you the insider tools to make sense of PEI housing costs and how they stack up against other provinces.

📍 We’ll also tackle one of the biggest headaches in real estate: land without an address. Many buyers assume every property has a number on a mailbox, but unless there’s been...

Looking for the truth about Prince Edward Island real estate? 🏡 Whether you’re buying, selling, or just curious about the PEI property market, this episode pulls back the curtain on what’s really happening. From skyrocketing seller expectations to the realities of appealing property taxes, you’ll get insights only seasoned PEI REALTORS® can provide.

We break down why appealing your property taxes every year matters (and how to use IRAC), the thin cottage market in Western PEI where supply and demand don’t line up, and why some buyers think their property doubled in value overnight. 📉🌊

But that’s no...

🏡 Thinking about buying or selling real estate in Prince Edward Island? Don’t sign anything until you’ve listened to this episode of The Michael and Patty Show! We’re diving deep into the PEI property market with real stories, proven strategies, and the truth behind myths that cost buyers and sellers time and money. Whether you’re in Summerside, Charlottetown, “up west,” or anywhere on the Island, these tips could give you the edge you need.

Here’s what we cover in this must-hear episode:

✨ Why “up west” buyers who wait before making an offer are now losing ou...

In this jam-packed episode, Michael and Patty dish out no-nonsense advice and a few laughs as they tackle the gritty truths of PEI real estate! 🌊 Michael warns about the hidden risks of legacy subdivisions—spoiler alert: your "dream lot" might just end up under water 😬. Patty clears the air on whether you really have to call the name on that for sale sign (hint: you don’t🕵️‍♀️).

We get into the messy reality of contingent offers, bad listing photos, and why your agent may be silently seething as you leave them on “dot-dot-dot” read for two days 📱😑.

🏗️ Can you actually build...

👋 In this episode, we’re diving headfirst into the chaos that unfolds when vendors speak directly to buyers, how bad intel on MLS can ruin deals, and what REALLY needs to be done before listing a property—especially high-end waterfront. From a vendor scaring off a buyer with a $75,000 renovation estimate, to agents recycling ancient square footage numbers, to the eternal question of whether you should advertise a $2 million property in a horse magazine (seriously)—we’ve seen it all and we’re laying it bare.

🏠 This episode is stacked with eye-openers and the occasional facepalm:

🔇 Why vendors...

PEI Real Estate Cycles, Video Fails & the Price-Tag Illusion 💥📹💸

In this brutally honest episode of The Michael and Patty Show, we peel back the layers of the PEI real estate market 🏡—from seasonal pricing strategies 📈 to the death of vertical video 🤳 and the rise of raw, unpolished content that somehow still gets views 👀.

We’re breaking down why those 48-hour clauses ⏳ are often a trap with an overpriced carrot 🥕 dangling on the other end, and why marketing misfires 🎯 are often ignored by sellers expecting top dollar 💰.

Think you can price a commercial property without professional help? Think aga...

📊 June 2025 Market Stats – What’s hot, what’s not, and what it means for your property.

🏷️ Overpriced Homes – Can you speed up the sale when your “hope price” is out of touch with reality? Spoiler: the market always wins.

📝 Offer Rejections – Do you have to formally reject an offer? The answer might surprise you (and save everyone some grief).

🚗 Agent Appearance – What does your agent drive and wear—and does it matter? You bet your curb appeal it does.

📰 Magazine Ads – Are print ads worth it or just page fillers? We break down why some sellers want them...

📍 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:

⏱ What Actually Determines Time on Market

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-have credentials, negotiation skills, marketing firepower, local experience, YouTube reach, and why that friend-of-a-friend who just got licensed might not be your...

🛩️ 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 does it feel when someone emails asking about commission rates but doesn’t even leave a phone number? Like a slab of beef being auctioned off. We tackle why treating your agent like a bargain-bin pr...

🏠 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. Sound familiar? We're diving into the seller blind spots that make agents cry.

💥 Also in this episode:

💩 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 crucial legal steps (hello, IRAC and residency rules?).🗺️ Hidden Tourist Gem – Visiting PEI? Get your brochures at Founders’ Hall near the cruise ship terminal.👻 Vanishing Buyers – Why your great showing didn’t turn into an offer—and how to follow up.🚫 Stop Paying Cash (Espec...

🧨 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, listed at $1.2M seven years later. We ask: Is the income triple? Will it appraise? What are the actual sold comparables? And how does it stack up across provinces?

🚛 Moving Hack You Need to Know...

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 said that)

🏝️ Island slang for the uninitiated

⏱️ How long should you wait for an agent to reply? (Not 24 hours!)

🕵️‍♂️ Should agents disclose if they’re selling their...

🧠 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, and more.

💰 Appealing Your Property Tax Values – Because why pay a dime more than you have to?

🌳 Placing a Value on Land – It’s not Monopoly, and we’ll show you...

🎙️ 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 days. What honesty looks like now in the digital age.

🚗 Cars & Island Life – Plates, safeties, snow tires, service, brands and Island realities.

🔥 Heating Costs – Agents always ask...

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?" 📸 Just because we can doesn’t mean we should! We dig into listing best practices and how too many images might actually turn buyers off instead of attracting them.

We also explore the murky world of property value...

💰 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)

🌸 Spring Has Sprung! – Time to grab the 2025 Visitor's Guide 🌷📬

🚗 Where Are the Rental Cars? – The answer might surprise you... (19?) 🤨

⚖️ When Do Lawyers Get the File? – And do you really have to be there in person? ✍️💻

🌊 Live Coastal Erosion Updates – Yes, it’s a thing. And yes...

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 (For Sale By Owner) when no commission is posted—should you even bother?

➡️ What a “typical” house looks like on Prince Edward Island—from siding and fo...

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:

🔍 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 happens — and here’s what you need to know to protect yourself.

🐾 AI Is Now Finding Lost Pets?! Upload a photo and let artificial intelligence help reunite you with your furry friend.

🏃‍♂️ 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 interactive map reveals the locations of PEI’s sport and recreation facilities. A great resource if you’re planning to move here or just exploring!

💸 Seller Spen...

📝 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 triangle) might lead to bad pricing decisions.

💰 Patty shares how overpricing a listing can actually cause it to sell for less.<...

📈 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 legal!) ways to find out.

📸 Your buddy’s camera skills might not cut it—why hiring a professional photographer and videographer matters when listing.

🧹 Lis...

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 responsibility. Also, $500 for an inspection? Come on!

❄️ Where to Stay in Winter While House Hunting? – Seasonal rentals might be your best bet, but there are key things to know...

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 your listing pops! Market pricing, killer photos, pro videos, and an expert agent with thousands of transactions under their belt—because FSBO just won’t cut it.<...

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 Property Manager? Thinking of renting out your house? We’ll cover the must-ask questions before jumping into the world of property management. 🏠🔑

🔹 Are...

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 agents or just cashing in? 📉Non-resident pricing & tax evasion – Are some paying more than they should? 💲🇺🇸

If you're buying, selling, or just real estate curious, you won't want to miss this episode! 🔥

🎧 Available now on all major podcast platforms! Don't forget to subscribe/follow, give us a star rating, feedback an...

🏡 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 are the challenges? We discuss what buyers need to know.

🏠 Your Home Is Under Contract – Now What? Do we still show it? Do we keep advertising? Find out what happens behi...

✅ 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, when they don’t, and why clarity matters. ✍️

✅ Water tests – Don’t leave them until the last minute! 💦

✅ Home inspection clauses – What you MUST include to protect yourself. 🛠️

✅ Tourism numbers – What they me...

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 utilities are disconnected on time, and how to avoid last-minute surprises.Frozen Lockboxes in Winter: Be Prepared – A frozen lockbox can ruin your showing plans. We share tips on how to stay ahead and wh...