The Michael and Patty Real Estate Show

๐Ÿ  Realtor to English Dictionary Decoded ๐Ÿ“– Phoney Comparables, HST Surprises, Drywall-Filled "Solid Wood" Doors, Dropbox Scam Red Flags, Showing-Booking Blunders, Seamless Province-to-Province Moves & Why You Should Never Trust Survey Pins ๐Ÿ“

August 8, 2026ยท41 min
Episode Description from the Publisher

๐Ÿก What is your REALTORยฎ really saying? In this episode we open up the Realtor-to-English Dictionary and translate the sales talk, pricing games and listing tricks every buyer and seller needs to understand before signing anything. From inflated price expectations and phony comparables to real estate scams, HST surprises, hollow "solid wood" doors and survey pins you should never trust, this is the straight-talking, fact-based real estate advice Prince Edward Island buyers and sellers โ€” and anyone in any market โ€” can actually use. ๐ŸŽ™๏ธ Whether you're a first-time buyer, a seasoned seller, a cottage hunter or a mainland family planning an Island move, grab a coffee โ€” this one is loaded with practical tips, cautionary tales and plenty of laughs along the way. โ˜•๐Ÿ“‰ "It went up 30% in three years!" No, it didn't. We dig into one of the oldest tricks in the book: dragging in sales from other areas or completely different markets to prop up a vendor's wishful idea of price. A comparable is only comparable if it's actually comparable โ€” and we show you how to spot the difference between real market evidence and a number built to win a listing. ๐Ÿ’ฐโ˜Ž๏ธ Communication 101 for agents (and everyone else): when you text or call and leave a voicemail, include your name, what the call is about โ€” the more detail, the better โ€” plus your contact numbers and e-mail address for data sharing. It sounds basic, but you would be amazed at how many deals stall because nobody says who they are or what they want. ๐Ÿ“ฑ๐Ÿงพ Taxes, taxes, taxes: we unpack HST liability on vehicles, allowances for financing, and why declaring contents matters for capital gains. Remember โ€” commission is based on the sale price, and HST applies to commissions, legal fees and accounting fees too. Budget for the real numbers, not the brochure numbers. ๐Ÿ’ธ๐Ÿšช Solid wood doorsโ€ฆ filled with drywall? A safety door โ€” who knew? We share the story of a door that wasn't quite what it claimed to be, and why you should never confuse cement with solid wood. In real estate, always verify what things are actually made of. ๐Ÿ”จ๐Ÿ—บ๏ธ Before you book a showing, look at a map! Ask about the bank, the beach and the views before you drag a vendor through 24 hours of scrubbing and staging. Patty shares tales of new agents with no common sense booking showings on Highcliffe cottages that were never going to go through โ€” a little homework saves everyone a lot of heartache. ๐Ÿ–๏ธ๐Ÿšจ Scammer red flags: they won't talk on the phone, they have no voicemail, and then the Dropbox link arrives with PDF files loaded with viruses and Trojan horses. We walk through exactly how these real estate scams work and how to protect yourself, your data and your money. If an inquiry feels off, it probably is โ€” slow down and verify before you click anything. ๐Ÿ›ก๏ธ๐Ÿงณ Moving from another province or state? We can handle the transaction on both ends and make it a seamless transition โ€” from listing your current home to landing in your new one, with a warm Island welcome and a toast to your new house when you arrive. Relocating to Prince Edward Island has never been easier. ๐Ÿฅ‚๐Ÿ“ Are there survey pins on that building lot? Michael's honest answer: even if there are, he wouldn't trust them. We explain why a proper, up-to-date survey beats a rusty pin in the ground every single time โ€” especially before you build. Measure twice, build once. ๐Ÿ“๐ŸŽง Honest, funny and genuinely useful โ€” that's what we're about. Whether you're buying, selling, building or relocating to Prince Edward Island, this episode will help you cut through the jargon, dodge the scams and do it the smart way. Hit play, then like, follow and share the show with someone who's about to call a REALTORยฎ. ๐Ÿ“ฒ

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