The Michael and Patty Real Estate Show

🏑 The Listing Mistakes Costing PEI Sellers Hundreds of Thousands πŸ’Έ Pricing Games, Agent Conflicts & the Commission Discount Trap β€” Plus Jeep Roads & Island Laughs πŸš™

August 1, 2026Β·46 min
Episode Description from the Publisher

🏑 Thinking of selling your home on Prince Edward Island β€” or anywhere else? Before you sign a listing agreement, listen to this. In this episode, we pull back the curtain on the real estate pricing games, the agents you should never list with, how to value your home properly, and the costly "favours" that quietly cost sellers hundreds of thousands of dollars. πŸ’° Whether you're a homeowner, a first-time seller, a mainland buyer eyeing an Island move, or you simply love straight-talking real estate advice, this one is packed with practical, fact-based guidance you can actually use before you list. πŸŽ™οΈπŸ“‰ Priced out of thin air: We tackle a hard truth β€” far too many agents still walk into a home they have never seen, quote a price out of thin air, and turn up with no real plan to market your property. These are the agents you do not list with. As we like to say, "BS baffles brains," and an optimistic, salesy number is not the same thing as an accurate one. Add in the "we went to pre-school together" and "my wife likes him" factor, and it is dangerously easy to hand your biggest asset to the wrong person. AI suggests home valuations can be off by anywhere from 5 to 20% β€” often leaning to the high side β€” which is exactly why we tell sellers to get a proper, independent appraisal before they commit to a price. πŸ“Šβš οΈ Conflict of interest, real money lost: Tourists and buyers are already touring homes this season and leaning on the listing agent to represent them β€” and that is a genuine conflict of interest. A home that was on the market a couple of years ago may be nowhere near today's value, and an agent who "double ends" a deal can leave you hundreds of thousands of dollars poorer, simply because you didn't do your own research and you liked the agent. The fix is simple: do your homework and get your own dedicated representation. πŸ”‘πŸ’Έ The commission "discount" trap: "I paid too much for my house, and I'm losing money, so I want the commission discounted when I list." We hear it all the time β€” and we explain why it is usually penny-wise and pound-foolish. Low commissions get ignored by agents, are often followed by big price reductions, and may not sit well with your broker, which is why companies should set clear policies around discounting. Here's the kicker: if an agent can't even negotiate their own commission, how hard do you think they'll fight for the best price on your home? That is a weakness right out of the gate, and it often signals no real negotiating education or credentials behind them. πŸ€πŸ˜‚ Plus a few Island laughs: We also have some fun. Want to stop friends borrowing your pickup truck every moving weekend? Send their furniture and appliances through a car wash. πŸš› We get into PEI culture shock β€” Islanders slamming on the brakes the moment they spot a speed limit sign πŸš— β€” and we celebrate one of the Island's best-kept secrets: bring your Jeep and explore the historic Scenic Heritage Roads. PEI has 11 officially designated Scenic Heritage Roads (some historical counts say 16), preserved red clay lanes protected from paving, heavy logging, and winter plowing to keep that timeless 18th-century countryside charm. πŸŒΎπŸ“© Want more information on a specific MLS listing, a straight answer on what your home is really worth, or a second opinion before you sign anything? Reach out and we will happily send it over β€” honest guidance from people who do this every day. 🏘️🎧 Honest, funny, and genuinely useful β€” that is what we are about. If you are house-hunting, thinking of selling, or relocating to Prince Edward Island, this is the conversation to have first. Hit play, and do it the smart way. πŸ“² Like, follow, and share the show with someone who is about to list their home.

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