🗣️ "There's More Play With My Clients" – Who Is That Agent Representing? 💔 The Divorce Sale Where the Wife Changed Her Mind, Plywood Over a Destroyed Foundation 🐷💄Charlie Munger's Rule & Deposits With Offers 💰

🗣️💰 A buyer's agent phones the listing agent and says, "There's more play with my clients." Wait — who is that agent actually representing? Their buyers, or their own commission? 🤔 In this episode of straight-talking Prince Edward Island real estate advice, we unpack that phone call, a divorce sale that fell apart when the wife decided she didn't want to sell, plywood nailed over a completely destroyed foundation on a house back on the market as a pig with lipstick. Charlie Munger's rule for anyone starting out in real estate, and the Facebook group question everyone is asking: is it common to be asked for a deposit when you make an offer? Hit play — this one could save you thousands. 🎧🗣️ First, the phone call. "There's more play with my clients" is a sentence no buyer ever wants their own agent saying out loud to the other side. So who are you representing? Yourself, for a commission? We dig into what that comment does to a negotiation, why it hands the seller the upper hand, and whether this is simply a cultural difference in how some people negotiate — or a fiduciary problem dressed up as friendliness. Either way, if you're a buyer, you'll want to know what your agent is saying when you're not in the room. 🤐💔 Next, the divorce sale. A property goes up as the product of a divorce, an offer comes in, and then the wife decides she doesn't want to sell after all. This is exactly why Michael doesn't take divorces or estates. It's drama city, and no matter how professionally you behave, you will always be the enemy at closing. We talk honestly about what these files cost an agent, why the emotional temperature matters more than the price, and what buyers should understand before making an offer on a property with two sellers who can't agree. ⚖️🐷💄 Then the pig with lipstick. An old house, obviously suffering from years of deferred maintenance, is back on the market with fresh plywood covering the outside of a completely destroyed foundation. The paint is new. The problem isn't. Our advice before you fall in love with a "renovated" listing: check the previous listings and photos, pull up Google Street View and scroll back through the years, and ask the neighbours — they always know what really happened. 🔍🏚️📈 Then Michael's two lessons from starting in real estate: do the opposite of what most agents do, and don't waste your time on unproductive, non-profitable activities. And if you're a client, be honest with your agent — it saves everyone money. The same thinking applies to any deal: read the financials from the last pages first, and make a list of the reasons a business will fail rather than succeed. Just like Charlie Munger. Invert, always invert. 🧠💰 Finally, from the Facebook group: is it common to be asked for a deposit when making an offer on a house? Short answer — yes, and we explain how deposits work in PEI, how much is typical, where the money sits while the deal is open, what happens if your conditions aren't met, and when you get it back. 🏦🤝 Buying or selling on Prince Edward Island or anywhere in the Maritimes? Call Patty and I for honest answers, real data and our full referral network. Then like, follow, share and send us your real estate questions — we read every one. 📲✨