Shows
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!How to Choose the Right PEI Real Estate Agent to Sell Your HomeHow to Choose a PEI Real Estate Agent to Sell Your Home for Top Dollar, in Less Time, with No HassleThinking 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...2025-07-1942 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Drones, Discounts & Drama: Real Estate Truth Bombs🛩️ 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...2025-07-1245 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!13 Things to Ditch Before You List – And Other Real Estate Eye-Openers🏠 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:🔥 "Lease or Leave It?" – Don’t let a propane tank wreck your deal🌿 Wetlands Alert! – PEI has...2025-07-0543 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Septic Surprises, Vanishing Buyers & Real Estate Reality Checks💩 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...2025-06-2842 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Deals Gone Cold, Smoky Houses, and Garage Door Gizmos🧨 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...2025-06-2150 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!COVID Pricing, Island Slang, and Showings Gone Wrong 😬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...2025-06-1453 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!ChatGPT, Property Taxes, and Covenant Traps: A Field Guide 🚀🗺️🧠 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...2025-06-0736 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🧭 PEI’s Best Corners, AI Photos & Real Estate Secrets 📸🎙️ 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...2025-05-3140 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏠 IRAC Rules, Too Many Photos 📸, Property Values 💰 & Real Estate Then vs Now 🕰️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...2025-05-2438 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🕵️♂️ Money Laundering Stats, Online Agent Stalking & Spring in PEI 🌸📊💰 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...2025-05-1737 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!North vs. South Shore 🧭 | FSBOs, PEI Homes & U.S. Buyers ExplainedIn 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...2025-05-1037 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Broke Brokerages, Bad Rentals & Buyer Beware: Real Estate Red Flags 🚩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 line. We pull back the curtain on broker stats, admin training, and smoke-and-mirrors branding promises.🌍 Google Earth Desktop Pro – How this underrated tool can change your property perspective and make you a location expe...2025-05-0336 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!The Truth About Days on Market, FSBO Fibs, AI Lost Pets & More! 🏡💬🔍 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.2025-04-2631 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Homeless Buyers, Informed Listeners, and Waterfront Woes! 🏡🌊🏃♂️ 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...2025-04-1934 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Wills, Surveys, Overpricing, Dirty Homes, and Other Real Estate Mistakes to Avoid📝 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.2025-04-1237 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!CREA Lawsuit Fee, Market Stats, Bad Photos, Tenant Trouble & Lead Pipe Fails📈 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...2025-04-0536 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Real Estate Truth Bombs 💣 – Septic Shenanigans, Winter Stays & Mortgage Mayhem! 🏡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...2025-03-2927 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🚗 Spring Property Hunting & Buyer Mistakes You MUST Avoid! 🏡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.2025-03-2237 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎙️ PENNYWISE AND POUND FOOLISH: Real Estate Fails & Lessons Learned 🏡💰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...2025-03-1538 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎙️ Real Estate Truth Bombs: Offers, Inheritance & Avoiding Costly MistakesMultiple 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...2025-03-0834 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 **Basements, Buyer Paperwork & PEI Real Estate Myths!** 📊💰🏡 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...2025-03-0136 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🔥 Winter, Offers & Real Estate Blunders – What You Need to Know! ❄️🏡✅ 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...2025-02-2235 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Winter Woes, Inspections & Selling Secrets: Navigating Common Real Estate Hiccups 🏡❄️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...2025-02-1534 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!PEI Real Estate Uncovered: Pricing, Property Tips & Insider Secrets 🏡💡🔎 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: Make sure you do the math!📅 The importance of scheduling lawyer appointments before you come to the island—and why waiting around isn’t a gr...2025-02-0834 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Real Estate Deep Dive 🌊 | December Stats, Million-Dollar Expectations & Negotiating Smarts 💼1️⃣ December 2024 Stats: A breakdown of the latest market numbers. 📈2️⃣ Member Stats – Attrition or Churn: What’s happening with REALTOR® membership? 🤔3️⃣ Cottage Subdivision Fees: HOA or no HOA? Who foots the bill for maintenance? 🛠️4️⃣ The Executive Home Debate: Is “executive style” just code for overpriced? 🏘️5️⃣ Licensing Rules in PEI: Can out-of-province REALTORS® show homes here? The rules explained! 🚪6️⃣ $1M Home Expectations: Vinyl siding or granite countertops? Here’s what your money buys in PEI. 💎7️⃣ Commissions & Offers: What happens when the property sells at full price? 💰8️⃣ Negotiation Tactics: Use "stuff" (but not personal stuff) to sweeten the deal. 🎁2025-02-0134 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎙️ What NOT to Buy: Insider Agent Secrets for PEI Real Estate 🏡🚫🚨 Learn about wind damage, septic issues, mould risks, electrical setups, and so much more!Discover how to:✅ Work with a buyer’s agent and set up a real-time search.✅ Evaluate homes for resale value, structural integrity, and location challenges.✅ Navigate unique PEI regulations, HOA fees, and property boundaries.Whether you're a first-time homebuyer, an investor, or just curious about PEI real estate, this episode is your ultimate home-buying checklist. Don’t risk buying a house with hidden problems—tune in for expert secrets and actionable advice! 🎧🏠Perfect for anyone dreaming o...2025-01-2553 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎙️ "PEI Real Estate Secrets: New Listings, No Money Down, & Must-Know Tips!" 🏡✨1️⃣ New Listings: Are They Really "New"? 🏘️ December sees many listings expire—learn why listing now (with no competition and great weather!) is a smart move. 🌞2️⃣ Buy Real Estate with No Money Down 💰 Yes, it's possible! We've done it, and we're sharing how you can too. 🗝️3️⃣ Agency Disclosure: Do You Need to Sign It? ✍️ Think you don't need to sign agency forms? Think again! Here's what the law actually requires and why PEI's licensing needs a revamp. 📜4️⃣ What Features Sell a Home (and What Don't) 🏠 Highlight the right features and avoid common pitfalls. Pro tip: trust your REALTOR®'s advice! 🌟5...2025-01-1837 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Real Estate Secrets: Showings, Financing, and Flawless Closings 💸✨✅ Why clearing snow from your driveway could save you headaches (and meet your insurance requirements!) ❄️🚗💧 The importance of water tests, septic upkeep, and handling vacant homes (say goodbye to flies! 🪰➡️🗑️).💸 Bridging financing: What you need to know when selling AND buying simultaneously 🏠🔄🏡.Plus, we tackle burning questions like:📜 Who can purchase more than 5 acres in PEI, and what does "not identified by IRAC" mean?🤔⏳ What does the length of a showing really tell you about a property? 🕒💡🔍 Should you get a (pre)home inspection, even in winter? 🛠️❄️We’ll also explore professional dilemmas:📊 Residen...2025-01-1142 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Secrets, Scams, and Success in Real Estate: What Every Buyer, Seller, and Developer Needs to Know!🏡 Why some developers skip MLS (hint: capital gains).📧 Listener-requested tips on crafting newsletter titles.💻 Powerhouse Patty’s hacked website – lessons on cybersecurity.📋 The emotional edge: How sellers can use their favourite property features to attract buyers.📞 Why REALTORS® might not answer your calls and how to connect effectively.🔄 The risks of recycling old listing info.📪 Postal code mix-ups: When out-of-province insurers leave you high and dry.🔍 Home inspection timelines – avoid last-minute regrets. 🔩 Steel roofs: Pros, cons, and those pesky gutters.✍️ Decoding cryptic clauses in purchase and sale agreements. 💬 Why...2025-01-0442 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!PEI Real Estate Pro Tips: Avoid Costly Mistakes & Set Yourself Up for Success 🌊🏡📄 Be Prepared: What to bring, documents to prepare, and the importance of having the right people with you when viewing properties (only for approved buyers, of course).⚠️ Paperwork Pitfalls: The dangers of bad paperwork, misaligned dates, and why verbal agreements—even recorded ones—are a no-go.📞 Agent Etiquette: Represented? Don’t contact the other party’s agent directly—learn why this is crucial.🚨 Red Flags: How criminal activity, IRAC rejections, and social media searches can derail your closing.📪 Postal Code Problems: Did you know something as small as an incorrect postal code can stop a deal in it...2024-12-2843 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!From Leased Cameras to Forever Homes: Navigating PEI Real Estate Trends 🏡📉📷 Leased Cameras on Houses: Why it's critical to disclose leased camera systems before closing day.🤔 What Does 'Buyer Wants' Really Mean? Breaking down this uncommon term in purchase agreements.📰 Newsletters Worth Subscribing To: Discover insights from PEIPLAY.COM and PEI government updates.🏖️ CMA Challenges for Cottages: Pricing is all over the map—here’s how to make sense of it.🚪 Excitement for Listings: Why loving new properties is a must for listing agents (and when it’s time to reconsider your focus).💳 REALTOR.ca’s Mortgage Pre-Approval Pilot: What it means for buyers and agents.📜 Contracts are Binding: Why signing means committing—no take-backs...2024-12-2139 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Tenant Challenges, Hidden Driveways, and Tech Tools! 🏡📱📜 Selling Homes with Tenants: The pros and cons of selling a property that’s tenant-occupied and how it impacts your sale.🛋️ What Stays and What Goes: Why clear descriptions of included items are crucial when selling a home.💰 How Agents Get Paid: A breakdown of real estate commissions and how to navigate the process transparently.🎓 Choosing the Right Agent: The educational credentials and qualities to look for when hiring a REALTOR®.📑 Real Estate Deposits: Should buyers ever hold back deposits to avoid binding contracts? We discuss the ethics and risks.🌍 Ditching Address...2024-12-1435 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Winter-Ready Cottages, Coastal Erosion & Real Estate Insights 🏡🌊🏘️ Cottage Subdivisions in Winter: What happens when the water supply is turned off and roads are closed? Can you take matters into your own hands by installing a private well or plowing the roads yourself?🌊 Coastal Erosion Reports: Should sellers disclose these reports for waterfront properties? What you need to know to protect your investment.🛠️ Foundation Types: Slab, poured concrete, or ICF—what’s best for your build or purchase?💧 Perc Tests Explained: Learn how percolation tests affect building on vacant lots and acreage.🛠️ Tool Tip of the Week: A must-have app for keeping track of...2024-12-0737 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Industry Turmoil, FINTRAC, Agent Education & Safety 🏡💼Industry Insights: Membership updates and how turmoil is reshaping the industry.Training Matters: Why you should ensure your agent has the right credentials, experience, and training.Funny Story: Patty shares an unforgettable story of a buyer learning from our podcast—proof that knowledge is power!Safety First: Tips to protect yourself as a real estate agent or client in every transaction.Debunking Silly Ideas: Should you “wait until spring” to list? We tackle common myths and bad advice.FSBO Fails: Learn what went wrong in a for-sale-by-owner deal and how to avoid those mistakes.No For-Sale Signs? Why using REALTOR.ca and...2024-11-3038 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!One Year of Real Estate Insights – Reverse Mortgages to Closing Deals! 🏡📊 October 2024 Sales Stats – Get the latest numbers and trends shaping the PEI market.🏡 Reverse Mortgages Unpacked – Is it the right option for you? We break down the pros and cons.🛡️ Insurance Musts Until Closing – Why keeping your property insured until the deal closes is essential.📜 Closing a Transaction – From offers to final steps, here’s what goes on behind the scenes to get the deal done.🛑 When to Walk Away – Do agents ever advise buyers not to proceed with a purchase? Yes, and here’s why.💸 Overpriced Listings – What’s the reality of listing a property th...2024-11-2337 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🔑 Buyer’s Agreements, Deposits & GeoLink Accuracy 🌍 | Showings 101: Safety, Features & Agent Tips 🏡 | Selling from the USA 🌎 | PEI Relocation & Building Lot Rules 🏗️ | Capital Gains & CRA Withholdings 💸In this episode of The Michael and Patty Show, we're tackling essential topics for buyers and sellers in the Prince Edward Island real estate market. We dive into why a buyer's agreement is crucial for purchasers and the importance of deposits in sealing the deal. Curious about GeoLink Maps? We’ll discuss their accuracy for determining acreage and attaching one to an offer.Safety is top priority when preparing for showings: we'll share tips on securing valuables, hiding sensitive documents, and ensuring the property is locked up post-showing. Is leaving agents’ business cards for future showings a good...2024-11-1635 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Real Estate Realities – What Matters When It Matters 🏠📅 Improper Dates on Contracts – It doesn’t matter, until it does.🗣️ Verbal Contracts – Are they really legally binding in real estate?🔍 Windows: Replace or Not? – What you think needs replacing might not.📸 Less is More – The surprising power of curated pictures and video.💸 Price History Problems – Can CREA delete the history that’s working against you?📉 Lowball Offers – How DDF data and multiple agent listings mislead buyers.💰 Buyers' Closing Costs Breakdown – Land transfer tax, IRAC, lawyer fees, utility deposits, and more!🎭 Showings and Staging – Is your buyer's agent secretly a stager?📲...2024-11-0940 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎯 Sight-Unseen Offers, Tax Sale Secrets, and Avoiding Costly Mistakes in PEI Real Estate🚶♂️ Offer Before You Fly – Can buyers from 4,000 km away really secure a deal with offers subject to viewing?🏠 Tax Sales: Hidden Gems or Risky Business? – What you need to know about auctions, excess funds, and finding value in tax sales.💸 The Overpricing Trap – Why homes listed above market value eventually sell close to market anyway—and how waiting it out wastes time.📑 Read the Fine Print! – Why failing to review emails, offers, and amendments could cost you big time.🔥 Heating with Oil on PEI – Get the scoop on average heating costs in PEI homes.🔎 Find the Ri...2024-11-0235 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Condo Docs, Counteroffers, RV Permits, and Open House Truths 🏢📜🚐🏡In this episode, we explore the ins and outs of condominium ownership, from understanding documentation to managing finances and reserve funds. We tackle the question of whether you should always counteroffer on real estate offers and the potential impact of each decision. We'll also discuss the latest requirements for RVs on vacant lots in Prince Edward Island and the need for building permits. For those considering a commercial business venture from home, we break down the importance of restrictive and protective covenants. We emphasize the critical step of securing financing before house hunting to ensure you're a pre-approved buyer...2024-10-2634 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Land Listings, Seasonal Selling, MLS® Secrets, and Becoming a PEI Real Estate Pro 🏡📸💰In this episode, we dive into the strategies that can make a land or lot listing more appealing to buyers, exploring the essential documents, photos, and videos that enhance its marketability and what buyers should be on the lookout for. We also discuss the journey to becoming a real estate agent in Prince Edward Island, providing valuable insights into the requirements and process. With the changing seasons, we consider the pros and cons of taking your house off the market in the fall and the potential benefits of selling from fall to spring, including how this timing can be...2024-10-1934 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Subdivision Secrets, ⚡ Electricity Check, 📈 Negotiation Tips, 🛋️ Staging vs DIY, 🚧 Building Permits, 🏢 Rezoning Headaches, 🛎️ Listing Agent’s Role, 📝 MLS Descriptions, 🎯 Sign Meanings, and 📅 Spring Marketing Prep!Selling residential lot subdivisions: What you need to know about capital gains, HST, restrictive covenants, and tax strategies.Should you trust a building permit for the long term? We discuss the risks.Why homeowners shouldn't stage their own homes: the value of hiring a professional stager.Never take the owner's word for it—verify that the electricity is actually on-site! ⚡️What do "Sold" and "New Price" signs really mean in the market?How patience can pay off: Buyers adding $5,000-$10,000 just because they got a little impatient. ⏳Selling residential houses in commercial zones: Navigating rezoning and pricing complications.Remember, your listing...2024-10-1237 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🚨 New Agents, No Training, Walking Properties Without Permission, House Insurance, Bad Photos, Fixtures, Permits & More! 🏡📷🔧In this episode, we dive into some of the key issues facing today's real estate market. Are new agents hitting the ground running—or stumbling due to a lack of proper training? We explore how the growing number of agents during boom times leads to untrained professionals in the field. We’ll also discuss essential homebuying tips, like why house insurance is a must when securing a mortgage and how important it is to avoid walking properties without permission—especially when it comes to protecting septic fields.Buyers beware! Driving over a septic field can cause damage, and tr...2024-10-0539 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Overpriced by 400%? 🤔 Signage Struggles & Reverse Auctions 🚩 | Real Estate InsightsEver wonder what happens when a property is overpriced by 400% or how to handle signage in the middle of nowhere? On this episode, we’re diving into the unique challenges of selling land and why it often takes time to find the right buyer. We’ll also explore the world of reverse real estate auctions for those tricky-to-price properties, and discuss why agents need to check showing instructions carefully. Plus, we’re offering tips on leaving tradespeople's contacts for services like snow removal and lawn care when selling. Lastly, get the lowdown on IRAC non-development identification (irac.pe.ca) and it...2024-09-2832 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!📉 The Price Pin Dilemma & Real Estate Realities 🤔💼In this episode, Michael and Patty dive into some of the most frustrating and misunderstood aspects of the real estate world. From the infamous "price pin" sellers set (and why it’s so hard to lower it!) to the often heated debate around price reductions, we’re breaking it all down. We’ll also discuss:The crucial details that can make or break a deal: MLS cut sheets, property taxes, water, and septic considerations—especially when financing is on the line.Why some agents pull numbers out of thin air to secure a listing—and how you can avoid gett...2024-09-2140 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Lockboxes, Bugs, CRA Declarations, Investors, Water Supply and Escalating Clauses 🏠🔐🐜📈Ever handed over a lockbox code to a client? We explore the pros and cons of this controversial practice and discuss the elusive "miracle agent" who always seems to close the deal. 🏆Plus, we delve into the tricky business of declaring the value of cottage contents and why community water systems can be more of a hassle than they're worth—from mortgage issues and management woes to the importance of thorough water testing. 🚰If you've ever wondered about those creepy crawlies that invade properties (bugs, bugs, and more bugs!) or received vague texts like, "I am looki...2024-09-1437 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!📜 What You Need to Know to Write an Offer on a Property (Real Estate) in Prince Edward Island 🏡In this episode, we dive into the essential elements of writing an offer on a property in Prince Edward Island. We'll cover everything you need to know to ensure your offer is clear, comprehensive, and competitive. We'll discuss the importance of providing full legal names and contact information, including the necessity of individual email addresses and copies of your driver's licenses. You'll learn about the key details to include, such as the property address, proposed purchase price, and whether HST applies to your offer. We'll explain the significance of a good faith deposit, suggest preferred closing dates, and guide...2024-09-0737 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Navigating PEI Real Estate: Preapproved Lots, Miscommunication, and IRAC Challenges 🚧In this episode of The Michael and Patty Show: Living in Prince Edward Island, we dive deep into the complexities and nuances of the PEI real estate market. Join us as we discuss the critical importance of preapproved build lots—are they really preapproved? 🏡 We'll tackle the challenges of last-minute showings, especially when dealing with tourists, and how the ShowingTime program can streamline your process. ⏰We also explore recent controversies, including how the Prince Edward Island Government is using Hurricane Fiona as a reason to delay issuing building permits 🌪️, and the frustration of receiving “blind” offers with no input from th...2024-08-3132 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🎙️ The Michael and Patty Show: Living in Prince Edward Island 🏡 | Costs, Legal Fees 💼, Title Insurance 📜, and PEI Real Estate Insights 📈**Join Michael Poczynek and Powerhouse Patty as they dive into the essential aspects of buying and selling residential property in Prince Edward Island, Canada. In this episode, we break down the costs and considerations for both buyers and sellers, including legal fees 💼, title insurance 📜, deed registration, and land transfer tax. We'll explore the importance of surveys and plot plans 🗺️ in validating deeds, the process of title searches 🔍, and what happens if you buy in a sub-division that was not previously approved 🚧.Get insights into the role of lawyers in real estate transactions ⚖️, the intricacies of commission rates 💰, and the nuances of mortg...2024-08-2437 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🚧 Tackling Fix-It Lists, Tradespeople Shortages, and Connectivity Issues in PEI 🚧In this episode, Michael and Patty tackle the myriad of challenges facing real estate in Prince Edward Island. From navigating offers with numerous conditions and frivolous requirements to dealing with silly fix-it lists from home sellers, they cover it all. Discover the difficulties of finding reliable tradespeople for small jobs and the frustration of restoration companies charging for inspections and quotes.They also discuss the complexities of including necessary documents in a purchase and sale agreement and the pitfalls of companies from other provinces acting as middlemen, charging fees just to provide repair estimates.Furthermore...2024-08-1735 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!💧 Water Tests & Community Insights, 🏡 Showings & Golf Games, 🏞️ HST (Tax), 🏘️ Creating a Sub-division, ⏳ Long Time SellingIn this episode of "Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!", we dive into the intricacies of water tests and community water systems, essential for any informed property buyer. Discover the art of setting up showings around your golf game and the pitfalls of buyers seeking entertainment rather than serious property evaluations. We explore the crucial role of the Island Regulatory and Appeals Commission (IRAC) in determining water frontage and understanding environmental buffer zones around swamp land. Unpack the implications of the Harmonized Sales Tax (HST) on land, seasonal rentals, and Ai...2024-08-1029 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 A Week in a REALTOR's® Life: From Photos to Contracts 📸📸 Real Estate Photography Woes: Dealing with a home seller who isn't satisfied with the agent's HDR photos.🏡 Listing Versatility: How to effectively market a cottage as both a recreational property and a year-round residence.📱 Top Tech Tip: Why the Realtor.ca app is a must-have on your phone when searching for properties.📈 Warren Buffett’s Wisdom: Comparing real estate investing with the stock market through insights from "The Intelligent Investor" by Benjamin Graham.🏠 Cottage and B&B Transactions: Understanding exclusion and inclusion lists, valuing contents, and the tax implications when buying a cottage or bed and breakfast.⏳ 48-Hour Clause: Exploring the necessity of se...2024-08-0335 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Exaggerated Appraisals, Buyer Lies, Selling Your Vacation Property 🏖️ | Bad Video Ideas from Sellers 🎥 | Location First 📍 | What is a Survey? 📏Exaggerated Appraisals: How they affect your property value.Buyer Lies: Recognizing and handling dishonest buyers.Selling Your Vacation Property: Tips and tricks for a smooth sale.Bad Video Ideas from Sellers: What to avoid when showcasing your home.Location First: The importance of location in real estate.What is a Survey? Understanding property surveys and their significance.Sellers Micromanaging Their Listing Agent: The pitfalls of micromanagement.Building Permits and Timelines: Navigating the permit process and managing expectations.Don't Harass Your Real Estate Agent if Your Home is Overpriced: Understanding market value and setting realistic prices.Join us for an...2024-07-2736 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Inside a Week: Real Estate Agent Tales of Fraud, Document Discovery, Survey Mistakes, Soil Classes for Septic Systems, and More 🏡📜🗺️🌱- Agent Adventures: Hilarious and insightful experiences from the past week.- AI Marketing Tips: How another agent used our AI advice to boost their property promotion.- Water Tests & Fraud: Who should perform your water test to ensure validity?- Survey Markers & Lawsuits: Navigating the discovery of survey markers and potential legal issues.- Document Discovery: Finding all the important documents related to a property on MLS and Paragon.- Septic System Soil Classes: Understanding the different classes of soil for septic installations—Category 1, 2, 3, and engineered systems....2024-07-2027 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!✍️🏡 "Crafting the Perfect Offer: No More Crappy Deals!" 💼✨In this episode, we delve into the art of writing the perfect real estate offer for a home or land. Learn what it takes to stand out in a competitive market by crafting offers that sellers can’t resist. We’ll cover:The essential components of a strong offer, including price, contingencies, and financing details.How to effectively showcase your commitment and readiness as a buyer.Tips for balancing your desires with realistic market conditions.Strategies for negotiating terms that benefit both parties.Real-life examples of successful offers and common pitfalls to avoid.Whether you’re a first...2024-07-1323 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!✈️🚆🚗🔋 Planes, Trains, Automobiles, & EVs and Navigating Culture Shock in PEI 🏡✨In this podcast, we dive into the ins and outs of relocating to and living in Prince Edward Island. From understanding the local airports and railway system to finding the best places to service your automobile, we've got you covered. We also discuss the unique challenges of using electric vehicles in winter and offer tips to help you navigate the culture shock of moving to this beautiful island. Whether you're a newcomer or a long-time resident, join us for expert advice and insights into making the most of life in PEI!PEI Real Estate real-time search/videos...2024-07-0627 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏠 Selling Your Home on Your Own: 🤔 Buyers, Sellers, and Real Estate Agent PerspectivesSelling your home without an agent offers several advantages, such as saving on commission fees and having complete control over the process, including setting prices and scheduling viewings. Direct communication with buyers can lead to quicker negotiations, and your personal investment in the property can be persuasive. However, there are significant drawbacks. Without an agent, your home may have limited market exposure, and you’ll need to handle all marketing, which can be time-consuming and challenging. Pricing the property correctly and navigating negotiations without professional expertise can be difficult. Legal risks are higher as well, given the complexity of re...2024-06-2927 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡🌊 Buying Waterfront Property in Prince Edward Island: What You Need to Know 🌊🏡Welcome to our podcast for everything you need to know about buying waterfront property in beautiful Prince Edward Island! In this episode, we dive deep into the essential aspects of purchasing your dream waterfront property. We'll guide you through the importance of conducting thorough surveys and understanding deeds, the necessity of percolation and soil tests, and the intricacies of septic systems.Learn about the critical offsets for well and septic systems, setbacks from the waterfront, and the importance of buffer zones to protect your investment and the environment. Plus, we'll cover navigating Access PEI to obtain the...2024-06-2224 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Unlocking Homeownership: Tips, Tricks, and Insights for Getting a Mortgage in Canada 💡Whether you're a first-time homebuyer or looking to refinance, our podcast provides expert advice, practical tips, and insider secrets to help you secure the best mortgage deal. Join us as we discuss everything from mortgage rates, credit scores, down payments, and private lenders. Tune in to hear from industry professionals and real-life success stories and get answers to your burning questions. Empower yourself with the knowledge and confidence to make informed decisions on your journey to homeownership in Canada.PEI Real Estate links: https://tinyurl.com/3r4e8tueWhether you're a seller eager to...2024-06-1525 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Revolutionizing Real Estate with AI: Transforming Media and Marketing 🏡🤖In this exciting episode, we explore artificial intelligence's transformative impact on the real estate industry. Discover how AI is revolutionizing property photography with tools like Photoshop and ACDSee and enhancing video and audio quality through Adobe Podcast and Premiere Pro's Voice Enhance feature.Learn how AI-driven writing tools such as ChatGPT, Grammarly, Hemingway, and Jasper.ai are creating engaging and SEO-optimized property descriptions and titles. We also explore effective SEO strategies using Keywords Anywhere and Google Keyword Explorer, ensuring your listings reach the right audience.Join us as we uncover how AI analyzes and enhances...2024-06-0821 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Sight Unseen 🏡🔍: Navigating the Risks and Rewards of Buying Property OnlineWelcome to "Sight Unseen," where we dive into the ins and outs of purchasing real estate without ever setting foot on the property. In this episode, we'll explore the essential online tools you can use to make informed decisions, most of which are free and easily accessible. We'll discuss whether buying a property sight unseen is a wise choice, weighing the recommendations and risks.We'll also highlight the importance of viewing a property in person whenever possible and examine the common misleading statements made by real estate agents about room dimensions and ceiling heights. Learn about the...2024-06-0119 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🔑 Unlocking the Power of Pre-Inspected Homes: A Guide for Buyers, Sellers, and Agents 🏡Pre and Post-Home Inspections: Discover the critical role inspections play both before and after listing a property.Benefits Galore: Learn how pre-inspected homes benefit everyone involved—from buyers and sellers to real estate agents.Leverage in Negotiations: Explore how both buyers and sellers can use home inspections to their advantage during offer negotiations.Comfort in Purchasing: Understand why a pre-inspected home reassures buyers and enhances their comfort level with the purchase.Who Pays for What? We discuss the dynamics of listing agents covering the costs of home inspections.Expect the Unexpected: Home inspectors consistently uncover issues; we'll discuss what that me...2024-05-2522 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Real Estate Talk PEI: April 2024 Real Estate Stats & The Truth About Open HousesJoin us this week as we dive into Prince Edward Island's real estate statistics 📊 for April 2024. We'll break down two detailed reports—long and short form—highlighting key data from CMHC (Canadian Home Mortgage Corporation) 🏦 and CREA (Canadian Real Estate Association) 🏡.We'll also revisit numbers from January, February, and March 📅 to provide a comprehensive view of the market trends. Discover the real meaning behind a "new price" banner or sticker 🏷️ and why open houses, despite their popularity, aren't effective at selling homes 🏠. Instead, learn how they're primarily a powerful marketing tool for agents 🧑💼 and a comforting gesture for home sellers. Tune in for an...2024-05-2207 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡✨ "Quick Sale Secrets: Stage & Showcase Your Home for Top Dollar! 📸💰"🏡✨ Tune into this episode, where we focus on the crucial steps of preparing your home for sale. Discover the art of staging, from the perfect furniture arrangement to enhancing visual appeal, ensuring your space looks its absolute best. 📸💰 We'll guide you on how to maintain a fresh and inviting atmosphere that makes a lasting impression on potential buyers. Join us for expert advice on getting your home market-ready for a swift and profitable sale! 🌟🏠💵---Whether you're a seller eager to maximize your property's visibility, or a buyer navigating the PEI real estate landscape, or even a REALTOR® look...2024-05-1822 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!🏡 Picture Perfect Listings: Mastering MLS with Photos, Videos, & Descriptions 🎬✍️In this podcast, we dive deep into the essentials of successful property listings. We discuss what makes an MLS description compelling enough to make potential buyers take notice, and why poor quality photos—or worse, bad drone shots showing too much—can be a dealbreaker. 📸🚫We also explore the best practices for using drone photography, emphasizing that it should be reserved for just the right situations to enhance your property's appeal. Plus, we'll reveal why Realtor.ca stands out as the top source for real estate in Canada. 🍁🏠But that's not all! Learn the secrets behind the psych...2024-05-1116 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Pros and Cons of Living in Prince Edward IslandAir Travel Constraints: Discover the limitations of air travel in and out of PEI, including the lack of direct flights.Education Insights: A close look at the educational system on the island, what sets it apart, and where it falls short.Entrepreneurship Opportunities: Opportunities and hurdles for entrepreneurs, including insights into the local business landscape and human resource issues.Real Estate Reality: Discussing the average house sale prices, the Home Price Index (HPI), and the difficulty in finding house builders.Economic Considerations: The impact of low wages on both employees and employers.Culinary Delights: Exploring the vibrant restaurant scene and...2024-05-0416 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Setting Up Your Life in PEI: A Complete Guide to Home Services, Utilities, and Personal CareWe're diving deep into the nitty-gritty of insurance shopping, navigating the healthcare maze, and decoding social assistance without making you snooze. 🚑📋 Plus, ever heard of Access PEI? It's like the magical portal to everything government-related, and we'll be your personal tour guide through it – no mystical maps required! 🗺️✨And because life isn't just about setting up shop, we'll tackle the quest for your car driver’s license. It's like a rite of passage here, but with less drama than your average reality TV show. 🚗💨So, buckle up (literally, it's the law) and tune in to 'PEI: Setup & Settle' f...2024-04-2715 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Septic Secrets: Mastering Installation, Maintenance, and the Hidden Knowledge Every Homeowner NeedsDive deep into the underground world of septic systems with our enlightening podcast, 'Septic Secrets: Unearthed.' From the basics of understanding what septic systems are to the specifics of installing one in the picturesque setting of Prince Edward Island, we cover it all. Discover whether going the septic route is a costly affair and unearth hidden tips and tricks to maintain your system efficiently. Explore how septic systems stand apart from city or municipal services, providing you with a unique perspective on waste management. Plus, get a closer look at the lifeblood of the septic world—the septic pu...2024-04-2015 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Exploring Water Sources for Your Prince Edward Island Property: A Dive into Wells and Water SuppliesDive deep into the world of water sources with our podcast, where we explore everything from the importance of water tests and well maintenance to the essential requirements for selling a home in beautiful Prince Edward Island (PEI). Join us as we uncover the ins and outs of municipal water supplies and shed light on the crucial steps you need to take, including comprehensive water tests, to ensure a seamless home sale process. From understanding the specific mandates for water testing to identifying who exactly requires these tests, we've got you covered. Tune in to gain invaluable insights into...2024-04-1317 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Island Insights: The Ultimate Guide to Buying Property in PEI as a Non-Resident and Navigating Real Estate on the IslandWelcome to "Living in Prince Edward Island," the essential podcast for anyone considering buying real estate in Prince Edward Island! Join us as we delve into the intricacies of purchasing property as a non-resident, navigating property taxes, understanding the role of the Island Regulatory and Appeals Commission (IRAC), finding financing options, and ensuring your property meets water quality standards. We'll also explore the Prohibition on the Purchase of Residential Property by Non-Canadians and how it may affect your real estate plans. Tune in for expert insights and practical advice on making the most of your PEI property investment!2024-04-0615 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Island Transitions: Navigating the Move from Ontario to PEIWelcome to "Island Living: A Step-by-Step Guide to Moving to Prince Edward Island." This podcast is your ultimate resource for those looking to make the move from Ontario to the beautiful and serene Prince Edward Island.In this episode, we'll take you through the entire process of searching, buying, and closing on a property in PEI, from the perspective of someone moving from Ontario. You'll hear about the migration process, the importance of having a buyer's agent, and the differences between the real estate markets in Ontario and PEI.We'll also cover practical tips like...2024-03-3017 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Island Enigmas: Delightful Discoveries of Prince Edward's Unique Charms (Fun Facts!)In this episode, we’ll answer burning questions like: What is the population of PEI, and why is the term "from away" so significant? We’ll also explore the island's geography, from its sprawling beaches to its eastern and western regions, and examine its rich agricultural heritage, including the cultivation of the world-famous PEI potatoes.We’ll also delve into the island's technological landscape, from its internet access to its abundant wildlife, including the notorious bugs and mosquitoes. So sit back, relax, and let us take you on an unforgettable journey through Prince Edward Island.Tune i...2024-03-2315 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Unlock Savings: How a Certified Negotiating Expert Can Help You Save 4% on Your Next Home PurchaseIn this episode, we’ll delve into the art of negotiation, explore strategies to maximize your home buying power and reveal how working with a certified expert can make a significant difference in your financial journey. Tune in to discover the secrets behind securing the best mortgage rates and potentially saving thousands on your dream home! 🏡💰Remember, every dollar counts, and with the right guidance, you can turn negotiations into substantial gains. 🌟Tune in to "Living in Prince Edward Island" for an episode packed with invaluable insights, expert advice, and a sprinkle of island charm. Whether you...2024-03-1616 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Unlocking Real Estate Wisdom: Why Taking Your Property to 'Rest' Is a Mistake from Fall to Spring and BeyondLearn the secret of allowing your real estate listing to gracefully "rest" during the off-season, and discover the [not] power of taking your house off the market until the spring bloom. Our experts share valuable insights on selling at market value and why knowing the sales data is your ultimate tool for success.Delve into the unique challenges of selling land in the picturesque Prince Edward Island, where patience is key. Uncover the reality that selling land in PEI can be a lengthy process, spanning 10 to 15 years. We emphasize the importance of setting realistic expectations based on...2024-03-0908 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Seasons of Success: Selling Your Home Against the Grain - From Fall to Spring StrategiesWelcome to a riveting episode where we debunk common real estate myths and explore unconventional strategies for selling your home from fall to spring. Buck the trend by keeping your house on the market year-round and discover the benefits of heeding your experienced agent's advice. We delve into the pitfalls of relying on inexperienced agents, emphasizing that you are not the expert – your agent is. While the fall-to-spring selling approach may take longer, the payoff can be substantial. Tune in as we navigate through the chaos of opinions from eccentric home sellers and debunk the notion of a "miracle ag...2024-03-0215 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!The Real Deal: Mastering Home Sales with Strategic Pricing, Appraisals, Realtor Expertise, and Listing Mastery🌟 Mastering the Art of Pricing: Learn the ins and outs of pricing your house strategically to capture the attention of potential buyers and maximize your property's value.🔍 Decoding REALTOR CMAs: Explore the significance of a REALTOR Comparative Market Analysis (CMA) and how it serves as your compass in navigating the competitive real estate landscape.🏠 Unlocking the Power of Appraisals: Understand the pivotal role real estate appraisals play in securing a fair and advantageous deal for both buyers and sellers.🤝 Inside Scoop on "Buying a Listing": Gain insights from a real estate agent's perspective on the delic...2024-02-2415 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Home Havens: Navigating the Nest - Unveiling the Secrets of Your Dream Dwelling, Inside and Out! Decoding Warning Signs from High Winds to Creepy Crawlers and Damp Basements🏡🎙️ Embark on a captivating journey with "Living in Prince Edward Island," where real estate mastery meets your ears! Join hosts Michael Poczynek and Powerhouse Patty as they unravel the mysteries of PEI's vibrant real estate realm. In this episode, discover essential tips on house hunting, from the cozy interiors to the resilient exteriors. Brace yourself for an immersive exploration into topics such as the subtle signals of wet basements, deciphering the language of winds, and battling the persistent companionship of mosquitoes and black flies.Our seasoned experts delve into the crucial decision-making process, answering burning questions like whether...2024-02-1717 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Island Chronicles: Navigating Culture Shock, Business Battles, and Healthcare Wonders – 25 Years in Prince Edward Island🌍 Culture Shock Chronicles: Hear first-hand accounts of the unique experience of moving to Prince Edward Island and navigating the delightful culture shock that comes with it.🗺️ Island Exploration: Delve into the distinct areas of the island, unravelling the nuances that make each corner a unique haven. From Summerside to Charlottetown, discover the heartbeat of the two largest cities.🏡 Homefront Highlights: Get the lowdown on house values and real estate trends, equipping you with the knowledge to make informed decisions about your island abode.🌐 Tech Tales: Uncover the tech landscape of PEI, from internet and cell phone...2024-02-1014 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Navigating the Real Estate Jungle: Strategies for Dealing with Dishonest Buyers, Guiding Honest Buyers, and Streamlining Your Time to Avoid Showings with Unqualified Prospects🔍 Dealing with Dishonest Buyers: Uncover strategies to navigate the challenges posed by dishonest buyers and safeguard your real estate transactions.🤝 Guiding Honest Buyers: Learn how to assist genuine buyers in their quest for a reliable real estate agent, ensuring a smooth and trustworthy home-buying experience.⏰ Optimizing Time: Delve into the art of minimizing time wastage for both homeowners and agents by pre-screening buyers and arranging showings only for qualified prospects.🚗 Drive-by Assessments: Discover the importance of conducting drive-by property assessments before scheduling showings, saving time and effort for all parties involved.🌐 PEI's Vast Rea...2024-02-0318 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Unlocking Opportunities: Mastering Real-Time Real Estate Searches to Stay Ahead in the Market. Don't Snooze, Don't Lose – Are You Missing Out on New Listings?🔍 Setting up Your Real-Time MLS Search: Learn how to stay ahead in the market by ensuring you never miss out on new listings.🌐 Navigating PEI Property Websites: Discover the go-to platforms for finding your future Prince Edward Island home.💡 Unlocking the Power of Realtor.ca: Explore why Realtor.ca is an indispensable tool in your real estate journey.🗺️ Decoding MLS Zones in PEI: Gain a deeper understanding of the unique zones that shape the PEI real estate landscape.🚫 Addressing Concerns: Will You Be Harassed? We tackle the common question of whether setting up a sear...2024-01-2717 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Valuation Wisdom: Decoding the Necessity of Real Estate Appraisals in Mortgage Transactions🔍 Unlocking the Need: Why Real Estate Appraisals are Essential Explore the indispensable role of real estate appraisals in the property purchasing process. Learn why these assessments are a vital safeguard, providing clarity and confidence in your real estate transactions.🌐 Decoding the Appraisal: What is a Real Estate Appraisal? Demystify the world of real estate appraisals as we break down the process. Understand the intricacies of valuation, gain insights into the factors considered, and discover how this crucial step impacts your property journey.💰 Guarding Your Investment: How Appraisals Prevent Over-Payment Delve into the strategic aspect of appraisal...2024-01-2007 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!From Mansions to Mayhem: Navigating Million-Dollar Home Sales and Avoiding Common Pitfalls🌟 Million-Dollar Home Sales: Unlock the secrets behind the opulent world of million-dollar properties. Discover the nuances, trends, and unique considerations that come with these (not sometimes) luxury transactions.💡 Irrational Purchases: Explore the fascinating realm of real estate decisions that defy logic. Delve into stories of irrational purchases, learning valuable lessons that will guide you on your own property journey.🌐 Comparing Real Estate Markets: Gain a panoramic view as we compare the Prince Edward Island real estate landscape with markets afar. Uncover valuable insights from diverse regions and learn how they shape the unique charm of PEI's pro...2024-01-1312 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Island Insights: Unveiling Prince Edward's Winter Real Estate Magic – Sales Stats, Balanced Markets, and the Ultimate Season to Sell!In this insightful installment, we delve deep into the November 2023 sales statistics, uncovering the pulse of Prince Edward Island's real estate landscape. Brace yourself for the exciting revelation – we're now navigating a perfectly balanced market!But that's not all – the duo shares invaluable tips on navigating the real estate journey. Learn the art of researching and inspecting property deeds when scouting your dream home. Discover the power of knowing sales numbers and conducting due diligence on every property you consider.Whether you're a seasoned investor or a first-time homebuyer, this episode is a treasure trove of w...2024-01-0616 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Bidding Brilliance: Crafting the Perfect Offer for Your Dream Prince Edward Island Property🤔 Explore the crucial elements of crafting a compelling offer, from the making conditions that define your terms to the due diligence and research that pave the way for a successful transaction.📜 Discover the convenience of electronic signatures, streamlining the process as you navigate through the intricacies of your offer. Michael and Patty guide you through the decision-making process, helping you determine the right price, the ideal closing date, and the appropriate down payment for your unique situation.💰 Gain insights into typical deposit amounts in Prince Edward Island, ensuring you're well-prepared for this significant step in your real...2023-12-3014 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Keys to Your Castle: Navigating First-Time Home Buying, Unpacking Your Agent's Role, and Handling Well-Meaning (but Less Helpful) Family Advice🔑 Dive deep into the crucial topic of a real estate agent's responsibility, demystifying the process for first-time buyers. Learn how to find an agent specializing in guiding newcomers through the exciting journey of home ownership.💰 Don't let financing be a hurdle! Michael and Patty emphasize the importance of exploring multiple lenders, going beyond your bank, to secure the best first-time home financing options.🏡 Gain invaluable insights with expert tips and tricks tailored to first-time home buyers. From making informed decisions to understanding the role of home inspectors, this episode covers it all.🚫 Friends and family a...2023-12-2315 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Market Whispers: Decoding Real Estate Trends Beyond the NumbersIn this enlightening conversation, Michael and Patty share their insights on understanding real estate market stats and, more intriguingly, how to decipher the signs without getting lost in the numerical maze. They shed light on invaluable data sources like CMHC and CREA that can be your compass in navigating the ever-changing market terrain.Ever wondered about the significance of "new price" stickers? Our hosts spill the secrets behind these subtle yet impactful indicators, providing you with a unique perspective on pricing dynamics.Get ready for an insider's look into agent open houses as Michael and...2023-12-1611 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Remote Relations: The Untold Risks of Choosing Friends and Family as Your Home SellersBuckle up as Michael and Patty unravel the tales of entrusting your home sale to a person who once dated a family member decades ago. From the seemingly harmless nostalgia to potential pitfalls, they leave no stone unturned in dissecting the risks involved.Discover the shocking reality of how this seemingly innocuous decision can lead to financial setbacks, costing you tens of thousands of dollars, significant time investments, and an unwarranted surge in stress and anxiety. The duo provides invaluable insights, expert advice, and cautionary tales to empower you in making informed decisions when it comes to...2023-12-0913 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Is filling out a property condition disclosure form a good thing or a bad thing? Does it subject the seller or buyer to liability?🏡 Realty Revealed: Navigating Property Condition Disclosures 🏡Dive into the nuanced world of real estate with industry veterans Michael Poczynek and Powerhouse Patty in our latest podcast episode. Join us as we unravel the intricacies of Property Condition Disclosure Forms (PCDS) and explore whether they are a blessing or a potential legal minefield for sellers and buyers alike.In this eye-opening discussion, Michael and Patty share their insights on how real estate agents perceive PCDS and whether it can serve as a strategic "get out of jail free" card in transactions. Explore the delicate balance between transp...2023-12-0917 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Behind the Keyhole: Unveiling the True Allegiance of Real Estate AgentsJoin seasoned real estate experts, Michael Poczynek and Powerhouse Patty, as they unravel the secrets behind the pivotal question: "When you talk to a real estate agent, who are they really working for?"In this insightful podcast series, Michael and Patty delve into the intricacies of Agent Relationships and fiduciary responsibilities, shining a spotlight on the core principles that guide real estate professionals. From the moment you dial that number to the first meeting, discover the fascinating dynamics of representation in the real estate world.Gain a deeper understanding of the layers behind real estate...2023-12-0217 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!How can you select the right Real Estate Agent for a seamless and effortless experience when buying or selling a home?In our podcast's second episode, seasoned real estate professionals Michael Poczynek of Century 21 Northumberland and Patty Campbell of Powerhouse Realty PEI delve into the nuances of discovering the right Prince Edward Island Real Estate Agent. They reveal that years in the industry may not be the sole solution, and simply holding a real estate license doesn't guarantee expertise in the field. Tune in for valuable insights on making the best choice for your real estate journey.2023-11-2415 min
Living in Prince Edward Island with Michael Poczynek and Powerhouse Patty – Real Estate & PEI Stuff!Unveiling Real Estate Revelations: A Dynamic Dive into Market Shifts with a Powerhouse Guest!Welcome to the inaugural episode of my latest podcast, delving into the captivating realm of Prince Edward Island Real Estate and all things related to the enchanting province of Prince Edward Island, Canada. I am thrilled to introduce our distinguished guest for this episode—none other than Patty Campbell, the dynamic force behind Powerhouse Realty PEI Inc., a prominent brokerage.In our conversation, Patty and I explore the substantial shifts in the island's real estate market, navigating the path towards a harmonious "balanced market." Join us as we unravel the intricacies of these transformative changes and gain va...2023-11-1919 min