# Garages Missing, Deals Falling Apart & Million-Dollar Renovation Mistakes 🏡💥📉

Page: https://stenobird.com/podcast/the-michael-and-patty-real-estate-show-6692071/garages-missing-deals-falling-apart-million-dollar-renovation-mistakes
Text version: https://stenobird.com/podcast/the-michael-and-patty-real-estate-show-6692071/garages-missing-deals-falling-apart-million-dollar-renovation-mistakes.md
Podcast: [The Michael and Patty Real Estate Show](https://stenobird.com/podcast/the-michael-and-patty-real-estate-show-6692071)
Published: 2026-02-28T10:00:00+00:00
Episode link: https://rss.com/podcasts/princeedwardisland/2571963
Audio file: https://content.rss.com/episodes/238229/2571963/princeedwardisland/2026_02_23_12_35_06_7a458298-97e8-4bb3-bdd6-bf5af6f475be.mp3
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Duration seconds: 2901

## Resource

Thinking about buying, selling, or building in Prince Edward Island? This episode dives into the real conversations happening behind the scenes of PEI real estate — the stuff most people only learn after it costs them money. 🏡💰 From the surprising shortage of garages across PEI to the hidden risks buried inside conditional offers, this episode breaks down practical strategies buyers and sellers need to understand before signing anything. Learn why “subject to sale” offers can quietly derail deals, what conditions should always be written into contracts, and how simple verification steps can prevent legal chaos when files mysteriously go missing between offices. 📄⚖️ We also unpack real-world stories from the field — including renovation budgets that spiral from $300,000 to $1,000,000, referral situations that turn complicated fast, and pricing expectations that don’t match today’s market reality. If you bought during the COVID boom and think your property automatically doubled again… you’ll want to hear this conversation. 📉🏠 Plus, a candid discussion about why so many real estate agents leave the business, what sellers should do when an offer arrives during active showings, and the overlooked difference between subdivision covenants and actual government building regulations when planning something like a garage. 🚧 This episode is packed with straight talk, practical negotiation advice, and lessons learned from decades in the trenches of PEI real estate — whether you’re a homeowner, investor, or just market-curious. Join us for a deep dive into these essential topics and walk away with the insider knowledge to make confident real estate decisions on Prince Edward Island! 🌟 PEI Real Estate real-time search/videos/government links: https://michaelshomes.com/links.html Con…

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