Episode
💰 Is Your House Really Worth $1,000,000? Cash Offers, HST & Price Reality 🏡
- Published
- May 9, 2026
- Duration seconds
- 3063
- Processing state
processed- Canonical source
- https://rss.com/podcasts/princeedwardisland/2747239
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Summary
Think your house is worth $1,000,000? 🏡💰 This episode is a real estate reality check for buyers, sellers, investors, and homeowners who want straight talk instead of wishful thinking. We dive into overpricing, expired luxury listings, cash offers, HST, tax reassessments, water intrusion, and the little details that can cost you a lot of money if you get them wrong. If you want practical real estate advice with honest opinions and useful examples, this episode is packed with it. We start with a hard truth: the market is starting to sober up, and some sellers need to sober up with it. With 142 listings over $1,000,000 having expired in the last 24 months, it raises a serious question about pricing and expectations. We also talk about how few people actually have $1,000,000 in liquid assets without counting their home, and why that matters when sellers think every property is worth top dollar just because they say so. We also touch on a banking issue that can be a real headache for Canadians living in or travelling through the USA. In some cases, access to funds in a Canadian TD Bank account may require appearing in person, which is not exactly convenient when your money is sitting there and you are not. We also give credit where it is due, with compliments to PEI Mutual for doing something rare these days: answering the phone without a ridiculous system and having someone helpful on the other end. We also talk about why you should do your research on water heaters, or really anything you have a contractor install. Prices can range from about $529 to $1,200, with major differences in wattage, insulation, and efficiency. Cheap is not always cheap in the long run, and a bad decision today can quietly cost you for years. This episode also covers tax reassessment time and how…