Episode

๐Ÿก The Listing Mistakes Costing PEI Sellers Hundreds of Thousands ๐Ÿ’ธ Pricing Games, Agent Conflicts & the Commission Discount Trap โ€” Plus Jeep Roads & Island Laughs ๐Ÿš™

Podcast
The Michael and Patty Real Estate Show
Published
Aug 1, 2026
Duration seconds
2808
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https://rss.com/podcasts/princeedwardisland/2984685
Audio
https://content.rss.com/episodes/238229/2984685/princeedwardisland/2026_07_13_11_42_54_18bdb3d7-5992-4105-8b2c-b3252ad4c705.mp3
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Summary

๐Ÿก Thinking of selling your home on Prince Edward Island โ€” 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. ๐Ÿ’ฐ 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. ๐ŸŽ™๏ธ ๐Ÿ“‰ Priced out of thin air: We tackle a hard truth โ€” 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% โ€” often leaning to the high side โ€” which is exactly why we tell sellers to get a proper, independent appraisal before they commit to a price. ๐Ÿ“Š โš ๏ธ Conflict of interest, real money lost: Tourists and buyers are already touring homes this season and leaning on the listing agent to represent them โ€” 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 youโ€ฆ