Listen "๐ IRAC Rules, Too Many Photos ๐ธ, Property Values ๐ฐ & Real Estate Then vs Now ๐ฐ๏ธ"
Episode Synopsis
We kick things off with a hot topic: IRACโs updated regulations ๐งพ around approving residential property purchases in municipalities โ especially as they relate to the federal governmentโs 2023 move to ban certain non-Canadians from buying residential property ๐. What does that really mean for buyers and sellers on the Island?Next, we ask the question: "Do we really need 50 listing photos?" ๐ธ Just because we can doesnโt 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 values vs tax assessments ๐ฐโ with buyers often using tax assessments to justify low offers, and politicians trying to win votes by tweaking property taxes ๐ณ๏ธ. Should these numbers be trusted when pricing or buying a home?Ever wonder why your offer wasnโt accepted? ๐คจ We discuss why itโs important to ask questions, learn, and adjust your strategy โ instead of just walking away frustrated.Plus, we dive into the latest median prices and number of active listings in PEIโs biggest markets.But we donโt stop there. We talk about all the behind-the-scenes services that make home ownership work โ from garbage collection ๐๏ธ and snowblowing โ๏ธ to oil delivery, propane, and even how to get your mailbox keys ๐.And for anyone whoโs thought about going solo, we share personal stories about being an entrepreneur on PEI ๐ผ โ the highs, the lows, and why itโs a path worth considering.Finally, we reflect on how far the real estate industry has come in just 25 years ๐: From Geolink access and paper contracts to digital signatures, e-transfers, video walkthroughs, drone photography, and instant information at your fingertips. Itโs been an incredible transformation โ and weโve been here through it all.Ready to unlock the door to your dream property?๐ง๐ก #PEIRealEstate #DreamPropertyOffer #LivingInPEI #ExplorePEI #PEIConnect with Michael: ๐ YouTube: Michael Poczynek ๐ Website: Michael's Homes ๐ Twitter (X): Michael's TwitterMy mailing list and weekly newsletter. This will deliver to your inbox New listings before they are on MLSยฎ, PEI Real Estate Tips, Tricks and Traps and general information about PEI.Subscribe here: http://eepurl.com/b8yULfConnect with Patty: ๐ YouTube: Powerhouse Realty PEI ๐ Website: Powerhouse Real Estate PEIPrefer a more personal touch? Call or text us at:๐ Michael: 902-626-6912 (Century 21 Northumberland Realty (1987) Limited)๐ Patty: 902-626-6622 (Powerhouse Realty PEI Inc.)Thank you for tuning in, and may your day be filled with great opportunities in the world of Real Estate! ๐ก๐