The Real Estate market, like many other sectors such as manufacturing and exports, has taken it's share of bumps and bruises this year, yet over the past 30 days we have sold 3 homes over the listing price with multiple offers. They were:

Whitby - $9.000.00 over asking price

Toronto - $52,000.00 over asking price

Orono - $3,100.00 over asking price

That's how goofy real estate can be!

Real Estate values and demand are a very, localized affair. As a listing agent one gauges the local market, price range of the property, condition of the property and most importantly, the amount of competition for similar homes nearby. It's ironic that with negative news stories constantly on the tube, some Home Sellers are having very good experiences with the sale of their homes!

What separates a bad experience from a good one, in my opinion? Proper pricing, knowing your product and knowing the competition. Pricing is the most important factor in a successful home sale.