How Is the Mansfield Market Performing this Spring?

Want to sell your Mansfield Home? Get a FREE home value report
Want to buy a Mansfield Home? Search all homes for sale

Today we are going to be discussing the current market here in Mansfield. A lot of people have been asking us about the market’s current stats, and we’re here to share an update with you.

Right now, we have roughly 130 active homes on the market and 160 pending listings. That gives us less than a one-month supply of homes! This low-inventory is likely to continue for the foreseeable future.

Coming out of the holiday and winter months, we have seen a huge rise in activity, going from 77 sold properties over the last 30 days, to the current 160 pending sales. This is typical of a normal yearly cycle. But what does it mean for buyers, sellers, and investors?

For buyers, there are still homes on the market, but you’re going to have to compete for the best homes. For every good home, we have 10 to 20 buyers looking at it. If you’re buying, you need to be pre-approved, have a real estate agent working hard for you, and be ready to act quickly when the right property comes up.

For sellers, you have to get the condition of your home right and price it right. If you do these things, you are in great position to sell your home for more money than you could in the past.

For investors, there is a lot of competition out there, just as there is for regular buyers. If you’re investing in this market, you need to align yourself with a great agent who understands your goals and can work with you to help you achieve them.

If you have any questions, don’t hesitate to give me a call or send me an email. I’d love to hear from you!

Avoid These 4 Mistakes When Selling in Mansfield

Want to sell your Mansfield Home? Get a FREE home value report
Want to buy a Mansfield Home? Search all homes for sale

As an experienced Mansfield Realtor, I oftentimes identify common mistakes within the local marketplace. It’s mind-boggling! Today, we’ll review the four most common mistakes, so you can avoid them when selling your home.

The first mistake people make is trying to sell their home themselves. One of the biggest reasons to hire a real estate professional is they can market to a wider net of people than you can. You also have limited knowledge of the real estate market. Real estate agents are working in the market all day, every day. We have a level of real estate expertise that you cannot reach and learn on your own. We can help you negotiate contracts and sell for the most money. Don’t miss out on maximizing profit from your property!

The second mistake people make is overpricing their home. Everybody wants to get the most money they possibly can for their home. People have a tendency to think their home is worth  more than it actually is. A real estate agent will examine comparable sales in your area so you know what your home is worth in today’s market. By accurately pricing your home, you will sell faster and for more money than you would if your home was overpriced.

The third mistake is using poor quality photos. Just because your phone has a camera doesn’t mean you should use your iPhone to take pictures for the MLS! Professional photographs will make your home shine, and a real estate agent will make sure that the MLS does not distort the size of your photographs.

The final mistake is forgetting about the backyard. We all tend to focus on curb appeal and cleaning the interior of the home but run out of steam when it's time to take care of the backyard. The backyard matters to buyers, so make sure you get everything neat and tidy.

If you have any questions, give me a call or send me an email. I would be happy to help you!