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What's for Sale in Mansfield? Not Much. Buyers Need to Move with Urgency

Inventory remains scarce in Mansfield and the surrounding towns.    If you are a buyer, you should be working closely and clearly with your agent to be sure you both understand what you want and how you’re going to get it.   Are willing to pay full price or above and/or waive contingencies if you are in a competing bid situation?   Will you be okay losing the property if you do not offer the absolute best price and terms you can?  If so, say so.  Have your conversations about negotiating strategy before you have to. 

 

This year the market has produced many disappointed, angry and frustrated buyers who have lost  a property to another buyer whose offer was more appealing to a seller for a variety of reasons—time, money, convenience or flexibility.

You and your agent must act quickly to get your offer negotiated, signed, initialed and returned.  A verbal acceptance does not mean it’s time to chill and give out your new address.  The listing agent is obligated to present all offers.  If another offer comes in while awaiting written acceptance and the seller finds it more favorable than yours—for any reason—they have every right to accept it and you are out. 

There is no obligation of the seller or the seller’s agent to offer you the opportunity to submit a revised offer.  In other words, do not celebrate until you have a fully executed document in hand.  Hopefully, you and your agent are using digital signing software so this can be accomplished quickly and efficiently. 

 

So, what is active on the market today in some of our local towns for single family residential homes and condominiums?

Mansfield            65 properties                     From $975,000-$38,900

Tolland                96 properties                     From $1,599,900-$102,000

Coventry             83 properties                     From $$899,900-$69,900

Columbia            40 properties                     From $925,000-$99,900

Windham            66 properties                     From $325,000-$14,000

Willington            25 properties                     From $757,500-$89,900

Ashford               23 properties                     From $379,900-$65,000

 

We have 12 nice listings for sale in Mansfield in all price ranges and 2 listings Coming Soon.  If you’re interested in buying or selling in the Mansfield area, we can help.  From negotiating strategies for buyers to staging and photos for sellers we can offer you the expertise and the experience that you will need in your home purchase or sale.