1.5% is not much.
1.5% is the percentage of condominiums for sale in Boston that are currently listed for sale as flat fee MLS entry only listings. That’s 6 units out of 425 currently listed for sale in Boston. While flat fee MLS listings still only represent a small, but growing, number of the total listings for sale on the Massachusetts MLS, what’s fascinating is the success of flat fee MLS listings so far in 2014.
Fascinating is the speed at which flat fee MLS listings are going under agreement in Boston. The latest condo to be listed for sale in Boston’s Hyde Park neighborhood as a flat fee MLS listing is 1 Westinghouse Plz Unit C308 Boston, MA 02136,and the loft-style condo went under agreement in just seven (7) days!
The Lofts at Westinghouse is a 72 unit condominium development in Boston’s Hyde Park neighborhood. 1 Westinghouse Plz Unit C308 is a sophisticated Boston loft.
How to FSBO Boston with Flat Fee MLS
Over the past six months, the average days on market for Boston Hyde Park condominiums to sell has been 63. It’s fascinating to compare this average (entirely comprised of condominiums sold using a traditional real estate brokerage charging a full commission) to the latest flat fee MLS listing at 1 Westinghouse Plz going under agreement in 7 short days, approximately 9 times faster than the Hyde Park average! Combine a quick sale along with the prospect that FSBOs can save substantially when listing with a flat fee MLS listing service by eliminating the listing agent commission fee, and it becomes clear why 2013 set a record for number of flat fee MLS listings in Massachusetts.
FSBOs who want to sell by owner without a Realtor have leveraged our How to FSBO Massachusetts guide, which is packed with helpful tips and tricks to guide a for sale by owner through the process of listing on the MLS without a Realtor and saving thousands in real estate agent commission fees.
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