Jun 24 2014

Springfield MA Flat Fee MLS Real Estate

Wow, Springfield Massachusetts has enjoyed a 20% increase in home prices year over year. Despite the double digit growth, Springfield still continues to offer affordable homes with over 450 single-family homes on the market for sale right now, with an average listing price of just over $143,000.

With buyers today looking for good bargains in housing, Springfield is a natural choice. As the most populous city in western New England with over 150,000 residents, and with a real estate economy that is clearly improving, Springfield for sale by owners (FSBO) are taking advantage of increased profits in their homes by using flat fee MLS to sell their own home without a Realtor.

A flat fee MLS entry only listing service allows a homeowner to list their home on the MLS (Multiple Listing Service) for an affordable flat fee. That listing is syndicated to the most popular real estate websites, and when the home sells, the homeowner saves thousands of dollars in real estate agent commissions.

Springfield Massachusetts Flat Fee MLS FSBO Example

Take for example 40 Delmore Street Springfield, MA 01109, a 1,176 square foot three bedroom one bathroom home listed for sale by owner using an entry only MLS listing. With a list price of $149,800, the seller is poised to save $3,450 in real estate agent commission just by leveraging a flat fee MLS realty service.

Flat fee MLS is gaining in popularity, especially in Springfield, as the real estate market evolves. The majority of homes today are promoted and sold through the Internet as nearly 100% of buyers look online first for their next property. The exposure created through an entry only MLS listing on the most popular real estate websites is amazing – your home will be seen on Zillow, Trulia, Realtor.com, and literally hundreds of other websites, both local and national.

In today’s real estate market, homeowners now have choices when selling their home. In Springfield, there are currently 8 single family homes listed for sale by owner using a flat fee MLS entry only listing, as opposed to a full commission listing from a traditional real estate brokerage.

Springfield homeowners who list FSBO take over the services that real estate professionals normally perform when selling their property. However, they should be assured that their property is getting the exact same exposure on the MLS as those from a traditional listing.

As the flat fee MLS trend in real estate gains popularity, it’s important to note that the role of the real estate agent has changed. It’s the Internet that brings buyers and sellers together and more and more homeowners are not willing to pay a standard real estate commission to listing their home for sale in the MLS.

Do Springfield Massachusetts Entry Only MLS Listings Work?

In the past six months, there have been 5 Springfield Massachusetts flat fee MLS listings that have sold by owner, the average sales price per square foot has been $103 and the average days on market has been 164.

Contrast that with standard full commission listings by traditional real estate brokerages, while there have been 332 single family homes that have sold, the average sales price per square foot has been $90 and the average days on market has been 120.

In Springfield, Massachusetts, flat fee MLS listings that are sold by owner appear to be selling for a higher price per square foot than their full commission counterparts, yet taking longer to sell.

Apr 01 2014

Is That an April Fools’ Joke, or Did a Milton MA FSBO Just Save $22,080 Selling Their Own Home?

A Milton Massachusetts FSBO just saved over $22,000 selling their own single family home without a Realtor. April Fools’ joke, or, the truth? Well, it’s true.

The latest home to sell in Milton is 94 Nahanton Avenue Milton, MA 02186. It was listed for sale by owner for $895,000 and sold for $895,000. Yes, that’s full asking price, and a 100% sale to list price ratio.

It probably stayed on the market a long time to get that price, right?

It sold in 5 days. That’s 17 times faster than the average Milton Massachusetts home sold over the past 6 months. On average, single family Milton homes listed for sale by Realtors are on the market for 86 days before selling. A relatively large sample size of sold homes exists, as there have been over 115 single family home sales in Milton over the past 6 months.

94 Nahanton Avenue was listed for sale in the MLS by owner without a Realtor and it was on the market for 5 days before it sold.

Well, clearly the FSBO took a lower sale price than what the market will bear in order to sell that quickly?

94 Nahanton Avenue sold for $289 per square foot. The average single family home sale in the Milton 02186 zip code over the past 6 months has been $259 per square foot. The Milton FSBO who listed on the MLS via flat fee realty service Entry Only New England achieved a 12% higher price per square foot than homeowners in Milton who listed and sold with a real estate agent charging a full commission.

So, the latest Milton single family home sale:

Was a flat fee MLS listing and sold for full asking price
Was a flat fee MLS listing and was on the market just 5 days
Was a flat fee MLS listing and sold for 12% more than average

Milton Massachusetts FSBO Kitchen

Sell by Owner in Milton with Flat Fee MLS

The Milton Massachusetts homeowner at 94 Nahanton Avenue Milton, MA 02186 decided to take their 3,100 square foot 5 bedroom 3 bath home and list it in the official Massachusetts MLS, the same MLS licensed agents and brokers use, for a one-time low flat fee with what’s called a flat fee MLS entry only listing.

Massachusetts homeowners who take the first step, learn how to fsbo, and get listed for sale on the MLS are saving thousands of dollars in real estate agent commission, you can too.

Mar 20 2014

Million Dollar Flat Fee MLS in Massachusetts

The uber wealthy want to save on real estate agent commission just as much as the next person. There are currently 24 homes listed for sale by owner (FSBO) on the Massachusetts MLS at over $1 million. How did they get there? With a million dollar flat fee MLS listing.

With average real estate agent commissions hovering in the 5% to 6% range, million dollar homeowners that leverage a flat fee MLS entry only listing to sell by owner stand to save at least $25,000 in Realtor commission and fees.

There are currently more than 500 properties listed for sale or rent on the Massachusetts MLS system that are entry only MLS listings. Nearly 5% of those listings are for properties listed for sale at or above $1 million by FSBOs.

Needham Flat Fee MLS

The latest million dollar flat fee MLS listing to hit the market is at 7 Norwich Road in Needham, MA 02492. The four-bedroom home is listed for sale at $1,199,000. The homeowner is positioned to save nearly $30,000 in real estate agent commission and fees by leveraging an entry only MLS listing, which gets the home in the official Massachusetts MLS, and then syndicated to the most popular real estate websites on the Internet.

There are currently 48 single family homes for sale in Needham, MA, two of them are entry only MLS listings, and both of those two are million dollar flat fee MLS listings.

7 Norwich Road Needham, MA 02492

Massachusetts Flat Fee Realty

Whether it’s a single family home, condominium, rental property, multi-family, or even land, leveraging a flat fee realty service provides an owner the opportunity to enjoy putting more equity back in their pocket when they sell or rent by leveraging the power of the Internet enabled MLS to syndicate listing information and get it in front of buyers and renters who start their property search online, which is nearly everyone!

Mar 07 2014

South End Boston FSBO Flat Fee MLS Success

One of our latest flat fee MLS entry only listings is at the 1850 Lofts building in Boston’s South End – 90 Wareham St Unit 307 Boston, MA 02118. Unit 307 is a two bedroom one bathroom 964 square foot loft-style condo listed for $559,000. The owner of the unit decided to use a flat fee MLS listing from Entry Only New England to list on the MLS without a Realtor.

We’d suggest that you setup a showing to see this Boston loft, but, it went under agreement in just 4 days. The seller is positioned to save approximately $14,000 in Realtor commission by leveraging our flat fee MLS service in Boston. Not bad!

How to FSBO South End Boston Condos

Some of the difficulties that FSBOs face when trying to sell by owner without a Realtor include getting the right FSBO price, and selling within a planned length of time. Our How to FSBO Massachusetts Guide gets FSBOs pointed in the right direction and thinking about and preparing for key activities during the home selling process, especially as a FSBO selling without a listing broker. The guide does a great job of setting expectations about the FSBO process, and outlines key milestones of selling by owner.

Some of the Boston FSBO statistics you’ll discover below will help put your mind at ease about selling by owner – listing on the MLS without a Realtor is both possible, and can be very profitable.

South End Boston Flat Fee MLS

In the past 6 months, there have been 200 condominiums that have sold in the South End neighborhood of Boston. The average price per square foot of these condos has been $732, and the average days on market (DOM) has been 43. Of those 200 South End condos, 3 were sold as flat fee MLS entry only listings. 3 out of 200, or approximately 1.5%, is quite typical for the number of flat fee MLS listings in the Boston market – while we saw a record number of Massachusetts flat fee MLS listings in 2013, the majority of homes are still listed in the MLS by a traditional real estate brokerage charging a full commission.

What’s interesting to compare is the average price per square foot of those 3 South End Boston entry only MLS listings vis-à-vis the larger total, overwhelmingly a set of listings that were listed and sold by a Realtor charging a full real estate agent commission. In the South End, those 3 flat fee MLS listings that sold in the last 6 months had an average price per square foot of $750, and an average days on market (DOM) of 25.

That said, over the past 6 months in the South End, flat fee MLS listings outpaced homes sold by traditional real estate brokerages charging a full listing commission – price per square foot sale prices on flat fee MLS listings in Boston’s South End were about 2.5% higher than those listed and sold by a traditional real estate agent, and the flat fee entry only MLS listings sold nearly twice as fast.

Feb 28 2014

Milton Massachusetts FSBO Uses Flat Fee MLS Listing

The average number of days on market (DOM) for a home to sell in Milton Massachusetts is 71. Over the past six months, homeowners in Milton (zip code 02186) have persevered through the home selling process for nearly two and half months, on average, before a mutually agreed upon offer is accepted, and a sale is made. What if you could sell your home in a fraction of that time, and not pay a real estate agent commission to list your home for sale, would you be interested?

One of the most recent single family homes in Milton to go under agreement is 94 Nahanton Ave Milton, MA 02186. Instead of 71 days on market, 94 Nahanton Ave went under agreement in 5 days.

Yes, 5 days, that’s about 14 times faster than average. What’s interesting is 94 Nahanton Ave was listed for sale as a flat fee MLS entry only listing, meaning, the owner pursued a for sale by owner (FSBO) approach, paid a one-time flat fee to list their home in the MLS system of Massachusetts, and have saved themselves the burden of paying traditional real estate listing broker commission.

With a listing price of $895,000, the Milton FSBO at 94 Nahanton Ave is poised to save approximately $22,000 in real estate agent commissions by listing their own home for sale without a Realtor.

Milton Massachusetts Flat Fee MLS

Selling 14 times faster than average in real estate screams one thing, exposure. The FSBO at 94 Nahanton Ave leveraged the flat fee MLS service at Entry Only New England knowing that their listing would quickly and easily be entered into the official Massachusetts MLS and then immediately syndicated to all of the most popular real estate websites. That combination drives tremendous exposure for the property, regardless of whether it was listed for sale by a traditional real estate agent charging a full commission, or via a one-time flat fee MLS approach.