2013 was a banner year for Massachusetts property owners selling their own homes without a Realtor. In 2013, for sale by owners (FSBOs) saved on average $10,874 in real estate agent commissions and fees when listing and selling with an entry only MLS listing from Entry Only New England.
Our clients consistently saved on commissions and fees when leveraging our platform this past year, on average they saved over $10,800 per listing of a single family home or condominium! We’re talking real equity back in a seller’s pocket,” said Dean Charles, spokesperson for Entry Only New England, the first and only all digital flat fee MLS entry only listing platform serving Massachusetts.
MA Entry Only MLS Listings Hit Record Levels
While the majority of property is still listed by a Realtor charging a full commission, popularity of entry only MLS listings is growing. An entry only MLS listing (learn more) allows a property owner to list their property in the official local multiple listing service (MLS) for a one-time flat fee, as opposed to paying a listing agent a percentage of the sale price. An entry only MLS listing looks no different in the market than a full commission listing, and flat fee MLS entry only listings get syndicated to all of the most popular real estate websites.
2013 was a record year for entry only MLS listings sold in Massachusetts. There was a total of 1,477 properties that sold or were rented as entry only MLS listings across a number of property types, including single family homes, condominiums, multi family, land, and residential rental.
2013 saw the highest total of flat fee MLS listings sold in Massachusetts ever. Massachusetts FSBOs are coming out to capitalize on rising home prices, and are selling without a Realtor to put additional savings in their pocket to take to their next transaction.