The latest single family home to sell in Palmer, Massachusetts was the 1,300 square foot two-bedroom two-bathroom at 104 Beech Street, Palmer, MA 01069. The Palmer FSBO seller saved $5,305 in real estate agent commission on the transaction.
Saved on real estate agent commission and fees, how is that possible? The seller, a for sale by owner (FSBO), used one of our flat fee entry only MLS listings to get their home into the official Massachusetts MLS system and eliminated the commission that a listing agent would typically charge – in the process the FSBO saved over $5,000!
Flat Fee MLS Palmer Massachusetts
Selling your own home, without the help of a Realtor, through the use of a flat fee MLS entry only listing can save you substantial amounts of money that would otherwise be paid in fees and commissions to a listing broker. In the case of the Palmer FSBO at 104 Beech Street, the home was listed for $233,000 and sold for $224,000 (96% sales to list price ratio). The FSBO paid a one-time flat fee to Entry Only New England to list the home in the MLS, skipped paying a listing broker, and saved $5,305 in real estate agent commission – that’s an additional 2.5% of equity captured that would have otherwise been given up to a listing broker from a traditional brokerage charging a full commission to list the home for sale in the MLS.
Palmer FSBO Sells Faster & For More Money Than Realtor
What is remarkable is the efficiency of entry only MLS listings in Palmer and how they compare to listings from real estate agents charging a full commission. Over the past six months, there have been 47 single family Palmer homes that have sold, two of them were entry only MLS listings from Palmer FSBOs, and those entry only MLS listings sold more than three times faster than their full commission listing peers.
Over the past six months, the average days on market (DOM), essentially the number of days that it takes for a property to sell, was only 28 days for entry only MLS listings and a whopping 94 days for listings from traditional Realtors charging a full commission.
So the flat fee MLS approach, without the Realtor, is yielding Palmer FSBOs home sales at three times the pace of homes listed and sold by real estate agents that charge a full commission. Sounds good, you sell your home faster with the flat fee MLS approach – that’s the data from the official Massachusetts MLS system over the past six months. If that wasn’t enough, entry only MLS listings in Palmer sell for more money than full commission listings from traditional agents – over the past six months, the 2 entry only MLS listings in Palmer yielded a sales price per square foot of $140, while the 45 homes sold by real estate agents yielded $107 per square foot.
Learn more about how our flat fee MLS platform works, how much will you save?