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.

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