Jan 11 2014

Boston Flat Fee MLS Listing Saves FSBO $23,955

The Boston real estate market is off to a fast start to the year, despite the bitterly cold weather brought on by the “polar vortex” of the 2013-2014 winter. One of the very first Boston condos to sell this year is a South End duplex condo at 85 Dartmouth St Unit 1 Boston, MA 02116 that sold for full asking price of $970,000.

Boston Flat Fee MLS

The owner of 85 Dartmouth St Unit 1 decided to sell their own home without an agent using a flat fee MLS approach, whereby a for sale by owner (FSBO) pays a one-time flat fee to have their home listed in the official local Boston MLS, drive a ton of exposure for the property, and avoid paying a listing broker commission.

A Boston flat fee MLS listing like this can save a FSBO thousands of dollars in real estate agent commissions and fees. In the case of 85 Dartmouth St Unit 1, the FSBO saved $23,955.

A Boston South End FSBO at 85 Dartmouth St saved $23,955 in real estate agent commission and fees by using a flat fee MLS entry only listing to sell their duplex condominium without an agent.

South End Boston Entry Only MLS

Over the past 6 months, there have been 290 South End condominiums that have sold, the average days on market (DOM) has been 32. The South End FSBO at 85 Dartmouth Street listed their condominium without a Realtor, got their full asking price, and sold in just 9 short days!

Entry only MLS listings hit record levels in 2013, and with the opportunity to save thousands of dollars in real estate agent commissions and fees by selling your own home without an agent, FSBOs are continuing to turn to flat fee MLS listing platforms like Entry Only New England.

Oct 16 2013

Boston Entry Only MLS Listing Goes Under Agreement Fast

We recently brought you news of one of the latest Boston condominiums to hit the MLS for sale, it was a South End Boston flat fee MLS listing at 85 Dartmouth Street. The FSBO seller listed the duplex condo for $970,000 using our flat fee MLS service – so the seller was able to get their condo listed for sale in the MLS, garnering the exposure that the MLS provides, but avoid paying a commission to a listing broker.

85 Dartmouth Street Unit 1 has already gone under agreement, with days on market (DOM) of 9, selling three times faster than the average South End condominium being listed for sale by a traditional listing agent charging a typical real estate agent commission.

Boston Flat Fee MLS Listings Prove Effective

Staying in the South End of Boston, let’s compare and contrast condominiums that have sold or are under agreement using a traditional full commission approach versus an entry only MLS flat fee listing approach.

Over the past 6 months there have been 426 condominiums that have either sold or are currently under agreement to be sold. 99.3% of these condos were transacted under a full commission sales approach. The average days on market (DOM) (i.e. how long it takes to find a buyer and sell) for those full commission listings is 28 days with an average price per square foot of $704.

Contrast that to the 3 condominium listings of the 426 that were sold using an entry only MLS approach (i.e. where the seller is a FSBO and does not pay a real estate agent commission to a listing broker, but rather, pays a one-time flat fee to get their home into the MLS). The average days on market (DOM) for the 3 flat fee MLS listings in Boston’s South End is 22 days with an average price per square foot of $751.

Boston entry only MLS condo listings in the South End are selling approximately 19% faster and for 6% more per square foot than condos being listed and sold with Realtors for a full commission.

Oct 08 2013

Flat Fee MLS Listing for Boston South End FSBO

As flat fee MLS entry only listings take hold across Massachusetts, the latest listing to hit the market for sale in the South End of Boston is an entry only MLS listing at 85 Dartmouth Street near the border of the South End and Boston’s Back Bay.

85 Dartmouth Street #1 Boston, MA 02116 is a 2 bedroom 2.5 bathroom 1,450 square foot South End duplex condo listed for sale at $970,000 ($669 per square foot). In comparison, there are currently 59 South End condominium listings in the MLS for sale, with an average list price of $939,776, and average living area of 1,281 square feet ($723 per square foot).

85 Dartmouth Street #1 has been listed for sale by owner in the local MLS with the help of Massachusetts flat fee MLS listing service Entry Only New England. The FSBO seller has foregone a standard real estate agent commission listing and has opted for a flat fee MLS entry only listing instead, where the owner sells their own home without a Realtor, and keeps the listing agent commission (in this case, approximately $24,000).

How to FSBO Boston South End

Over the past six months, Boston’s South End neighborhood has seen 371 condominiums sell, with an average sales price of $774,309 ($701 per square foot) and average days on market (DOM) of 26. Looking at those statistics, a for sale by owner (FSBO) seller that decides to list and sell their own South End home without a Realtor will save approximately $19,350 in real estate agent commission fees. The best way to drive exposure for a home is via the Internet enabled multiple listing service (MLS).

And that’s where a Massachusetts flat fee MLS listing service like Entry Only New England and FSBOs unite. For a one-time flat fee, a South End Boston FSBO seller can get their home listed for sale in the official local MLS system for a one-time flat fee. Once the condo is in the MLS, it’s syndicated to literally thousands of different websites. With approximately 90% of buyers starting their search online, having a property listed in the MLS is the starting point for driving maximum exposure and getting your home in front of buyers.