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.
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
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.