With the potential to save thousands of dollars in real estate commissions, Boston and Massachusetts property owners are beginning to investigate how to sell by owner. With a for sale by owner (FSBO) approach to selling, Massachusetts homeowners are listing their own homes in the MLS without a Realtor and are eliminating at least half of Boston real estate agent commission fees – more and more sellers are learning how to FSBO Boston Massachusetts!
Selling Your Massachusetts FSBO Tips
Home sellers interested in selling a Massachusetts home without a Realtor must follow a checklist, including:
- For Sale by Owner preparation
- List, market, and promote your home like a pro
- Access and understand Massachusetts real estate paperwork
- Close your Massachusetts FSBO transaction
Massachusetts Flat Fee MLS for FSBOs
The internet enabled multiple listing service (MLS) is the cornerstone of any Massachusetts FSBO. When selling a home without a Realtor, property exposure is key, and the best way to drive FSBO exposure is via a listing in the MLS. A reputable and technologically advanced Massachusetts flat fee MLS listing service can list a FSBO in the MLS for a one-time flat fee.
Here’s an example of the costs involved in listing a home with a flat fee MLS listing service like Entry Only New England versus selling with a traditional real estate listing broker.
This real life example demonstrates a $395,000 home listed for sale with EntryOnlyNewEngland.com versus listing that same home with a traditional real estate brokerage.
Assume that for the entry only listing, you have decided to compensate a Buyer’s Agent (i.e. a licensed real estate agent representing the buyer of your home) 2.5%, and assume that for the traditional real estate brokerage listing you are being charged a 5% commission that the listing brokerage will split in half between themselves and the brokerage representing the buyer.
How to Sell Boston by Owner
In the example above with a $395,000 home, a Massachusetts FSBO would gain an additional $9,580 by selling their home without a Realtor using an entry only listing with EntryOnlyNewEngland.com versus listing for sale with a traditional real estate brokerage.