Wednesday, June 20, 2007

Flat Fee MLS in Massachusetts


More and more homeowners these days are choosing to sell their properties without the representation of a seller's broker. With any major decision, there are both pros and cons that need to be considered and worked out. A seller's broker can offer valuable advice, provide marketing services, and tap into their own real estate network. For this array of support, they are compensated with a commission, generally between 2% and 3% of the closing price. However, if a homeowner decides to sell their property on their own, then they are able to retain this amount of money for themselves. Until recently, this option was less attractive then using a seller's broker, only because the broker could offer services that the homeowner couldn't attain by themselves.

Today, homeowners now have access to using the Multiple Listing Service, a tool essential to real estate professionals. Homeowners can submit their properties as an Entry Only Listing through a real estate brokerage. It's termed "Entry Only Listing" because that is the only duty of the brokerage, to enter the property into the MLS. The rest of the duties associated with the marketing and selling of the property are the responsibility of the homeowner. The cost of this service is generally only a couple of hundred dollars. It's no wonder many homeowners are venturing down this path when you compare this amount to the thousands, if not tens of thousands, of dollars a homeowner must relinquish for a seller's commission.


Boston Condo Group offers their own Entry Only Listing Service, assisting sellers by placing their properties on the Multiple Listing Service. For more information, please click the following link - Massachusetts Flat Fee MLS

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