How to FSBO Boston Massachusetts
Despite the National Association of Realtors loudly speaking out against selling your home without a Realtor, a For Sale by Owner (FSBO) approach is definitely worth considering in today’s Internet-enabled MLS real estate market.
With typical Massachusetts real estate agent commissions and fees at approximately 6% of a home’s sale price, Boston home sellers are well served to explore how to FSBO their own home. While a FSBO approach is not for everyone, it opens a home seller up to the possibility of saving thousands of dollars for taking on common tasks handled by a listing broker.
How to Sell Boston For Sale by Owner
Naturally, there’s a process that a home seller needs to follow if they want to sell a home without a Realtor.
- Prepare to FSBO
- Market and Promote your FSBO
- FSBO Massachusetts real estate paperwork
- Closing your FSBO
For a detailed review, see how to FSBO Boston Massachusetts.
Tips for Selling Your Boston Home FSBO
The key to driving exposure for a Boston FSBO is the multiple listing service (MLS). A homeowner trying to sell without a real estate agent must get their home and its photos into the MLS. Once a property is in the MLS, it will be syndicated to thousands of popular websites, and with more than 80% of buyers starting their search online, being in the MLS is a must.
So how do you list your home in the MLS?
In the past, a home seller would need to hire a listing broker that charged full commission to list a home in the local MLS. Today, home sellers can take advantage of a flat fee MLS listing service to get their home in the official local MLS. The one time flat fee is far less than a typical real estate commission.
Once a home is in the MLS, it will be syndicated to thousands of websites, including Realtor.com, and from there, a Boston FSBO takes on many of the common practices of a listing agent in an effort to sell their own home – scheduling and attending showings with buyers, conducting open houses, negotiating offers to purchase, etc.
Hiring a real estate attorney to assist a FSBO is a great idea – a real estate attorney oftentimes charges a flat fee and can assist with many of the tasks associated with a real estate transaction.