The key to innovation lies in forgetting tradition and focusing on adding value … we are creating a company that will change the industry for the better.
Boston, MA (PRWEB) December 05, 2011
MungoList.com is an innovative real estate start up dedicated to changing the way real estate is listed, purchased, and sold. The first service launched by MungoList aims to help home owners sell their homes by providing free MLS access without hiring a full service real estate agent. Typically a seller would either have to hire a full service agent and pay a commission of 5%-6% or pay an entry only service fee of $300 - $500 to list their home in MLS. On MungoList, however, a seller can list their home in MLS for free until it sells.
Here’s how it works: When a seller lists their home on MungoList, they are given the option of listing their home in MLS as well. Once a seller opts into the MLS listing service, their home is then syndicated to MLS by a MungoPro. If a seller is successfully able to find a buyer on their own, no commission is paid. In the event that an agent finds a buyer, a commission is only paid to the agent that is representing the buyer. The commission amount is based on a set amount offered by the seller.
In addition to listing a property in MLS, a MungoPro can assist a seller by helping them list for the right price, preparing and staging a home to be sold, understanding the paper work, providing showing coverage as needed, and answering any additional questions they may have. These services are provided based on a “fee for service” model so a seller only pays for the services needed to help them sell.
MungoList is the first service that truly enables a seller to measure the value received from using a real estate agent. The goal is to add value by empowering a seller to pay only for what they need to help them sell their home. The current real estate models make it very difficult for sellers to really know what they are paying for, and MungoList aims to change that. Over the months to come, the MungoList team will be rolling out new services aimed at assisting sellers, buyers and agents in a way that has never been done before. CEO and founder Robert Nichols believes that, “The key to innovation lies in forgetting tradition and focusing on adding value … we are creating a company that will change the industry for the better.” The first seller to use MungoList to sell saved over $10,500 in commissions, and received an offer within 48 hours based on the pricing analysis done by his MungoPro.
With MungoList, sellers are empowered to save thousands of dollars because they are no longer forced to pay a commission just because they require “some” assistance. On MungoList.com, the focus is on adding value and not on forcing a seller to pay unnecessary commissions and fees.