From the files of stranger than fiction, the founder and former CEO of ForSalebyOwner.com, Colby Sambrotto, was unable to sell his OWN HOME so he turned to a licensed real estate Broker to get the job done. According to The Wall Street Journal, Mr. Sambrotto gave up the FSBO route in favor of hiring a broker. This good decision resulted in attracting multiple offers for his 2000 square foot condominium in New York and a final sales price $150,000 more than the original asking … (74 comments)
fsbo: Met with a FSBO yesterday
- 07/09/06 03:29 AM
As mentioned in a recent, FSBOs often price their homes too high. In completing a comparative market analysis for a FSBO yesterday, we found that they had their home overpriced by a minimum of $30K. In fact, the home should be priced about $40K less than they have it to be in line with 'sold' comps for the last 6 months. They may find a buyer (because many buyers work under the misconception that they are saving money by purchasing from a FSBO - both sides of the deal DO NOT get the benefits of not paying real estate commissions), but even if they … (1 comments)
fsbo: FSBOs in Today's Market
- 07/06/06 04:22 AM
In our Jacksonville market, we are beginning to get more and more inquiries from FSBOs. The reasons are pretty obvious, I suppose. Even homes listed in the MLS are taking MUCH longer to sell than they were just a few months ago so, without adequate marketing these homes aren't even being noticed. And to make matters even worse for those trying to sell on their own, they don't seem to be aware of the fact that double and triple digit appreciations are over (at least for the time being). In our farm area alone, we are seeing FSBOs at $15K to $50K … (1 comments)
Founder of For Sale By Owner Company Turns to Licensed Real Estate Broker for Help
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