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Thinking About Selling "By Owner"? Read about this guy...

By
Real Estate Agent with Connect Realty, The Woodlands, TX

 

I received the following tidbit from a vendor this morning and found it very interesting...if not downright amusing, based upon those commercials on TV about selling your own home without a REALTOR and saving thousands!! 

ForSalebyOwner.com Founder Uses Agent to Sell Home

 

The founder of a popular for-sale by owner Web site used a real estate broker to help sell his 2,000-square-foot, two-bedroom New York apartment after it lingered on the market for six months. Colby Sambrotto, the founder and former chief operating officer of ForSalebyOwner.com, tried to sell the property himself by listing it online and through classified ads, but after six months of it sitting on the market, he sought the help of a real estate broker.

Broker Jesse Buckler told Sambrotto the condo was priced too low and wasn’t attracting the right buyer for the condo. 

"At first he wouldn't let me increase the price," Buckler said. "I told him I know what I am doing—the market is picking up."

The condo soon attracted multiple offers and ended up closing recently for $150,000 more than the original asking price. 

Posted by

Dana Wilkinson, Broker Associate   

Connect Realty, The Woodlands, TX   281-636-0634  Serving home buyers and sellers in Montgomery and North Harris counties.  I am a proud affiliate of Homes for Heroes!

                                                                                          

Comments (2)

James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

May 15, 2012 01:56 AM
Jeanne Brown
Chevaux Group @ RE/MAX The Woodlands & Spring II - The Woodlands, TX
Jeanne E. Brown

This also shows how you are the professional, and the leader, in the transaction with the client.  So often clients think they know how to price their homes and agents find it difficult to bring them back to reality.  Great job!

Jul 30, 2012 10:25 PM