You might be surprised to hear that after six months of running online classified ads and promotions on FSBO sites, the founder and former CEO of ForSalebyOwner.com, Colby Sambrotto opted to hire a real estate agent to list his 2,000 square foot New York condominium.
After giving up on the DIY route, Sambrotto’s decision to hire a real estate agent led to attracting multiple offers, and closing for $150,000 over the original asking price. The Wall Street Journal reports the listing sold for $2.15 million including a 6% commission.
This news serves as an enormous validation of the real estate profession and while some may find this ironic, it is no laughing matter and the former FSBO CEO made a wise financial decision.
Homeowners considering an attempt at selling their home For Sale By Owner (ie FSBO) should be aware... read the rest of the article For Sale By Owner : Why It's So Hard to Sell Your Own Home
No comments:
Post a Comment