ForSaleByOwner.com is a website that encourages sellers to bypass Realtors & try to sell their home by themselves.  Ugh!  Obviously I'm biased, but hey, live and let live.  If people want to take a stab at For Sale By Owner (ie FSBO), go for it.  But  well over 80% of FSBO's eventually have to list with an real estate agent to get their house sold.  It's harder than it looks! 

Apparently, the founder & COO of ForSaleByOwner.com learned that the hard way.  The Wall Street Journal reports he could not sell his own 2 bd Chelsea apartment after 6 long months.  He finally relented & hired a Realtor who got it sold for $2.15M.  Basically, this guy has no problem charging sellers to be his FSBO site without Realtor representation, but he himself hires a Realtor to sell his own place.  What does that say about the value of a Realtor?

Below LogoTV viewer asks me if they should sell their house without an agent. Ummmmm, if the guru of ForSaleByOwner.com can't do it, what makes you think you can!? 

UPDATE: Agent Genius quoted me about this story. Clearly, this struck a cord in people b/c the on-line reactions are off the charts!!