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!!
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!!
