For Sale By Owner.com (FSBO) is a well known website in the real estate community that encourages home owners to sell their homes without following the traditional methods of having a real estate broker. This modernized method eliminates home owners from having to pay a commission percentage therefore making more of a profit.
But even the most independent individuals need help. Recently, the founder of FSBO, Colby Sambrotto, sold his 2 bdrm NY condo with the help of a real estate broker and yes he did pay the standard 6% commission.
According to the Wall Street Journal, Sambrotto spent 6-months trying to sell his condo through online listing and classifieds but was unsuccessful. He eventually turned the sale over to a professional who was able to modify the listing. The price was set $150,000 higher than the original asking price and was able to attract the buyers that his “self-method” failed to bringing in.
The condo is now under contract but Sambrotto “still believes in owner sales and discounted commissions” despite the fact that he didn’t practice what he preaches.
Read more: ‘For Sale By Owner’ founder sells his home… using a real estate broker Home Owners, interested in listing your home? I can help you:
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Feel free to contact me anytime Norm at callnorm.com Make it a great day! www.callnorm.com Keller Williams Realty
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