You would think that the CEO of ForSaleByOwner.com would not hire an agent to sell his home. That was the exact approach by Colby Sambrotto listing his prestigeous home at just under $2million as a FSBO for six months. Ultimately the home didn't sell so he contacted a realtor. The new MLS listing was much higher than his original offer price and his home did sell.....at $2.15 million.
Numerous studies have shown that For Sale By Owner (FSBO's) when sold earn far less on average then their true value.
"In fact, nearly a quarter of FSBOs surveyed said that “Getting the right price” was the hardest thing for them to do, even ahead of “having enough time to devote to all aspects of the sale” (23%) and “preparing/fixing up the home for sale” (18%)."
Mail Online from the UK.
Notice how Forsalebyowner dot com didn't publicize this. It speaks volumes of how much our clients truly need us, and especially when the CEO of a company like this cannot rely on his own firm to get the job done. Great article!
ReplyDeleteJudy Szablak
www.TheCTrealtyBlog.com