The founder of ForSalebyOwner.com, a popular for-sale by owner (FSBO) website, used a real estate broker to help sell his 2,000-square-foot, two-bedroom New York apartment after it lingered on the market for six months.
Colby Sambrotto, founder and former chief operating officer of ForSalebyOwner.com, tried to sell the property FSBO by listing it online and through classified ads – but after six months of sitting on the market, he sought the help of a real estate broker.
Broker Jesse Buckler told Sambrotto the condo was priced too low and wasn’t attracting the right buyer for the condo.
“At first he wouldn’t let me increase the price,” Buckler said. “I told him I know what I am doing – the market is picking up.”
The condo soon attracted multiple offers and ended up closing for $150,000 more than the original asking price.
Source: “DIY Guru Gets Broker Help,” The Wall Street Journal (Aug. 3, 2011)