A tablet with the phrase "For sale by own...

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I came across an interesting story regarding Colby Sambrotto, the founder of website ForSalebyOwner.com. Sambrotto decided–after six months without any success–to give up on trying to sell his home without a Realtor. AGBeat reports:

Founder and former CEO of ForSalebyOwner.com, Colby Sambrotto listed his 2,000 square foot New York condominium on his own through online classified ads and FSBO sites, but after six months, he opted to hire New York broker Jesse Buckler who immediately advised a price change as the listing was not attracting the right buyer.

After giving up on the DIY route, Sambrotto’s decision to hire a broker led to attracting multiple offers, closing for $150,000 over the original asking price. The Wall Street Journal reports the listing sold for $2.15 million including a 6% commission.

You can read the rest of the original article by clicking here. All in all, I guess Mr. Sambrotto–like the majority of people who attempt to sell their homes on their own–discovered the hard way that he needed a professional real estate agent to get the job done.