The founder of For Sale By Owner.com Uses and agent to sell his home!

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ForSalebyOwner.com Founder Uses Agent to Sell Home

DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 09, 2011

The founder of a popular for-sale by owner Web site 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, the founder and 

former chief operating officer of ForSalebyOwner.com, tried to sell the 

property himself by listing it online and through classified ads, but after six

months of it 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 

recently for $150,000 more than the original asking price. 

Source: “DIY Guru Gets Broker Help,” The Wall Street Journal (Aug. 3, 2

JUNE 2011 STATS from Outer Banks Board of Realtors

Overall- Sales for June were up by 3% from one year ago and 12% from last month. Residential Property Sales in 200k to 499k range were the hottest properties with sales up 7% since last year and 48% since May.

Distressed Residential Property Sales were down 6% from last year, however the number of sold short sale units was up 81% from a year ago. In comparison the number of sold bank owned units were up 11% from May, but was down 48% from last year.


Median Sales price for single family detached homes was down 7% from last year and down 17% from last month. The median sales price for condos was down 36% from last year, however the median sales price was up 28% since last month.

Inventory- Overall inventory has declined over past year by 14% and land has declined 15%.

Foreclosure Report- Dare County foreclosure are up 28% in June/2011 with 50 units over May/2011 with 39 units.