With more and more people becoming “internet savvy”, many homeowners decide to try to sell their homes themselves (FSBOs) by using some of the popular FSBO websites. These FSBOs believe that they can save money in the sale of their homes by not having to pay commission to a REALTOR. Selling a home without the help of an expert (a REALTOR) is not as easy as people may think, and may even be more costly to sellers.
Read the article regarding Colby Sambrotto, the founder and former CEO of forsalebyowner.com.
It seems the founding father and lifelong evangelist of the concept of selling your home without a real estate agent was forced to hire a broker to sell his home after failing at what he preaches others should do. After failing to sell his NYC apartment on his own as a For Sale By Owner (FSBO), Sambrotto hired a broker and paid a 6% commission in order to get the job done. His personal experience helps refute some of the myths Sambrotto has been espousing for over a decade.