Sunday, May 19th, 2013

DIY Guru Gets Broker Help

August 3, 2011 by duquetj  
Filed under Blog, News, News

BY JOSH BARBANEL Wall Street Journal

A founder of a website dedicated to direct sales of homes by their owners has sold his two-bedroom apartment in Chelsea for $2.15 million—with the help of a real-estate broker and a standard 6% commission.

Colby Sambrotto, a founder and former chief operating officer of ForSalebyOwner.com, a large website for owner sales, spent six months trying to sell his condominium himself through online listings and classified ads, before turning over the listing of the 2,000-square-foot apartment to a broker at Bond New York in November.

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