History of For Sale By Owner
It is estimated that up to 30% of homes sold in the USA are sold by the "For Sale By Owner" concept, this is where people sell their property themselves thus not having to pay a commission to an agent. This meathod of selling is also very popular in Canada, Austraila, United Kingdom and more recently Ireland.
ForSaleByOwner.com (US Based) is one of the leading real estate websites in the USA and Canada. Since 1999, ForSaleByOwner.com claims to have saved more than one billion dollars for Homeowners by coaching and equipping them with information, tools and services that enable them to buy and sell houses directly. Over a 100,000 homes have been sold via their website, they have 28,000 listings on their site at any one time and have 2 million viewers every month. ForSaleByOwner was acquired in 2006 by Tribune Interactive and is based in Chicago.
ForSaleByOwner.ie & ForSaleByOwner.uk.com
By selling directly Homeowners can control costs and fees. ForSaleByOwner.ie charges €88. A homeowner selling a €300,000 home through a real estate agent are charged on average 1 1/2 % plus vat at 21% commission this amounts to approximately €5,500, plus additional outlays like advertising, signage and brouchers.