New Redesign from ForSaleByOwner.com Makes It Easier to Sell and Buy Homes Without an Agent

Posted by ForSaleByOwner.com

NEW YORK, July 31, 2008 – ForSaleByOwner.com (http://www.forsalebyowner.com), the nation’s leading “for sale by owner” real estate website, today unveiled a redesign that boasts interactive mapping, enhanced graphics, new search options, and new real estate educational resources, making it easier to sell and buy real estate without using a real estate agent.

“Over the past several months, we’ve worked hard to create one of the best real estate searches on the Internet,” said Greg Healy VP of Operations. “Our redesign offers features such as mapping, interactive property searches and more exposure for open houses. Early indications are that our redesign is generating significantly more responses for our sellers.”

“Our technology leadership team of Stephen Osada, Ara Anjargolian, Anthony Ina and Michael Altman utilized the latest web technology to provide our customers with greater opportunities to showcase their homes to buyers who come to ForSaleByOwner.com,” added Healy.

Today’s announcement is the latest example of investments by ForSaleByOwner.com to strengthen its leadership position in the real estate industry. According to independent data from comScore, Inc., ForSaleByOwner.com receives more online visitors than many the of nation’s leading residential real estate brokerage companies and attracts nearly three times as many visitors as its next closest FSBO competitor.

According to studies by Northwestern and Stanford, “for sale by owner” sellers are as effective as agents in maximizing the sales price of a home. The studies also found that once commissions are factored into the equation, the FSBO seller gets more money for their home.

About ForSaleByOwner.com
ForSaleByOwner.com is the nation’s leading for sale by owner website. Since 1999, ForSaleByOwner.com has saved home sellers more than one billion dollars by providing premium Internet marketing services, property pricing reports, real estate guidance and information, downloadable legal forms, as well as live customer support, to help customers independently sell their own homes. The company offers a wide range of listing packages at varying prices that provide advertising, information, tools and resources to empower people to sell their homes themselves. In contrast, a person selling a $300,000 home through a real estate agent would be charged a 6% commission fee and pay approximately $18,000. Prospective homebuyers can browse property database, available at http://www.forsalebyowner.com, at no charge.