As the market weakens are fewer sellers going to go the FSBO route? This question occurred to us as we were perusing the Douglas Elliman website yesterday and came across a listing for 273 Prospect Place. The address rang a bell so we searched the Brownstoner archives and discovered that we had featured it as an Open House Pick back on August 4th when it was a FSBO. Presumably the seller was unable to move the place on his/her own and decided to let a pro try while keeping the price the same (with the obvious result of a lower net price post-commission). Have you heard of other examples recently of FSBOs throwing in the towel? By the way, there’s an open house at this place scheduled for this weekend.
273 Prospect Place [Douglas Elliman] GMAP P*Shark
Open House Picks 8/4/06 [Brownstoner]