An established online platform specializing in "for sale by owner" advertisements for homes, land, businesses, and commercial properties across the USA, Canada, and Australia is now for sale. The current owner, dealing with incurable Progressive MS, is compelled to sell the business, which has shown healthy profits in the past. However, it has not been actively managed for the past two years and requires a robust and healthy new owner. The site was recently appraised at $15,000 as of early July 2008.
The business generates revenue through a monthly subscription fee of $18 or a one-time fee of $39.95, which lasts until the property is sold. This fee allows customers to have their own dedicated web page, featuring property images, detailed descriptions, a section for personal description, and contact information for potential buyers.
The site attracts traffic primarily through search engines and caters to individuals interested in buying or selling properties on a "for sale by owner" basis, with listings in the USA, Canada, and Australia. The platform has facilitated the sale of properties not only within these countries but also in regions such as Costa Rica. This venture presents an opportunity for someone to reinvigorate the business, leveraging its established presence in the real estate advertising market.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself, or use our new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More