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In 2001 an independent
consultant and an MBA by training accepted a job
as manager of an out-of-town multi-million business. He and his
family decided to sell their home themselves (For Sale By Owner–FSBO)
in order to save thousands of dollars in real estate commissions.
He successfully sold their home and saved many thousands of dollars
in real estate commissions. However, during the process he realized
that no help was available locally, and that the only advertising
in town he could afford were small “For Sale By Owner”
ads placed in the Local Newspaper. TV was too expensive, eye-catching
color photos were prohibitive in cost, and there was no local internet
advertising.
The more he thought about
the lack of help for people who wanted to sell their property FSBO,
the more he realized the need for a local FSBO advertising firm.
He discussed the development of a web-based advertising agency catering
to our local community but with national exposure with a friend,
who is a Ph.D. physicist and extremely knowledgeable in computer
technology. They enlisted the help of another Ph.D. who happened
to be an attorney.
These three spent the
better part of a year developing concepts, writing business plans
and feasibility studies, doing cost analysis studies, becoming very
familiar with web-based FSBOs, writing computer programs, and writing
step-by-step instructions and sample documents to assist potential
home sellers and buyers in the process of selling their home themselves.
YourCity LLC was registered
as a limited liability company with the State of Tennessee with
ClarksvilleFSBO.com. as a subsidiary.
After months of refining
ClarksvilleFSBO.com, they realized they had the best product on
the market. They bought URLs, copyrighted their materials, trademarked
their logos, and obtained a patent pending on their Virtual Tour.
ClarksvilleFSBO.com was now ready to be introduced to the community,
but needed market exposure. And they knew the man to do it.
A prominent local businessman
and former manager of a family-owned multi-million dollar business
was brought into the firm as President and CEO. Meetings were
held and a sufficient number of partners were found to provide the
capital to grow YourCityFSBO.com (called ClarksvilleFSBO.com locally)
and develop its full potential. The list of Contributing members
reads like a who’s who of Clarksville and the surrounding
area.
YourCityFSBO.com now employs
a full-time web developer who keeps our web-based advertising firm
on the cutting-edge of technology. We are the future and we will
change the way real estate is sold in in this country.
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