Tribune Interactive, a subsidiary of Tribune Co., the parent company of The Baltimore Sun Co., has acquired ForSaleByOwner.com, a nationwide real estate Web site that connects homebuyers and sellers through private party residential listings.
Financial details of the deal were not disclosed. The company charges homeowners an advertising fee to list a property on the Web site. Prospective homebuyers may search the site for free.
The firm says it currently lists tens of thousands of homes on its site. In 2005, ForSaleByOwner.com saw more than 1.6 million average monthly unique visitors, according to comScore Media Metrix.
“Our acquisition of ForSale ByOwner.com extends our long history of providing consumers with the opportunity to advertise a home for sale as a private-party listing,” said Tim Landon, president of Tribune Interactive. “We also remain strongly committed to Realtors, to whom a majority of consumers turn for real estate transactions.”
