BrokerageIndustry News

Pioneering FSBO company files for liquidation

Florida-based Buy Owner has operated in 10 markets

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

A Florida-based company that helped for-sale-by-owners market their properties around the country has reportedly filed for liquidation.Buy Owner of South Florida Inc., which does business as Buy Owner, has turned over its assets to Michael Moecker & Associates, an auction firm that liquidates insolvent companies, DailyBusinessReview.com reported.The auction firm told DailyBusinessReview.com that it will continue operating the BuyOwner.com website and provide services to consumer for the time being, in order to continue generating revenue to pay off creditors.The Deerfield Beach-based company does business in 10 markets, including Miami, Chicago, Dallas and Atlanta, Daily Business Review reported.According to the company's website, Buy Owner was established in 1984 and expanded to the Internet to become "the first 'by owner' " company to provide magazine-quality text and pictures to a real estate website."Buy Owner promises to provide exposure for clients' properties ...