ByTheOwner

Infobox Company
company_name = ByTheOwner.com
company_
company_type = Private
foundation = Charny, QC (1997)
location = Quebec, Montreal, Toronto
key_people = Nicolas Bouchard, president and CEO
industry = Real estate, advertising
products = Real estate advertising services
revenue =
operating_income =
net_income =
num_employees = 70+
parent =
subsid =
homepage = [http://www.bytheowner.com www.ByTheOwner.com]
footnotes = French Website [http://www.Duproprio.com www.Duproprio.com]

ByTheOwner is a Quebec-based For Sale By Owner advertising company that lets consumers buy and sell properties without using a real estate agent. Established in 1997 in Quebec City, the company began operation under the French website directduproprio.com. The French website was changed to Duproprio.com in 2005. The English website, ByTheOwner.com was registered in 2001. However, it was not until 2003 that the company expanded to Ontario in 2003, British Columbia in 2006, and Manitoba, Nova Scotia, and Prince Edward Island in 2007. The company claims to have sold more than 5,000 properties in 2007, which is approximately 1% of all the homes in Canada.Fact|date=May 2008 In 2007 the company ranked #90 on "Profit Magazine"s top 100 fastest growing Canadian companies [ [http://ca.pfinance.yahoo.com/ca_finance_general/261/seize-the-day McElgunn, Jim, "Seize the day!", "Profit Magazine" (Canada), June, 2007] Retrieved 7 Dec 2007] [ [http://www.canadianbusiness.com/rankings/profit100/list.jsp?pageID=profile&profile=90&year=2007&type=profile&listType=P100 Profit Magazine, "19th annual Profit 100 ranking of Canada's Fastest Growing Companies", "Profit Magazine" (Canada), June, 2007] Retrieved 7 Dec 2007] , 2008 ByTheOwner.com ranked number 111 on Profit Magazines Fastest Growing [ [http://list.canadianbusiness.com/rankings/profit100/2008/DisplayProfile2.aspx?profile=11 "Profit Magazine - 20th annual Fastest Growing Canadian Companies" (Canada), June, 2008] Retrieved 10 June 2008] .

The website – which charges a seller $300-$650 to list a home for six months – has 5,000 listings across Canada and boasts of six million page views a month. [ [http://www.thestar.com/Article/256094 Swainson, Gail, "Cheaper ways to sell gaining ground", "Toronto Star" (Toronto), Sept 15, 2007] Retrieved 7 Dec 2007]

The Canadian Real Estate Association, 75% to 80% of homes in Canada were sold through brokers. Conversely, it would appear that "Sale by Owner" accounts for some 20% or 25% of the remainder. [ [http://www.theglobeandmail.com/servlet/story/LAC.20040925.STHOUSE/TPStory/?query=David+Akin Adkin, David, "Conducting the ultimate yard sale", "Globe and Mail" (Toronto), Sept 25, 2004] Retrieved 19 April 2007] .

More owners selling their own property are using online marketing companies to advertise their properties. [ [http://www.canada.com/montrealgazette/news/business/story.html?id=b34732f3-95bc-4697-ab0f-66f5eaad8706&p=1 Dougherty, Sarah, "Turf war on the Web", "Montreal Gazette" (Montreal), Nov 17, 2007] Retrieved 7 Dec 2007] Large commissions charged by real estate agents are a main reason that owners choose to sell their home without a real estate agent [ [http://www.citynews.ca/news/news_2385.aspx CityNews.ca Staff, "How To Sell Your Home Online", "City TV News" (Toronto), Aug 1, 2006] Retrieved 7 Dec 2007]

References

External links

* [http://www.bytheowner.com Official website]