CHICAGO, May 22 (UPI) -- Tribune Interactive announced it has acquired popular nationwide real estate Web site ForSaleByOwner.com.
The popular real estate site, with some 1.6 million average monthly unique visitors, provides a database of properties, offers homebuying and selling advice and information on financial and moving services, as well as charges an advertising fee for homeowners to list a home for sale on the site, among other things.
Financial terms of the transaction were not disclosed.
"Our acquisition of ForSaleByOwner.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."
"The combination of ForSaleByOwner.com and Tribune is a natural fit, offering unmatched value and choice for consumers," added Damon Giglio, founder and president of ForSaleByOwner.com. "We've built the country's largest online source of private party listings, and we'll continue to grow our network to maintain that leadership."
