Condo.com, Houses.com and now Property.com and Properties.com.
The new owner of Property.com and Properties.com is very familiar with online real estate sites: it already owns Condo.com, Condos.com, and Houses.com.
The buyer — which owns US Condo Exchange, LLC — was revealed today in a press release.
While the release says the sales price is confidential, Rick Schwartz tweeted several weeks ago that the combined price was $4 million plus equity.
Schwartz bought the property.com domain name for $750,000 in 2005.
He thought he had a deal to sell it once before to the owner of Foreclosure.com, but the deal went sour due to the buyer’s financial troubles.
The buyer plans to launch a site at Property.com in the fourth quarter of this year.
theo says
Love him or hate him .. He does keep selling those domains. 4 million in the pocket!
Poor Uncle says
You can’t go wrong with a name like Rick, or Frank.
mike mcnair says
I would never type in property.com
My guess is it gets 100 type-ins a day.
If it really sold for $4mm the person must have been born at night: Last night.
M. Menius says
Now this is real domain industry news. Thanks for posting this. And it is quite encouraging.
Domainer Extraordinaire says
Rick should be a domain broker and stop fiddle farting around with domain shows. He can out perform Sedo any day.