Buyer of Rick Schwartz’ Property.com and Properties.com Domain Names Revealed
Wednesday, July 20th, 2011
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.















Remember all those