ForSaleByOwner.com Bought By Quicken Loans Owner

ForSaleByOwner.com Domain Bought By Quicken Loans Owner Dan Gilbert For An Estimated $3.2 million

In-House Realty has purchased ForSaleByOwner.com an estimated $3.2 million. In-House Realty is owned by Rock Holdings. Rock Holdings is also the parent company of Quicken Loans and One Reverse Mortgage. Dan Gilbert of Quicken Loans fame owns Rock Holdings.

ForSaleByOwner.com is a real estate website that allows homeowners to market their homes without a realtor. 

Rock Holdings has not disclosed a sale price. However, several domain valuation websites estimate the site's value at $3.2 million. The site's value has jumped by 10 times since February when the site was only valued at $328,000.

It seems like In-House Realty CEO Doug Seabolt like throwing around Dan Gilbert's money. The only way for the value to jump that high that quickly is if In-House paid overpaid for the site. So why would In-House Realty and Rock Holdings pay 1000% more for a site than it was actually worth?

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