Perhaps it is an easy for many of us. A genius registers a domain name, designs and website or blog and works on it for a few months and after he sells to someone. It is his business. Or you want to buy a blog that is already well established and having good ranking. But buying and selling is not possible with platform or a market place. I have found some of market places where you can buy and sell your blogs and websites.
(1) Flippa:
Flippa is a leading marketplace for buying and selling websites.
(2) Sitepoint Market place:
I know sitepoint as a good blog where you can found interesting stuff that may useful for you. And they are well known for giving away free eBooks. But they are also a market place for buying and selling websites and blogs. It is not just for buying and selling sites so here you will find many services.
(3) Digitalpoint:
Digitalpoint is most popular web forum and it has a section for selling websites but website should be having content, it should not be just a domain name.
(4) SEDO:
Sedo is another place where you can sell websites. When someone buys your website Sedo takes some money from you as commission.
(5) Websitebroker:
here you can buy and sell website and domain names.
(6) Buysellwebsite:
Here you can sell your website but you have to pay for listing.
(7) Dealasite:
It is a free website for both buyers and sellers.
(8) Websitesforsales:
It is another marketplace for buying websites.
(9) Websiteslate:
You have to pay only one dollar for registration and you can list your website for free.
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Wow, Madhav this is a nice list. My Favorites are DP, Flippa and Sitepoint. Well sometimes Ebay also works when selling sites ;)