What Does FSBO Mean in Real Estate?

What Does FSBO Mean?

In real estate, "FSBO" stands for "For Sale By Owner." It refers to a property that is being sold directly by its owner, without the involvement of a real estate agent. Owners choose the FSBO route primarily to avoid paying commission fees to real estate agents, which typically range from 5% to 6% of the sale price. Handling the sale process themselves, owners are responsible for all aspects including marketing, showing the property, negotiation, and the paperwork involved in the sale. This approach can save money, but it also demands significant effort and knowledge of real estate transactions from the owner.

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