What is a FSBO

The acronym FSBO simply means For Sale By Owner. The term is predominantly used in the world of Real Estate. When someone sells their home without the use of a real estate agent they are selling their home on their own or they are For Sale By Owner. The benefit of being a seller and being a FSBO is that you don't have to pay a real estate agent a commission to sell your home and you can put more of the equity in your pocket at the time of closing. Buyers assume that since no commission is being paid to a Realtor they can get a better price. This assumption may not always be true since the seller probably isn't going to pass the benefit on to you as the buyer. It is mainly held to be more of a benefit to the seller of real estate and not the buyer.

GetPrequalified.com