Definitions for "For Sale By Owner"
A generic term meaning that the home is being sold by the owner without the assistance of a Realtor.
Homeowner acting as salesperson for his own property. No listing commission is paid but a sales commission may be paid to a buyer's agent.
Some owners choose to sell their own property without the aid of real estate broker. "For Sale By Owner" properties are often a source of listings when the owner is unsuccessful finding qualified buyers.