Pronounced "fis-bo," FSBO stands for "for sale by owner." FSBO describes a homeowner that sells a home without the assistance of a real estate broker, agent or other intermediary. The owner hopes to sell the home at a lower cost since they can avoid a sales commission, luring potential homebuyers.
FOR SALE BY OWNER. An attempt by the owner of real estate to sell his or her property without using the services of a real estate broker. Quite often the owner believes that by selling the property without employing a real estate broker the commission will be saved and therefore the owner will end up with more money.
For Sale By Owner. 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.
FOR SALE BY OWNER. Selling your house without a real estate broker. Doing so can save you a commission but requires that you devote time and energy not only to marketing and showing the house but also to learning and following the legal rules controlling sales of real estate in your area. The acronym, FSBO is pronounced "fizzbo."
Stands for â€œFor Sale by Ownerâ€ (pronounced "fizzbo). A property and/or person that is marketed by the owner without the assistance of a conventional real estate broker. FSBOs account for approximately 20 percent of all real estate transactions.
For Sale By Owner. A selling method whereas the owner of the property acts as the selling agent and handles the sales process directly with the buyer or buyer's agent. This is most commonly done y owners in order to avoid having to pay a listing commission.
For Sale By Owner. Some owners choose to sell their own property without the aid of a real estate broker. "For Sale By Owner" properties can be a source of listings when the owner is unsuccessful in selling their property. back to the top