Selling a home on your own can be an appealing idea for some homeowners who prefer to take charge. By choosing to sell by owner, or FSBO, they bypass the need for a listing agent and directly put their home on the market.
It’s not a common way to sell a home but if you’re up for it, and up for saving some money – here’s what you need to know.
What is for sale by owner, or FSBO?
A home listed as “for sale by owner” or FSBO means that it is being sold directly by the owner, without involving a real estate agent.
Why would a home seller choose to do for sale by owner?
Some homeowners choose FSBO as they prefer not to pay a listing agent and may have prior experience selling property, giving them a sense of familiarity with the process.
Not certain if you can handle or want to take on the process?
Sound like a lot of work? Better call in an experienced broker and attorney to represent your interests in your for sale by owner transaction. They can save you a lot of time, money and legal issues in the end.
