Buy homes that are For Sale
By Owner and save thousands on commissions and other real estate fees.
For Sale By Owner (FSBO) homes are listings that aren't associated with a real estate agent or broker.
As with most real estate opportunities, these situations have positive and negative advantages.
Without a broker or agent, For Sale By Owner homes are commission-free, which means that the owner might be willing to accept a lower offer because, in the long run, he or she will still make more profit on the sale.
However, real estate transactions — especially for a person with no previous experience — can be complex. There are forms to fill out and papers to file — important tasks that are often completed by the broker or agent.
If interested in a For Sale By Owner home, it is highly recommended that a lawyer or some other experienced individual is involved in the process to ensure that the deal is done right.