What is a FSBO (For Sale By Owner)
This is a method of selling property without the use of an agent or broker. Generally, the reason that the seller does not use the services of an agent or broker is because they want to avoid paying a commission for the transaction.
By not using a real estate agent, the seller assumes all the responsibilities of completing the transaction. Depending on the experience of the seller, avoiding the commission can still become costly. Those who have little knowledge about the transaction process, can find it very stressful and find they would have been better off using a qualified real estate agent.