Definitions for "For Sale By Owner"
Related Terms:
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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.
Homeowners who sell their homes without the assistance of a real estate agent
(FSBO) Property owner who attempts to sell their property by themselves without the involvement of real estate professionals. Please read more on this… Free Look Period A specified amount of time as stated in a Purchase & Sale Agreement in which the potential buyer can inspect, investigate, analyze etc. a property with the option to terminate the agreement at any time inside the time period without penalty for any reason. Under the new section of the Purchase & Sale Agreement, the "Right to Terminate" option is technically a 'free look period'.
A property for sale that is not listed by a real estate professional.
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.
Indication that the owner of a property is attempting to find a purchaser for her property on her own, without employing an agent.
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."
The owner acts as the agent to avoid paying a sales commission.
When a homeowner tries to sell his or her property without help from a realtor. Many homeowners attempt to sell on their own to avoid paying a high commission to a realtor.
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.
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
A home that's offered for sale without the service of a real estate agent.
An arrangement by which a house's owner tries to sell the house without hiring a real-estate agent. Owners do this to avoid paying a commission.
A term used to describe a property sold by the owner without the assistance of a real estate agent.
The sale of a home directly by the owner, where the owner assumes all fiduciary responsibilities involved with the execution of all legal contracts, documents, and transactions.
The seller acts as the selling agent and handles the sales process directly with the buyer or buyer's agent. In this situation, the seller does not pay a listing commission.
For Sale By Owner (abbreviated as FSBO; IPA pronunciation: ) is a term that describes a piece of real property that has been offered for sale directly by its owner. The owner has not solicited the help of a real estate broker, implying that no real estate commission is associated with the sale of the property. In recent years, the term has been used more broadly to describe the process of marketing, buying, and selling of real property without the representation of a real estate broker.