What is it?
FSBO, or For Sale by Owner, is exactly what it sounds like. In these situations, sellers choose to not use an agent at all when selling their home. In today’s market with numerous options it rarely makes sense for a homeowner to sell themselves. The lure of not paying any commissions may be strong, but very few FSBOs actually end up selling.
For buyers looking at homes, we usually advise against considering purchasing a FSBO. Because the seller is not wanting to work with an agent, the transaction (even with a buyer’s agent) is usually hectic and stressful for the buyer.