What does FSBO stand for in real estate?

The term FSBO stands for "For Sale By Owner." This designation is commonly used in the real estate industry to describe a property that is being sold directly by the owner, without the involvement of a real estate agent or broker. An owner selling their home in this manner often does so to avoid paying commission fees that are typically due to a real estate professional. FSBO transactions can provide both advantages and challenges for sellers and buyers, as the owner may have more flexibility in negotiation but may also lack professional guidance. Understanding this term is crucial for anyone involved in real estate transactions, as it highlights a specific selling method that can impact the buying process.