What is a FSBO Seller?
When it comes to being a FSBO Seller, the first question in the minds of many is what does that exactly mean. Well, let’s take a quick look at the subject. What Is A FSBO Seller? As you know, the term “FSBO” stands for the phrase “for sale by owner.” Because we are a real estate site, you probably will automatically assume that the term FSBO only applies to the sale of real estate. In fact, it refers to everything from used cars to garage sales and so on. Of course, we will stick to real estate. List your property now! The basic idea behind being a FSBO seller is to save money. Avoiding the payment of real estate agent commissions saves the money. In the typical real estate transaction, a real estate agent will get a six percent commission. If you hire a real estate agent to sell your home for $500,000, the commission will be a whopping $30,000. That represents a lot of equity and mortgage payments. From a financial sense, being a FSBO seller absolutely makes sense. While the financial
