What is FSBO?
In today’s growing real estate market, they have coined the acronym, “FSBO” which stands for “for sale by owner”. It’s becoming a more and more popular trend that homeowners are selling their houses themselves without the help of a real estate broker, and thereby keeping the expensive commission fees in their own pockets. In this article, we’ll attempt to give you several other reasons why selling your home yourself is beneficial.
You also can buy and sell a home without working with an agent at all. Then its even more critical to seek an attorneys assistance at various stages of the buying and selling process. This arrangement is whats known in the real estate business as for sale by owner, or FSBO (pronounced fizzbo). By selling your house yourself, you save the commission you would have paid to a real estate agent. But count on investing more of your own time. Youll need to analyze the market, decide on a price, advertise the house and host open houses, handle all negotiations with prospective buyers, and so on. Buying a FSBO also is somewhat different than buying with a broker involved. The buyer will need to become familiar with values in the area to decide what price to offer for the home. When it comes to preparing the Offer to Purchase it is wise to have a lawyer prepare it for you. The lawyer can suggest contingencies that are appropriate for the contract, and can guide you through the rest of the trans
