A FSBO, also known as a for sale by owner, can easily be described as a homeowner selling their property without the representation of a Realtor® or broker.
There are many reasons why homeowners wish to sell their home on their own. The most popular reasons for FSBOs are they want to save the money that would be spent on commissions or that they feel they don’t need a Realtor® to sell their home. No matter the reason, according to the National Association of Realtors, less than 10% of FSBOs actually sell.
Whether it is because the FSBO doesn’t understand how to price their home or whether it’s because they don’t know how to screen potential buyers here are some vital FSBO Tips (Top 10 Reasons Why For Sale By Owners Fail) you can use.