Buying a home for sale by owner (FSBO), also known as a private sale or owner-to-owner sale, involves purchasing a property directly from the seller without the involvement of a real estate agent. This approach can offer certain benefits and considerations compared to traditional agent-assisted transactions.
One of the main advantages of buying FSBO is the potential cost savings. By eliminating the commissions typically paid to real estate agents, buyers may be able to save thousands of dollars. Additionally, FSBO transactions can provide greater flexibility and control over the buying process, as buyers can negotiate directly with the seller and have more input into the terms of the sale.