FSBO What does it mean?
FSBO is an acronym (each letter stands for a word) that means “For Sale By Owner”.
FSBO can refer to any item that is “for sale by owner”. However, for the most part, FSBO refers to real estate deals, in which the owner of the real estate–land, house, mobile home, commercial building–decides to sell the real estate property by himself, without the use of a real estate agent.
Typically, the owner of the real estate sells his property for sale by owner (FSBO) because he wishes to avoid paying a commission on the sale of the real estate.
Is this a good idea? Well, it depends.
The money that is saved on not-paying-a-commission might be a small amount compared the money that might have been earned had a real estate agent sold the property. Also, by not using a real estate agent, the seller assumes all the responsibilities of completing the transaction. Any slip up or error might translate to thousands of dollars lost on the RE sale.
FSBO means “For Sale By Owner”.
When it comes to selling properties–land, houses, mobile homes–that are under $100,000 dollars in value, bigger profits and greater control can come by selling FSBO. I did this and earned $16,200 net profits on the sale of a small fixer-upper house in North Florida (Cross City, Florida). I share the exact method of how I did this in Make Big Profits Flipping Florida Land.