In the real estate industry, a home or property that is "For Sale by Owner" is a property offered for sale without the assistance of a real estate agent or broker. The acronym for the term, FSBO, pronounced "fizbo," is the term most commonly associated with For Sale by Owner properties.
Depending on where you live or the current condition of the market, real estate brokers typically earn a three to seven percent commission on the sales price of residential real estate. In most cases, the incentive for a seller to list a home FSBO is to pocket this additional money. That could mean profit from $3,000 to $7,000 for every $100,000 of the sales price, and to some that can be a substantial incentive for trying to go it alone.
At Brabazon Title, we know first-hand the complexities of bringing even the simplest buy-sell transaction to a successful close. And, while we appreciate the incentive that additional profit can bring, our experience shows that the commission paid to a real estate professional is a valued investment — often worth much more than the cost of the commission itself.
For more information on our closing &
escrow services, as well as title insurance
for FSBO sales, please call us at
Download our FREE For Sale by Owner (FSBO) Information Kit!
To download: Right click on button and choose "Save Link As" (specify location on your hard drive, i.e. desktop or My Documents folder).