For Sale By Owner

Importance: 0.86

Is a company: no

Is a proper noun: no

Notes: Can save the seller money by forgoing realtor fees.

Synonyms

  • Property Guys
  • Zoocasa

Acronyms

  • FSBO

Definition of For Sale By Owner

  1. When a homeowner tries to sell his or her property without help from a Realtor. Many homeowners attempt to sell on their own to avoid paying a high commission to a Realtor.

Related Terms and Acronyms

  • Housing Discrimination Definition,
    • The illegal practice of discriminating against buyers or renters of dwellings on the basis of race, colour, religion, national origin, sex, family status or disability.
  • Real Estate Agent Definition,
    • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
  • Owner Financing (O/F, OF, OWN) Acronym,
    • A transaction in which the seller lends all or part of the money to the buyer.
  • Backup Offer Definition,
    • A bid for a property that the owner will consider if the current transaction falls through.
  • Real Estate (RE) Acronym, Very Important,
    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
  • Realtor Definition,
    • A real estate broker or an associate holding active membership in a real estate board.
  • Exclusive Listing Definition,
    • A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.
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