Buying a For Sale By Owner (FSBO) property can be a great way to save money on your home purchase. When you buy a FSBO, you are buying directly from the owner, which means there is no real estate agent involved. This can save you thousands of dollars in commissions. However, there are also some risks associated with buying a FSBO. It is important to do your research and be prepared before you make an offer. If you are considering buying a FSBO, here are a few things you should keep in mind:
Importance, benefits, and historical context
FSBOs have become increasingly popular in recent years as more and more people are looking for ways to save money on their home purchases. In addition to saving money on commissions, buying a FSBO can also give you more control over the process. You can negotiate directly with the owner and you can set your own timeline. However, it is important to remember that buying a FSBO is not without risks.