Legal Definitions - FSBO

Definition: FSBO stands for “for sale by owner” and is commonly pronounced as fizz-bow. It is a term used in the real estate market to indicate that the seller is selling their property directly without the help of a real estate agent.

For example, if a homeowner decides to sell their house without hiring a real estate agent, they would be selling their property as FSBO. This means that they would be responsible for all aspects of the sale, including marketing the property, showing it to potential buyers, and negotiating the sale.

While selling a property as FSBO can be cost-efficient, it is important for the seller to comply with all applicable regulations for selling real estate. This includes using the proper contracts and disclosing all legally required information about the property’s condition.

Overall, FSBO is a term used to describe a specific type of real estate sale where the seller takes on the responsibilities typically handled by a real estate agent.