FSBO Legal Meaning and Definition

Here is a simplified definition of the legal term FSBO.

FSBO

abbr.

Short for "For Sale By Owner." It refers to a property directly put up for sale by the owner without hiring a real estate agent or broker. Typically, the owner fully controls the process, from setting the price to negotiating with the buyer.

The act can help the homeowner save on commission fees usually paid to agents, but it also requires them to manage all aspects of the sale, possibly compromising their effectiveness without professional guidance. Used widely in conversations pertaining to real estate.