For sale by owner real estate is any sort of real property that i listed without the assistance of a real estate broker. By listing without a broker, most property owners can save around 6% when they sell their real property. This can account for a substantial savings, especially when the property is an expensive piece of real estate. For example, a luxury million dollar home sold without the use of a broker can save around $60,000. Because the owner does not have to pay this large commission, the buyer can typically get a lower price from buying a 'for sale by owner (FSBO)' property. FSBOs are typically the first alternative of savvy real estate owners. If done correctly, a FSBO can list in the MLS without paying a commission.
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