What does FSBO stand for in the context of real estate?

FSBO stands for "For Sale By Owner," which refers to a property that is being sold directly by the owner without the involvement of a real estate agent or broker. This method allows homeowners to save on commission fees that would typically go to real estate professionals. In the FSBO approach, the seller is responsible for all aspects of the sale process, including pricing, marketing, and negotiating with potential buyers.

Using FSBO can attract buyers who appreciate dealing directly with the owner and potentially finding a good deal since there are typically savings on both sides due to the absence of agent commissions. This term is widely recognized and important in real estate transactions, especially for sellers looking to retain more control over the sale of their home and maximize their return from the sale.

The other options do not accurately describe a common term used in real estate, which reinforces why "For Sale By Owner" is the appropriate choice.