For Sale By Owner (FSBO) refers to a type of home sale listing managed directly by the owner of the property without the use of a real estate broker.
Mostly to save money... or because they couldn't find an agent to help them.
Issues people face when buying a For Sale By Owner home can include unrealistic pricing, unprofessional or unfamiliar with running a sales process, and it can create extra work for the buyer's agent.
In an FSBO transaction, and assuming you have a buyers agent that is going to be compensated the typical 2.5% - 3.0%, there is suddenly a 2.5% - 3.0% piece of the economic pie that is up for grabs. Presumably the seller expects to pocket all of this difference; however, your goal should be to negotiate well enough to capture some of that value for yourself as well.
There are 0 Homes For Sale By First Owner in Montclair Business, Oakland currently.