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 10 Houses For Sale By First Owner in Collin County, TX currently.