FSBO

FSBO is an acronym for the real estate term For Sale By Owner. It is pronounced "fizz-bo" and sometimes written fsbo, F.S.B.O, FIZBO or FISBO) The term is also used to describe the actually property vendors themselves, as in the sentence "The number of Australian FSBOs is increasing!" Simply put, FSBO that indicates a property which is currently for sale (or previously sold) without the assistance of a real estate agent. It can also refer to the seller of such property.

www.legal-explanations.com define FSBO as being "When an owner sells a house or property without enlisting the help of a broker or other intermediary"

In America FSBO property sales account for approximately 20 percent of all real estate transactions. In Australia the figure is much lower, but rising every day as more and more Australian's see through the agent myths surrounding private property sales, and realise that FSBO in Australia is much easier than they ever thought possible, and extremely profitable. Owners have made huge savings on commission through FSBO and this is especially important in a buyers market. Buyers have found the purchase of property to be more transparent. Dealing direct with owners has made it less stressful and more honest. The buying process has also been quicker in many cases.

There is a misapprehension that the work estate agents do is more complicated than it actually is. When you look at those involved in the selling and buying process, estate agents often do the least amount of work but take the largest slice of money.

Smartvendor offer FSBO services to customers looking to sell their property across Australia.

Smartvendor also can help by giving you FSBO advice and tips.