Buying directly from the owner, also known as “For Sale By Owner” (FSBO), refers to real estate transactions where the property seller handles the sale process without using a real estate agent. In such transactions, the owner assumes the responsibilities of marketing, advertising, negotiating, and closing the sale.
There are several advantages to buying from the owner. Firstly, it can save you money on commission fees, which are typically paid to real estate agents. Secondly, it gives you the opportunity to negotiate directly with the owner, potentially allowing for more flexibility and control over the sale process.