For every homebuyer, there is a seller. And for every seller, there is someone who has however briefly thought about selling his or her own real estate. In real estate circles, property listed by owners is referred to as fizz-bo, the pronunciation of the acronym FSBO, which stands for for sale by owner.
Homeowners can and do sell their own property.
There are books and Internet sites offering all kinds of tips to help you sell your home. Sellers deny themselves the benefit of using a real estate professional because they want to save money. After all, you re certainly not saving time. Despite the sellers markets in many locales and predictions the Internet would diminish the role of real estate agents, a recent study by the National Association of Realtors found only 16 percent of homes were sold directly by owners in 1999, even fewer than the 18 percent in 1997. Because they work in your local market daily, they have a much better understanding of what is happening there and what financing options are available.