FSBO

FSBO? What is a FSBO?

FSBO stands for For Sale By Owner. Basically, a home owner (seller) wants to sell their home, but for one reason or another they have decided not to have a REALTOR of their own. More importantly, you may ask-how does this effect a buyer?

The first difference is that a FSBO home is not listed on the Triangle MLS. Thus, the seller does not get the benefit of hundreds of REALTORs showing their home to thousands of clients. Also, the home may or may not be priced correctly. I have seen FSBO's priced either too high or too low. Of course, too low is never a bad thing, but without a REALTOR it can be hard to get the FSBO seller to understand and accept a fair price for their home.

One noteable, current FSBO is in Roberson Place. It is a 4 Bed, 2.5 bath home, about 2200 sq/ft and an additional 1000 sq/ft of unfinished basement. The floorplan and the floorplan are both good. The location is excellent. Why hasn't it sold? Perhaps it priced a bit high at $340,000. Or maybe it is because the seller is looking for a late May/June moveout date. Either way, this is one to check out if mid-three's is your price range.