Purchasing a house directly from the owner, often referred to as a “For Sale By Owner” (FSBO) transaction, can be an alternative path to homeownership. In such scenarios, the homeowner acts as the seller, eliminating the involvement of a real estate agent.
Engaging in a FSBO transaction offers potential benefits. It may allow for cost savings by avoiding real estate agent commissions, providing greater flexibility in negotiating terms directly with the owner, and enabling quicker decision-making without the need for agent consultations. Additionally, FSBO transactions can foster a more personal connection between the buyer and seller.