![Image of a front lawn with a "For Sale By Owner" sign](https://www.bankrate.com/2022/05/12113748/Homes_What-is-FSBO_.jpg?auto=webp&fit=crop&width=230&height=150)
FSBO meaning: For sale by owner, explained
Depending on whom you ask, the FSBO model can either save money or cost you even more.
Hire a real estate attorney for any home sale or purchase, even if your state doesn’t require you to. The contracts are complex, and the stakes are high — it’s worth the extra cost to make sure everything is legally buttoned-down.
— Michele Petry
About the author
Michele Petry is a senior editor for Bankrate, leading the site’s real estate content since January 2022. Before joining Bankrate she was a writer and editor for StreetEasy, Zillow’s New York City real estate site. Before that, she amassed 20 years of experience on staff at national magazines, honing her skills editing home-based content at House Beautiful, Elle Decor and Veranda (among other titles). Michele earned her journalism degree from Syracuse University’s Newhouse School of Public Communications and is a member of the Society for Advancing Business Editing and Writing (SABEW). She lives in Manhattan.
Hire a real estate attorney for any home sale or purchase, even if your state doesn’t require you to. The contracts are complex, and the stakes are high — it’s worth the extra cost to make sure everything is legally buttoned-down.
— Michele Petry
Depending on whom you ask, the FSBO model can either save money or cost you even more.
When a home is for sale, an open house can bring in as many potential buyers as possible.
Counter-offers are a key part of the real estate negotiation process.
Should you buy a home? Or keep renting? We weigh the pros and cons of each.
Selling a home is complicated enough without having to worry about a lien. Here’s what to know.
Selling a home is complicated enough without having to worry about a lien. Here’s what to know.
Buying land is different than buying a house.
Buying land is different than buying a house.
Two-thirds of Americans drink coffee every single day. Are you one of them? Here are the country’s top 10 best coffee cities.
The house you can change, but not the neighborhood. Here’s what to look for.
The average time to close a loan on a home purchase is 50 days.
Prices in the Grand Canyon State can vary wildly depending on how close you are to Phoenix.
Some types of mortgages have specific minimum credit score requirements.
Find out why townhouses are one of the most popular home styles.
Everything’s bigger in Texas, including the appeal of the Lone Star State’s biggest metro area.
There are several ways to hold title to your home. Here are tips on the best one for you.