What does the acronym FSBO stand for in real estate?

The acronym FSBO stands for "For Sale by Owner." This term refers to a situation in real estate where the property owner sells their home without the assistance of a real estate agent or broker. Owners choose to go this route to save on commission fees that would typically be paid to a real estate professional.

Selling a home as a FSBO can involve various challenges, such as determining an appropriate listing price, marketing the property, and understanding legal documentation. However, some owners feel that they can navigate these issues themselves, thus opting to manage the sale independently.

Each of the other options contains terms that do not accurately reflect this common real estate practice, focusing instead on different concepts that are not standard terminology within the industry. Therefore, the use of FSBO specifically identifies a homeowner-led sales process, making it the correct choice.