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Definition of For Sale By Owner, FSBO from Mortgage Glossary

FSBO

FSBO (pronounced Fizz-Bo) is shorthand for "For Sale By Owner". A property and/or person that is marketed by the owner without the assistance of a conventional real estate broker. FSBOs account for approximately 20 percent of all real estate transactions.

Typically, owners advertise their properties by means of classified ads, Web sites, word of mouth, and other means.

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