For-sale-by-owner refers to a home that the owner is selling without the services of a licensed real estate agent. In the industry, a for-sale-by-owner home is known as a FSBO.
Although we advise that you have proper representation from a licensed Realtor, we also understand this is not always the option that may best suit your situation.
The owner avoids paying an agent to sell his own house, but he sometimes avoids paying a commission to a buyer's agent. As a result, buyer's agents don't have an incentive to show the property to their clients.
This sometimes leaves both parties not clear on what should happen next. Many times it causes errors in the transaction that can delay or have a buyer walk away from a transaction without any legal remedy.
Compass Title & Closing has a full solution to help you go through the process the same way you would as if you had guidance from a realtor.
We can handle many of the steps such as: