Buying a house without a realtor, also known as a for-sale-by-owner (FSBO) transaction, involves handling the home sale process independently without the assistance of a real estate agent. Individuals undertake FSBOs to save on commission fees typically paid to realtors, which can range from 5% to 6% of the sale price.
FSBOs have gained popularity due to the rise of online platforms and resources that empower homeowners to market and sell their properties without intermediaries. These platforms provide tools for creating property listings, managing showings, and facilitating communication with potential buyers.