FSBO transactions are gaining immense traction lately. Thanks to the convenience and cost-saving benefits. But, as tempting as “for sale by owner” sounds, it can get you into legal trouble if you fail to follow the legal obligations.

Every seller has thought about conducting an FSBO (for sale by owner) transaction at some point. The idea is driven by the fact that you can save a significant amount of commission fee.

A real estate transaction is not simply signing the deal and transferring money. Both buyers and sellers need to prepare and sign contracts, conduct inspections, obtain a loan, and perform other real estate-related tasks for a successful transfer of ownership.