What does 'for sale by owner' mean?

Accounting Dec 17, 2020

Expert Solution

For sale by owner"" means that the owner is selling a property without going through a real estate agent. For example, if you have a house you want to sell, you might list it online and advertise it yourself instead of going through a real estate agent because it will save you money. You would not have to pay the agent's commission and would get more profit from the sale of your property.

While this term is commonly used in reference to homes being sold by the owner, really any product can be advertised ''for sale by owner.'' For instance, vehicles, such as cars, boats and motorcycles, might also be listed as ''for sale by owner.''

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