FSBO stands for "For Sale By Owner" in real estate. It means that a homeowner is selling their property without the help of a real estate agent or broker. In a FSBO transaction, the homeowner is responsible for setting the price, advertising and showing the home, negotiating the sale terms, and preparing the various legal forms, usually with the help of an attorney. The homeowner also assumes all the risks and responsibilities associated with the sale of a home that a real estate agent would typically take on, such as researching real estate comps in their neighborhood, setting a fair asking price for the home, marketing the sale of their home, including listing it on the multiple listing service (MLS), staging the home, hosting open houses and other showings, negotiating the sale price, terms, and conditions, and managing the logistics of the transaction. FSBO sales do not involve a commission fee on the sale of the home for the seller, but they still require a commission for the buyers agent. While FSBOs hold out the possibility of saving thousands of dollars in commissions, they can be more difficult and complex than other real estate transactions, and homeowners may have unrealistic ideas about what their home is really worth.