FISBO

The term FISBO or F.I.S.B.O. refers to the real estate term For Sale By Owner, and is pronounced "Fizz-bo"

FISBO / fisbo is a property which for sale or already sold, without the assistance of a real estate agent. It is also sometimes used to refer to the seller of the property.

These private sale properties can be found in classified ads, in specialist papers and magazines or on FISBO web sites such as the smartvendor fisbo site.

Private real estate sales used to account for only a very small percentage of property sales, but with the continued rise of the internet, and companies such as smartvendor offering good value web listing and marketing tools this percentage is rising almost daily.

The main draw of FISBO property sales has to be the ability to save thousands on real estate commissions, but many vendors also enjoy the satisfaction of selling their own home. This can be especially true for the thousands of Australians who choose to build there own home. Surely, if you can build your own home, you can sell it?

To find out more on the FISBO system, visit www.smartvendor.com.au