FSBO stands for “for sale by owner.” It is a term that you may see when you are looking at real estate in Illinois. It basically means that you are selling your home without the help of a real estate agent. So, if someone wants to buy your home, they would deal directly with you. You also take on many responsibilities when you decide to go the FSBO route.
Once you've put an offer on a home, and the buyer accepts it, then it is time to draft a sales agreement. This process is complex and time consuming - and often frustrating - but it is vital to ensure every aspect of the sale is agreed upon by both parties.