Buying a home directly from the owner

The major advantage of buying a For-Sale-By-Owner, or FSBO, home should be a lower purchase price because the seller will not be paying a commission on the sale. The truth is, however, that many FSBOs are priced as high as they would be if they were listed with a real estate firm. If you are interested in a FSBO, make sure you check the prices of comparable homes on the market as well as recent sales in the area.