The most common for-sale-by-owner transaction occurs in the real estate market when a homeowner wishes to avoid paying a large commission when selling their property. By not using a real estate agent, the seller assumes all the responsibilities of completing the transaction.
Depending on the experience of the seller, avoiding the commission can be a wise financial decision. However, those who have little knowledge about the transaction can find it very stressful and may be better off using a qualified real estate agent.