For sale by owner

For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent.

[6] The NAR's 2015 report found that the median age for FSBO sellers in the United States is 54 years.

[12] In the UK, the average commission rate is 1.42%, significantly lower than in Canada or the US, meaning that FSBO is less common.

[13] Property sales must be registered with the UK Land Registry which applies a registration fee to record the legal ownership.

As of 2014, privately sold houses in Canberra spent about 34 days on the market, according to RP Data – the second shortest period in the country.