I do not see a benefit to buyer or seller in purchasing a FSBO. True, a seller will save in commission - but the property is not exposed to qualified buyers in general. The Internet has helped them to s certain extent, at the same time many of the posted sites that they use are not updated with 24 hour feeds, and do not have a full comparable choice in which a buyer is looking for. Typically a sincere buyer is working with REALTORS (members of the Board, the MLS, etc.) and can show the buyers many homes in the categories they are looking. The disclosure law and buyers rights are typically overlooked in a FSBO. It does not take a rocket scientist to understand the 'basics' of a transaction - but it does take a professional that abides by a code of ethics, understands fiduciary duty to bring it to fruition. I feel, and have always felt since my career in this industry began 30+ years ago - it is of most importance to use a REALTOR for the transaction, along with a lender that does not represent the buyer as the real estate agent. There are many reasons this path should not cross - and as the 'subprime lending failure' unfolds there will be many examples of the failure of this situation. Each party in the transaction is there for a reason. At this writing - the public is not aware that fiduciary duty is not within the realm of a lenders responsibility. I recently witnessed a very sad example of a short sale where the loan officer also acted as the real estate agent AND the appraiser! Who's best interest was that transaction for? In pursuing the short sale market along with foreclosures, it is most important to work with a professional. If the home is in the REO category (foreclosure) professional guidance is of extreme importance. Buying on the courthouse steps? KNOW what you are doing... there are situations where there are liens that may be hidden on those properties. In general - please seek the guidance of a full time professional REALTOR!