Tag: What Does “OBO” Mean In A Real Estate Listing?
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What Does “OBO” Mean In A Real Estate Listing?
When many encounter the term “OBO” in a real estate listing, there’s a misconception that it stands for “Offer By Owner.” However, this interpretation isn’t accurate. In real estate, “OBO” typically translates to “Best Offer.” Essentially, this indicates the property owner’s openness to negotiation. Yet, it’s crucial to note that it doesn’t always mean they’re…