It might sound like a GREAT way to save on paying commissions to a listing brokerage, but I can assure you it is definitely not.
Just recently I brought some buyers to a FSBO (for sale by owner) it was listed for $409,000 in Kaysville, Utah. We made an offer for $398,000 and the seller took our offer (which much persuasion on my part). We then proceeded forward with inspection and there were a few items; that of which the seller took care of for us. Then the FUN part the appraisal took place and lo-and-behold it came in at $440,000!!!! That is insane, my buyers got an incredible deal and had INSTANT equity!! I love these kind of stories. 
#poorseller though 😉