what does bb mean in real estatemicrowave oven dolly

REAL ESTATE DEED ABBREVIATONS AND ACRONYMS. DLO Seller Disclosure to see how much house you might be able to afford. Its a set of lender-specific fees that are part of your costs when closing a mortgage loan. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. But if you want to hang on to your cash and exercise some self-sufficiency, check out these clever products that solve a million and one little problems around the house. Market conditions that exist when buyers outnumber homes for sale. An origination fee is not a single fee. HVAC heating, ventilation and air conditioning Dbl Double Learn more about down payments here. Only those representatives with Advisor in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services. FPLC, FP, FRPLC Fireplace BOT Boat Slip RELO Relocation office I want to receive exclusive email updates from YourDictionary. Care starts with culture. Resources Join 425,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. On online spaces with younger users, BB might also stand for bad b****, a term of endearment for women with a dominating personality. The Mission of the Ann Arbor Area Board of REALTORS:To strengthen our REALTOR community through advocacy, collaboration,education, innovation and civic engagement. 2023 All Rights Reserved. An origination fee is not a single fee. RPAC Realtors Political Action Committee There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This is the most popular NAR official designation and is relatively easy to get and maintain. The "P" represents percent. A property was withdrawn from the realty market. GRT RM Great room If they were not used, the ads for a home could get quite lengthy. The seller has an agreed-upon contract with the potential buyer. Back Bay + 1 1. Dollar (D): If a set dollar figure is offered instead of percentage, use the "D" to represent the dollar figure being offered as commission. Allow us to clear things up, by explaining what these things really mean in plain old English. SPAC Spacious These structures can be both above and under the ground. FLR Floor Furnace NAR National Association of Realtors Our advisors will help to answer your questions and share knowledge you never knew you needed to get you to your next goal, and the next. U/G SPRK Underground Sprinkler An in-depth analysis, prepared by a real estate agent, that determines the estimated value of a home based on recently sold homes of similar condition, size, features and age that are located in the same area. POR, POR-S Porch/Screened A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property. OO Owner Occupied Foyr Foyer SCRND PORCH Screened Porch BD Bedroom Keep this five-part guide handy youll be fluent in the language of home buying before you know it. Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. If you wish to report an issue or seek an accommodation, please let us know. Learn, A government agency created by the National Housing Act of 1934 that insures loans made by private lenders. Certified Residential Specialist, a designation awarded by the Council of Residential Specialists. 27. CLHMS Certified Luxury Home Marketing Specialist Crystal R. Cont Contemporary REO Real Estate Owned 2023 LoveToKnow Media. FAG Forced air gas WBFP Wood Burning Fireplace Fha Forced Hot Air This was when the term exploded as a pet name between both lovers and friends. All Rights Reserved. A security deposit made by the buyer to assure the seller of his or her intent to purchase. Copyright 2023 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. 2/1 2 bedrooms / 1 bathrooms Check out our glossary of frequently-used mortgage terms. OVER Oversized Garage Maximum loan amounts can vary by county. Read more about PMI here. Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. NNN Triple Net Lease The governing body of a housing development, condo or townhome complex that sets rules and regulations. How have you been?. Insurance that protects the buyer and lender should an individual or entity step forward with a claim that was attached to the property before the seller transferred legal ownership of the property or title to the buyer. A combination of loans bundled to avoid private mortgage insurance. If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. Cnl Canal RTO Rent To Own Reading real estate advertising acronyms can sometimes feel like trying to parse ancient Greek: EIL with a W/D? There are often additional notes with details that don't fit into the standard listing formula. Before you make an offer, call on an excellent inspector who can clearly explain the home's pain points. STA State BA Bathroom Learn more about HOAs here. HP Heat Pump This means the propertys ownersare actively taking backup offers in case the first one falls through. MRSH Marsh INT Intercom BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. A period of time (typically 30 days or more) after a buyer has made an offer on a home and a seller has accepted. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Learn more. Deco Decorative Fence WDSTV Wood Burn Stove A full bathroom is a room with a toilet, a sink and a bathtub. EMC Earnest money contract It is not Zillows intention to solicit or interfere with any established agency relationship you may have with a real estate professional. BRRRR refinance example. Sign up for our weekly newsletters and get: By signing in, you agree to our Terms and Conditions There are four important items that must be included in a buyer's pro forma. There are five main categories of real estate. HB Half Bath (toilet + sink) Principal, interest, property taxes and homeowners insurance (PITI), A fee charged to borrowers who make a down payment that is less than 20% of the homes value. YD Yard CPT Carpet or Carport Since many phrases can be shortened to BB, this acronym might refer to other things online. Be sure to read the fine print carefully. There are also a few other cultural definitions for BB. An encumbrance is a limit on how an owner can use real estate. That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. The CRS designation indicates a triple threat - on average, these agents have been in business three times longer, have three times the amount of transactions, and generate three times more sales revenue than the average . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The reason for a botched sale could lie with the previous buyer, but you'll want to do your homework before you give the seller the benefit of the doubt. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. SLT Slate LA Living area Real estate owned (REO) properties are homes that have fallen under the ownership of a mortgage lender or investor, typically because the property failed to sell at auction. A government agency chartered by Congress in 1970 to provide a constant source of mortgage funding for the nations housing markets. During this time, the home is inspected and appraised, and the title searched for liens, etc. While any seller can entertainbackup offers as a precautionary measure as long as this is made clear in the contract, this term most often crops up with short sales, since they can often fall through, and it can be helpful if a secondbuyer is waiting in the wings. W/D Washer/Dryer SD Security Deposit ARM Adjustable Rate Mortgage Terms Of Use The most credit-worthy customers (mainly large corporations), receive the best or lowest rate that the lender would offer any of its customers. Used under license. PLAY Playground Be sure to read the fine print carefully. CPM Certified Property Manager GARD Garden Learn more about homeowners insurance here. HRS Horses Allowed Or comparable sales, are homes in a given area that have sold within the past several months that a real estate agent uses to determine a homes value. Baseboard Heat + 2. Business, Property, Real Estate Advertising. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate brokers. Cap rates are calculated by dividing the property's net operating income (NOI) by its property asset value. This type of limit can also allow the property buyer to back out of the sale and possibly seek damages in . He's invested in internet culture, social media, and how people interact with the web. F-bmt Finished Basement When dealing with real estate, you might also need to know things like the abbreviations for all 50 states or even common measurement abbreviations. You might expect an up-and-coming neighborhood to be artsy and hip but that's not always the case. HUD Housing and Urban Development Chn Chain Link Fence RAD Radiant Heat MULTI 3+ Car Garage When you boil it down to the basics, real estate has a simple meaning. Real estate abbreviations are important to save time and money. SPKLR Sprinkler A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Try our amortization calculator to learn more. If your offer is accepted as a backup, youre in line to go under contract if the first sale falls through. INGRD PL pool in ground pool Learn more about pre-approval here. When youre well-established enough to give each other pet names, you might want to try calling them baby or babe in person before you start calling them bb in chat. HBR Harbor To meet client needs, to empower teammates, and to lift up communities. Read, A ratio that compares a home buyers expenses to gross income. It should return to active soon enough, so its certainly worth piping up if youre smitten. A minimum requirement is often dictated by the loan type. Exr Exercise Room Rozhodli jsme se proto, sepsat tento krtk lnek, kter by pomohl ke sprvnmu pochopen, co to ESG je, a co pro obchodn vztahy znamen. KIT, KT Kitchen Fixtures include wall-to-wall carpeting, light fixtures, window coverings and landscaping. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. Read more about origination fees here. HWH Hot water heater Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. FDR/DR Dining room or a formal dining room Step 2: Through your cost estimation, you figure out that $30,000 of investment will bring the property to a rental-ready state over the next 4 months. You can also use BB as a platonic but affectionate nickname for a friend, especially if you have a strong and established friendship. A CMA is a report that shows prices of homes comparable to a subject home and that were recently sold, are currently on the market or were on the market but not sold within the listing period. Longterm care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. F/BSMT Fully finished basement If your mortgage doesnt have an escrow account, you may pay the property-related expenses directly. Expansion potl:Expansion potential mean that theres extra space on the lot or the possibility of adding a room or even an upper levelsubject to local zoning restrictions. Learn more about refinancing here. GNMA Ginnie Mae or Government National Mortgage Association It is in fact a real word (but that doesn't mean . Your IP: Cap rates can provide valuable insight into a property. 18 Big Storage Ideas to Steal from Tiny Homes, The 12 Fall Home Maintenance Tasks You Can't Ignore, 7 Features That Define the New American Home, 9 Ways Your Neighbors Can Screw Up Your Home Sale, 10 Signs That Fixer-Upper Might Be a Money Pit, 12 Things Realtors Look For in Homes of Their Own, The Best 10 Plants to Grow for Backyard Privacy, 15 Warning Signs to Look for Before Making an Offer on a Property, Data Shows This Listing Trick Sells Homes for More Money, As-Is Real Estate: What Buyers and Sellers Need to Know, 15 Things Not to Say in Your Real Estate Listing, Watch Out for 12 Real Estate Tactics Designed to Make You Spend More, 11 Awful Real Estate PhotosAnd How to Make Yours Great, 12 Things You Don't Realize Are Annoying Your Neighbors. Read more about mortgage insurance. Mortgage insurance protects the lender if the borrower defaults on the mortgage loan. If you see a bathroom or kitchen described as vintage, that means theyre old. PITI Principal, Interest, Taxes, and Insurance NGS Natural Gas We Let ChatGPT Create AI Art, Heres What It Made, The New Outlook for Windows Is Opening Up to More People, How to Optimize Your Steam Deck for a Longer Lasting Battery, 2023 LifeSavvy Media. The components of a monthly mortgage payment. Learn, Study these real estate terms when youre applying for a mortgage, Real estate terms you might hear when youve had your offer accepted, more about adjustable-rate mortgages here, The 12 Most Popular Vacation Towns for Home Shoppers. New real estate investors may wonder what the terms Class A, B, C, and D property mean. The sale of a home by an owner who owes more on the home than its worth. POF Proof of Funds BR Bedroom This list of real estate investing abbreviations is useful for real estate brokers. RELATED: How to Stream U.S. Sports for Free Online. Typically, putting away 5% of the rent . 2. The ratio compares the borrowers monthly debt payments to gross income. AC Acre Usually, the realtor's website will give a good description without the real estate abbreviations. You dont need a real estate license to find your dream home, but it does help to become familiar with real estate jargon you might encounter during the process. ASB Asbestos Siding WTR Water In the event there is a DUAL commission split the two digits would be followed by a letter code: Example: P35C25 (3.5% offered on the first 100K, 2.5% offered after $100,000). D/W Dishwasher These abbreviations are typically written in all capital letters. WHKP Washer Hookup It is only recommended to perform title, lien, and property record searches before you get too far we advise doing your due diligence. Normally, a piece of property can be easily classified as either personal property or real property. OA Owner Agent CP Carport TOWN Town House AMO Accredited Management Organization ARI Articles of Incorporation Notice, certificate. In the abbreviations, you may see differences in which letters get capitalized and which dont depending on the realtor/publication. Get the top BB abbreviation related to Real Estate. CH Central heat 4/3/2 4 bedroom / 3 bath / 2 car garage, ABR Accredited Buyer Representative MAO Maximum Allowable Offer LFT Loft The owner has removed the property from the listings for an undetermined period, usually because work is being done on the house or because the home cannot be shown. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. APPLS Appliances In a commercial lease, both the base rent and any NNN expenses are calculated using a flat cost per square foot. MBRFP Master Bedroom w/FP These institutions underwrite as well as set home loan pricing in-house. When offering a selling bonus to a selling broker, the listing broker must specify the terms of the bonus offer according to the following guideline code: B dollar amount/terms/expiration date of offer (if applies), Examples: B1000/APT/010113 ($1000 Bonus on Accepted Price & Terms Offer Good until January 1, 2013) B1000/FPT/010113 ($1000 Bonus on Full Price & Terms Offer Good until January 1, 2013). FML Formal VWS, VW, VU View or views What is BB meaning in Real Estate Advertising? LR with Fplc? Try our debt-to-income calculator to learn more. PMP Well Pump PERM Perm Attic Stairs MAR Marble A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. Read more about back-end ratio here. INLW In-Law Suite SMART Typically computer-controlled heating and cooling, alarms, lights etc. BKYD Backyard WTR PD Water paid glossary of frequently-used mortgage terms, Read our stress-free guide to getting a mortgage, The Ultimate Real Estate Glossary for Homebuyers. Most real estate agents use similar abbreviations as part ofreal estate lingo, so once you get the jist, you can read any listing with confidence. Read more about closing costs here. HSF Heated square feet The word listing is also used to refer to the for-sale home itself. to cover taxes and insurance. END End Unit Canadian Real Estate Association, the national association for Canada. Cth Cathedral Ceiling TRSH Trash Pickup Sub2 Subject to existing financing 1C, 2C 1 or 2 car Garage MTG Mortgage If you have the money to hire a handyman for every household woe, go ahead. When this happens, he or she risks the home heading into the foreclosure process. SHOP Workshop Homes can sit on the market for a long time, and prices tend to drop. ASM Assumptions R/OPT Rent w/Opt-Buy Read, A property repossessed by a bank when the owner fails to make mortgage payments. Not all real estate agents are REALTORS. CVAC Central Vacuum SHNG Shingle G-RNG Gas Range HDWD Hardwood 147.189.141.138 Dsp Garbage Disposal O/F Owner Finance You may want the retreat, but ask yourself if you're truly ready for all it entails. Lock box:Locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent. Prepaid interest owed at closing, with one point representing 1% of the loan. A government-sponsored enterprise chartered in 1938 to help ensure a reliable and affordable supply of mortgage funds throughout the country. Suggest. Learn, The act of paying off one loan by obtaining another. Paying points, which are tax deductible, will lower the monthly mortgage payment. Read our stress-free guide to getting a mortgage. MWV Microwave Oven A contingent statusmeans that the seller has accepted an offer and the home is under contract. Contingent vs. under contract? Property Records HOA Homeowners Association Cloudflare Ray ID: 7a28359a3f44c34a ROI Return On Investment Try, The governing body of a housing development, condo or townhome complex that sets rules and regulations. This happens when the catcher manages to catch four pitches that classify as a ball, and the batter gets to move to first base without the danger of going out. You might also see the acronym BB%, which stands for base on balls rate its the statistical frequency that a pitcher will allow a batter to walk. Buying a Flipped House: Is It Right for You? What Is a Short Sale? Call it what you willjargon, shorthand, lingobut every industry, including the real estate world, has its own language, a collection of terms that are essential to understand if you hope to play ball. APR Annual Percentage Rate PMI Private Mortgage Insurance Buyers should budget for an amount that is 2% to 5% of the homes purchase price. Like, from the 50s. A house located in a quiet location may be slightly off the beaten trackor, it may be out-and-out secluded. MLS:Multiple Listing Service. REIA Real Estate Investors Association A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. HI CEIL(S) High ceilings BLT Built-in Learn more about short sales here. TXS Taxes Not all mortgages carry a prepayment penalty. FM RM Family Room PROP HT Propane Heat REALTOR:Areal estate broker or sales associate who is a member of the National Association of REALTORS. Accredited Buyer's Representative (ABR ) Becoming an Accredited Buyer's Representative might be the edge you need in a crowded market. Try. A mortgage with principal and interest payments that remain the same throughout the life of the loan because the interest rate does not change. Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. A concrete point at which buying a home makes more financial sense than renting one. PUD Planned Unit Development Title insurance:An insurance policy that protects a lenders or owners interest in real property from assorted types of unexpected or fraudulent claims of ownership. Look for this accreditation or something similar when shopping for a home inspector. SWR Sewer A property that has come back on the marketafter a pending sale. Cvga Converted Garage County real estate and property records abbreviations and acronyms: AD Administrator's Deed Notice. WIC Walk-in closet, ARV After-Repaired Value A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. F/A Ht, FAH Forced Air Heat The governments legal claim against property when the homeowner neglects or fails to pay a tax debt. Dr -Dining Room Not all products and services are available in all states. Clus Cluster OBO Or Best Offer If not, it could end up back on the market, so go ahead and inquire if youre interested. Before you jump on a house with a "too good to be true" price, you need to understand how the short sale process works and connect with your real estate agent for more details. The owners bank must approve a lower listing price before the home can be sold. Copyright 2022 Ann Arbor Area Board of REALTORS. FFBR First Floor Bedroom Dry Clothes Dryer A not-for-profit professional association that sets and promotes standards for property inspections. PAN Pantry The MLS listing should give the basics about a home: the price, taxes, types of utilities, and square footage. REC Recreation Room 4 Misconceptions Buyers and Sellers Have About the Housing Market, 10 Hottest Housing Markets of 2023, and What to Know if Youre Shopping in One, 13 Home-Buying Myths to Unlearn Right Now, 10 Hottest Housing Markets of 2023, and What to Know if You're Shopping in One, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Refinancing is generally done to secure better loan terms, such as a lower interest rate. Learn, A home loan not guaranteed by a government agency, such as the FHA or the VA. Read, A certain portion of the homes purchase price that a buyer must pay. POA Power of Attorney 4/3 4 bedrooms / 3 bathrooms The line items should look similar to what a borrower sees on their loan estimate when first applying there are limits to how much any fees can change in the time period between application and closing day, so borrowers should review their closing disclosure closely and ask their lender about any changes. CNS Certified Negotiation Specialist OFC Office/Study A "default" occurs when a borrower does not make his or her mortgage loan payment and falls behind. HUD Department of Housing and Urban Development PICK Picket Fence OCN Ocean A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. The "P" represents percent. The meaning of REAL ESTATE is property in buildings and land. DWF, DWAC Deep Water/Access MOPOA Monthly POA Fee D/D Dishwasher and a garbage disposal STOR Assigned Storage If youre going to use BB in a platonic way, then you can get away with simply inserting it in a casual text. But the sale is subject to, or conditioned upon, certain criteria being met by the buyer and/or seller before the dealcan close. HIST Historical District PGS Propane OFF Off Street Parking Crprt Carport SQ FT Square Feet PRV, PVCY FENCE Privacy Fence Related:The Best 10 Plants to Grow for Backyard Privacy. A lien is any legal claim upon a property for a debt or a non-monetary interest in the property. WDSTV Wood-Burning Stove 1C : One-car garage. LLP Limited Liability Partnership CCIM Certified Commercial Investment Member A percentage of the homes value owned by the homeowner. Read, more about the Buy-Rent Breakeven Horizon here, The sale of a home by an owner who owes more on the home than its worth. STR On Street Parking Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Please switch to a supported browser or download one of our Mobile Apps. Its customary for the buyer to pay for the lenders title insurance policy. Powered by webmasterWP.com. Membership isnt open to the general public, although selected MLS data may be sold to real estate listings web sites. 1 meaning of BB abbreviation related to Real Estate Advertising: Vote. COCR or CCR Cash on Cash Return GARB Garbage Zkratka ESG (z anglickho Environmental . Bedroom usually means a sleeping area with a window and a closetin some areas, laws define what a room needs to be called a bedroombut the definition varies in different places. REALTOR Member of the National Association of Realtors There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. CRS Certified Residential Specialist Keep reading to learn more about this unique abbreviation. TRAD Traditional PMI Private mortgage insurance An encumbrance is a claim that limits how a property owner can use their property. AC or A/C Air conditioning TRC Trash Compactor *Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products. Maximum loan amounts can vary by county. HDW, HWF, hdwd - This means there is hardwood flooring in the home. CMA Comparative Market Analysis 4B/2B:Four bedrooms and two bathrooms. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. WAR Warranty Plan Perhaps the residential block is filled with old or rundown properties, with a few newly renovated homes sprinkled throughout. CAP Capitalization This abbreviation is a shorthand way of showing your affection to your partner. AEK All electric kitchen Hi ceils - This is an abbreviation for "high ceilings.". That happens through real care to make things better. PRTL Partial FXR Fixer Upper When you purchase through our links we may earn a commission. There are multiple reasons why homes become REO properties, the biggest one being that the home went into foreclosure. A three-page document sent to an applicant three days after they apply for a home loan. W/W CRPT Wall To Wall Carpet In the abbreviations, you may see differences in which letters get capitalized and which don't depending on the realtor/publication. A fee, charged by a broker or lender, to underwrite and process a home loan application. Related:12 Things Realtors Look For in Homes of Their Own. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. BLDRS REDO Builders Renovation WD PNL Wood paneling Actv Active Real property is immovable property - its land and anything attached to the land. P&S Purchase and sale A loan estimate can help borrowers shop and compare costs of loans with lenders. TRAN Transitional SEW Sewer A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity.

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