Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. BA Bath 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. Addendum to Purchase Agreement COVID-19 EVENT EXTENSION, AA Public Schools - Attendance Area by Street directory, Presenting and Negotiating Multiple Offers, Washtenaw County Resources & Millage Rates, How to Pick the Best Home Inspectors and Appraisers, P35C25 (3.5% offered on the first 100K, 2.5% offered after $100,000), 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). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. SUN Sun Room Privacy Policy. Take a close look at the map before you head out to the hills to determine the listing's proximity to civilization. An origination fee is not a single fee. HUD Housing and Urban Development FMV Fair Market Value If not, it could end up back on the market, so go ahead and inquire if youre interested. 2-LV : Two living levels. OA Owner Agent You can also use BB as a platonic but affectionate nickname for a friend, especially if you have a strong and established friendship. Business Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. CP Carport Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. Cent h/a Central Heat&Air After the set time period your interest rate will change and so will your monthly payment. All Rights Reserved. SPDED Special Warranty Deed 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). The difference between the two is usually fairly . An origination fee is not a single fee. Cont Contemporary TRAN Transitional County real estate and property records abbreviations and acronyms: AD Administrator's Deed Notice. NONQ Non-Qualifying Investors will also want to consider the return on investment (ROI), internal rate of return (IRR . E Rng Electric Range Rozhodli jsme se proto, sepsat tento krtk lnek, kter by pomohl ke sprvnmu pochopen, co to ESG je, a co pro obchodn vztahy znamen. The "P" represents percent. Click to reveal Actv Active FSBO For Sale by Owner Here are a few examples of BB in action: Do you want to learn more internet slang terms? LFT Loft "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 . Read, A ratio that compares a home buyers expenses to gross income. HOA Homeowners association SMB Split Master Bedroom Real estate terms to know when you've started house hunting. OSP Off-street parking is available 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. Mstr Master bed room RELATED: What Does "TMI" Mean, and How Do You Use It? That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. Related:10 Signs That Fixer-Upper Might Be a Money Pit. Deco Decorative Fence Brkf Breakfast Area Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, brokerdealer, registered investment advisor, and member FINRA and SIPC. MAO Maximum Allowable Offer FHA loans are different from conventional loans because they can be approved for borrowers with lower credit scores and may allow for down payments as low as 3.5 percent of the total loan amount. After the set time period your interest rate will change and so will your monthly payment. NAR National Association of Realtors MEIK Modern eat-in kitchen This is the most popular NAR official designation and is relatively easy to get and maintain. A home loan not guaranteed by a government agency, such as the FHA or the VA. Read more about conventional loans here. Other internet-specific definitions for BB include bye-bye, a largely defunct acronym that was more common in the early days of the internet. You might expect an up-and-coming neighborhood to be artsy and hip but that's not always the case. Your IP: Allow us to clear things up, by explaining what these things really mean in plain old English. Like, from the 50s. O/F Owner Finance Learn more about short sales here. The seller has an agreed-upon contract with the potential buyer. Hi ceils - This is an abbreviation for "high ceilings.". SN Senior Center for Real Estate Technology, a division of NAR focused on technology products, programs, and issues. Not all mortgages carry a prepayment penalty. Real property is immovable property - its land and anything attached to the land. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. 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. Reading real estate advertising acronyms can sometimes feel like trying to parse ancient Greek: EIL with a W/D? During this time, the home is inspected and appraised, and the title is searched for liens, etc. Get the top BB abbreviation related to Real Estate. It is not Zillows intention to solicit or interfere with any established agency relationship you may have with a real estate professional. STR On Street Parking The most credit-worthy customers (mainly large corporations), receive the best or lowest rate that the lender would offer any of its customers. The New Outlook Is Opening Up to More People, Windows 11 Feature Updates Are Speeding Up, E-Win Champion Fabric Gaming Chair Review, Amazon Echo Dot With Clock (5th-gen) Review, Grelife 24in Oscillating Space Heater Review: Comfort and Functionality Combined, VCK Dual Filter Air Purifier Review: Affordable and Practical for Home or Office, LatticeWork Amber X Personal Cloud Storage Review: Backups Made Easy, Neat Bumblebee II Review: It's Good, It's Affordable, and It's Usually On Sale. Dk Deck WHF Whole House Fan Bsmt Basement Membership isnt open to the general public, although selected MLS data may be sold to real estate listings web sites. Brokerage. BB Baseboard Heat This means that aproperty is currently on the market and available for sale. A property that has come back on the marketafter a pending sale. INT Intercom 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 . Cldsc Cul-de-sac Farm Farmhouse DOS Due On Sale Clause BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. Performance & security by Cloudflare. All Rights Reserved. G/A Garage, Attached VYL Vinyl CLTV Combined Loan To Value Read more about origination fees here. Typically, most consumers mortgage interest rate is going to be higher than the prime rate. Clap Clapboard Siding GLF Golf Course Since we launched in 2006, our articles have been read billions of times. It's a piece of land and the property - such as a house, office building, apartment, strip center or warehouse - that sits on it. GNMA Ginnie Mae or Government National Mortgage Association NAT GS HT Natural gas heat Crwl Crawl Space Home affordability takes into account your income, down payment, and monthly debts. OCN Ocean Like other shorthand slang terms in text messages, this abbreviation is primarily written in the lowercase bb rather than the uppercase BB. On top of that, many acronyms use the uppercase BB, while the lowercase version almost exclusively refers to baby. BB is already an abbreviation of a fairly short word, so some people ditch the shorthand altogether and use baby or babe. Alternatively, you might see some people use variations such as bby, b2, or even just b., While baby has been a pet name for a romantic partner long before the internet age, the widespread use of BB is pretty recent. Sign up for our weekly newsletters and get: By signing in, you agree to our Terms and Conditions All Rights Reserved, Hey bb! Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. Before you start calling someone BB, you might need to establish ground rules. EIK Eat in kitchen BB. NOI Net Operating Income WF Waterfront 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. Copyright 2023 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. DCR, DSCR, DSR Debt Service Coverage Ratio HW Hot Water ABS Assessment / Bill of Sale Assessment, Mineral/Oil & Gas. PROP HT Propane Heat Powered by webmasterWP.com. There are often additional notes with details that don't fit into the standard listing formula. The fascinating story behind . Used under license. RAD Radiant Heat MBRFP Master Bedroom w/FP A property repossessed by a bank when the owner fails to make mortgage payments. These contingencies fall away as tasks are completed, saysMelanie Atkinson, a Realtor with Coldwell Banker Residential Real Estate in Tampa, FL. VA Department of Veterans Affairs / Veterans Administration, AMORT Amortization CDS Cul de sac SCRND PORCH Screened Porch Not all mortgages. Agents use this status to indicate that the seller is open toreceivingbackup offersbecause the sale may not go through., Back onthemarket (BOM):The propertyhas becomeactive again,afterrecentlybeingtaken offthemarket., Closed (CL):The property has been sold and is no longer available., Expired:The property is no longer available for saletypically because the seller could not find a buyer., Pending:Thepropertyis under contract and all contingencies have beenfulfilled, but the settlement still needs to take place., Temporarily off market (TOM):The home is not currently available for saleandshowings arenotallowed,butitwillsoon beback on the market.

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