what does bb mean in real estate what does bb mean in real estate

GRES Graduate Real Estate Society VA Department of Veterans Affairs / Veterans Administration, AMORT Amortization If its back on the market, theres a reason why the original sale fell through. During this time, the home is inspected and appraised, and the title is searched for liens, etc. TXS Taxes Accredited Buyer's Representative (ABR ) Becoming an Accredited Buyer's Representative might be the edge you need in a crowded market. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Prices are often higher than average. Large E-2 plan:This is one of several floor plans available in a specific building. RAD Radiant Heat 1 meaning of BB abbreviation related to Real Estate Advertising: Vote. Like, from the 50s. Learn more about down payments here. All Rights Reserved. What Does FS Mean, and How Do You Use It? Miscellaneous. HSF Heated square feet Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. ATFN Attic Fan If your offer is accepted as a backup, youre in line to go under contract if the first sale falls through. CCIM Certified Commercial Investment Member It's a piece of land and the property - such as a house, office building, apartment, strip center or warehouse - that sits on it. FHA Federal Housing Administration In-law potl:Potential for a separate apartment, subject to local zoning restrictions. This is the escrow period, when both buyer and seller are workingtoward a closing. C/VAC Central vacuum SMB Split Master Bedroom After all, custom upgrades (like any decor choice) reflect the taste of the previous owner, and may or may not be to your taste. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. NYSAR New York State Association of Realtors U/G SPRK Underground Sprinkler This is a statement a borrower will receive from their lender at least three days before closing on a home. 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. 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. BA; BTH : Bathroom. In a commercial lease, both the base rent and any NNN expenses are calculated using a flat cost per square foot. 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. Vann Vicente has been a technology writer for four years, with a focus on explainers geared towards average consumers. OSP Off-street parking is available Join 425,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. PMI Private Mortgage Insurance WD PNL Wood paneling Prime rate is the interest rate charged by a lender to customers who are the least likely to default on their loans. POA Power of Attorney Fees imposed by the state, county or municipality on transfer of title. Best for: Buyer's agents looking to separate themselves from the rest of the field. Try our affordability calculator to see how much house you might be able to afford. PL/1 In-Ground Pool HML Hard Money Lender BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. CH Central heat When this happens, he or she risks the home heading into the foreclosure process. MLS Multiple Listing Service One loan covers 80% of the homes value, another loan covers 10% to 15% of the homes value, and the buyer contributes the remainder. Find mortgage, lien, release, deed, notice of default, conveyance, lis pendens, bankruptcy, and judgment records for land, commercial, and residential real estate throughout the United States, Guam, Puerto Rico, and the U.S. Virgin Islands. A process a lender follows to assess a home loan applicants income, assets and credit, and the risk involved in offering the applicant a mortgage. The "P" represents percent. SQ FT Square Feet A portion of your monthly payment goes into the escrow account to cover taxes and insurance. A full bathroom is a room with a toilet, a sink and a bathtub. Longterm care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. 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. E Rng Electric Range GRT RM Great room 2. FDIC Federal Deposit Insurance Corporation A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. FLR Floor Furnace The MLS listing should give the basics about a home: the price, taxes, types of utilities, and square footage. OA Owner Agent A/C Air Conditioning MLSs are local or regional. The "P" represents percent. Bonus information may be placed in "Other" field. PITI Principal, Interest, Taxes, and Insurance He's invested in internet culture, social media, and how people interact with the web. Performance & security by Cloudflare. CBR Certified Buyer Representative W/D Washer/Dryer 7 meanings of BB abbreviation related to Real Estate: Real Estate. RELATED: How to Stream U.S. Sports for Free Online. Dk Deck If youre going to use BB in a platonic way, then you can get away with simply inserting it in a casual text. BKYD Backyard Our belief in better is at the core of everything that we do, every day. MLS - Multiple Listing Service; database of real estate for sale, Smart -a computer controls some electronic devices like heating, alarms, and lights, CCIM Certified Commercial Investment Member, PITI principal, interest, taxes and insurance, CCR conditions, covenants, and restrictions, ACRP - Association of Commercial Real Estate Professionals, CHMS Certified Home Marketing Specialist, CLHMS Certified Luxury Home Marketing Specialist, FDIC Federal Deposit Insurance Corporation, FEMA Federal Emergency Management Agency, FHLMC Freddie Mac (Federal Home Loan Mortgage Corporation), GNMA Ginnie Mae (Government National Mortgage Association), REALTOR Member of the National Association of Realtors. HPWA Water/Air Ht Pump The most credit-worthy customers (mainly large corporations), receive the best or lowest rate that the lender would offer any of its customers. Learn more. I havent seen you in forever. Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. RNCH Ranch HOA Homeowners Association HD, HDFL Hardwood floors After the set time period your interest rate will change and so will your monthly payment. Smart mortgage shoppers apply for at least two loans and use the loan estimates to determine which lender they want to use. MLS:Multiple Listing Service. After the set time period your interest rate will change and so will your monthly payment. GRI Graduate REALTOR Institute A home being sold by the owner (FSBO) without a real estate agent isnt a listing.. What is BB meaning in Real Estate? But the cap rate is not the only metric used to evaluate a real estate investment. A lien is any legal claim upon a property for a debt or a non-monetary interest in the property. Fixtures include wall-to-wall carpeting, light fixtures, window coverings and landscaping. 2. Related:12 Ideas to Steal from Vintage Kitchens. PL, SP, S/P Swimming pool Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. DBA Doing Business As A home loan not guaranteed by a government agency, such as the FHA or the VA. Read more about conventional loans here. How-To Geek is where you turn when you want experts to explain technology. Cont Contemporary Related:12 Things Realtors Look For in Homes of Their Own. is part of the U.S. Department of Housing and Urban Development. That doesnt mean that its a done deal by any means, however (more on that next). property in buildings and land; space, capacity See the full definition . 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. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open. REI Real Estate Investing HomeReal Estate Abbreviations Real Estate Abbreviations A helpful list of the most commonly used real estate abbreviations, and land and property abbreviations used in most real-estate-related industries. Cldsc Cul-de-sac Brkf Breakfast Area Its customary for the buyer to pay for the lenders title insurance policy. The difference between the two is usually fairly . Property Records The Mission of the Ann Arbor Area Board of REALTORS:To strengthen our REALTOR community through advocacy, collaboration,education, innovation and civic engagement. MAO Maximum Allowable Offer Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. Read, A ratio that compares a home buyers expenses to gross income. Cap rates can provide valuable insight into a property. Go now! 1. 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. There are many abbreviations used in real estate, but the following list includes the more common ones youve probably heard before. ROI Return On Investment ATT Attached Garage ABS Assessment / Bill of Sale Assessment, Mineral/Oil & Gas. TRSH Trash Pickup TIL Truth In Lending, A/G PL Above-ground Pool Click to reveal Real property is immovable property - its land and anything attached to the land. Look for this accreditation or something similar when shopping for a home inspector. 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. MK Modern kitchen GRMET KIT, GRMT KIT Gourmet kitchen If your mortgage doesnt have an escrow account, you may pay the property-related expenses directly. 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). Cvga Converted Garage Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Read, An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts every six months thereafter for the remaining loan term. Be sure to read the fine print carefully. An account required by a lender and funded by a buyers mortgage payment to pay the buyers homeowners insurance and property taxes. Learn more about adjustable-rate mortgages here. ARI Articles of Incorporation Notice, certificate. 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. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. CREA. Brokerage. CDS Cul de sac SPC Drive parking spaces BLDRS REDO Builders Renovation CPM Certified Property Manager A minimum requirement is often dictated by the loan type. HDWD Hardwood Read, A prepayment penalty is a fee some lenders may charge if you pay off some or all of your mortgage early. 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. Privacy Policy. 1C, 2C 1 or 2 car Garage RVR River Home affordability takes into account your income, down payment, and monthly debts. Questions And Answers Updated from an earlier version on realtor.com. While BB can have a lot of meanings on the internet, the most popular is a pet name between romantic partners and close friends.