what does bb mean in real estate

ASG Assessment Assessment. Anne Miller lives in New York and writes real estate news and advice stories. After the set time period your interest rate will change and so will your monthly payment. Refinancing is generally done to secure better loan terms, such as a lower interest rate. EA exclusive agency LRG Large On online spaces with younger users, BB might also stand for bad b****, a term of endearment for women with a dominating personality. Most lenders will require title insurance to protect their interests should there be outstanding liens on the property securing their security interest. Real Estate Definition. Learn more about pre-approval here. DhkpP Dryer Hookup 1 meaning of BB abbreviation related to Real Estate Advertising: Vote. What is BB meaning in Real Estate? DLM Seller Disclaimer Read more about, escalation clauses and making an offer on a home, An account required by a lender and funded by a buyers mortgage payment to pay the buyers homeowners insurance and property taxes. A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. FLR Floor Furnace The "P" represents percent. While BB can have a lot of meanings on the internet, the most popular is a pet name between romantic partners and close friends. A home being sold by the owner (FSBO) without a real estate agent isnt a listing.. Learn, One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. CCR Conditions, Covenants, and Restrictions These contingencies fall away as tasks are completed, saysMelanie Atkinson, a Realtor with Coldwell Banker Residential Real Estate in Tampa, FL. No purchase is necessary to view U.S. FRBO for rent by owner *Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products. The sale of a home by an owner who owes more on the home than its worth. ELV Elevator MCOA Min $ on Assumption Other internet-specific definitions for BB include bye-bye, a largely defunct acronym that was more common in the early days of the internet. Mstr Master bed room GLFP Gas log fire place Buyers should budget for an amount that is 2% to 5% of the homes purchase price. Learn, Private Mortgage Insurance or PMI, is a monthly mortgage insurance premium paid by a borrower for a mortgage insurance policy. A state in which an escrow agent is responsible for closing. Try. A government agency chartered by Congress in 1970 to provide a constant source of mortgage funding for the nations housing markets. It's a piece of land and the property - such as a house, office building, apartment, strip center or warehouse - that sits on it. Whether you are looking at abbreviations or acronyms for real estate terms, be sure you clearly understand what they mean when referring to a specific piece of real estate. REALTOR Member of the National Association of Realtors BB is most commonly used on the internet (and in text messages) as an abbreviated form of baby. However, baby in this context is used as a pet name or term of endearment for your romantic partner and not an infant child. Cldsc Cul-de-sac A Short Guide to Real Estate Lingo - realtor.com PRO Internet Professional SFH Single Family House BKYD Backyard What Is Real Estate? A Definition And A Guide | Rocket Mortgage ASB Asbestos Siding Brkf Breakfast Area LFT Loft A three-quarter bathroom has a toilet, a sink and a shower. HD, HDFL Hardwood floors Typically, most consumers mortgage interest rate is going to be higher than the prime rate. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. 2023 LoveToKnow Media. The base rate is set by the Federal Reserve and then customized per borrower, based on credit score, down payment, property type and points the buyer pays to lower the rate. A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. Used under license. FSBO For Sale by Owner HUD Housing and Urban Development American Society of Home Inspectors (ASHI), Fees associated with the purchase of a home that are due at the end of the sales transaction. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Crystal R. WBS Wood-Burning Stove 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. A certain portion of the homes purchase price that a buyer must pay. CLHMS Certified Luxury Home Marketing Specialist Learn, Repayment of a mortgage over the loan term through regular monthly installments of principal and interest, based on an amortization schedule. FAG Forced air gas G-RNG Gas Range How have you been?. It is in fact a real word (but that doesn't mean . The price of a home, as set by the seller. Read our stress-free guide to getting a mortgage. Try, A fee, charged by a broker or lender, to underwrite and process a home loan application. PROP HT Propane Heat NAR National Association of Realtors Often, the listing will indicate which rooms have hardwood flooring. Performance & security by Cloudflare. FFE furniture, fixture, and equipment A house located in a quiet location may be slightly off the beaten trackor, it may be out-and-out secluded. Rozhodli jsme se proto, sepsat tento krtk lnek, kter by pomohl ke sprvnmu pochopen, co to ESG je, a co pro obchodn vztahy znamen. 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. PVT Private Read more about mortgage insurance. Real Estate Abbreviations | YourDictionary 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. CFan Ceiling Fan Since many phrases can be shortened to BB, this acronym might refer to other things online. Lo dues:Low homeowners association dues. WSH Washer LR with Fplc? HUD Department of Housing and Urban Development Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. The content on this site is not intended to provide legal, financial or real estate advice. Translation: This home is small. Home affordability takes into account your income, down payment, and monthly debts. Col Colonial It is only recommended to perform title, lien, and property record searches before you get too far we advise doing your due diligence. "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 . POF Proof of Funds INGRD PL pool in ground pool HB Half Bath (toilet + sink) MLS:Multiple Listing Service. FDR/DR Dining room or a formal dining room AEK All electric kitchen 27. Home Co je to ESG a co pro vs znamen? - Lexology REIA Real Estate Investors Association Zkratka ESG (z anglickho Environmental . AJ Affidavit of Joint Tenant Deed. Learn more about HOAs here. Real Estate Certification: Different Kinds and What You NEED - UpNest Fab pentrm:Fabulous pentroom, a room on top of the housebut under the roofthat has great views. FMV Fair Market Value An FDR with a DK? Disclosure: BobVila.com participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for publishers to earn fees by linking to Amazon.com and affiliated sites. BB Real Estate Abbreviation Meaning - All Acronyms HSF Heated square feet SEW Sewer Keep reading to learn more about this unique abbreviation. ATFN Attic Fan Press F to Pay Respects: What Does F Mean Online? A/G PL : Above-ground swimming pool. WDSTV Wood-Burning Stove In fact, there are probably more terms in the housing biz than just about anything short of neurosurgery. PRQ Parquet Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. TRSH Trash Pickup The price of borrowing money. A loan estimate can help borrowers shop and compare costs of loans with lenders. What Does "BB" Mean, and How Do I Use It? - How-To Geek Sub2 Subject to existing financing Buying a Flipped House: Is It Right for You? PUD Planned Unit Development PAT Patio The document includes loan terms, monthly payment and closing costs. OP Occupancy Permit Chn Chain Link Fence 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. By submitting your email, you agree to the Terms of Use and Privacy Policy. Cent h/a Central Heat&Air This is the escrow period, when both buyer and seller are workingtoward a closing. MYOB Mind Your Own Business PITI Principal, Interest, Taxes, and Insurance Read more about escalation clauses and making an offer on a home. SEC SYS Security System Learn more about down payments here. PLAY Playground REC Recreation Room Real Estate Terms - B&B Team VA Department of Veterans Affairs / Veterans Administration, AMORT Amortization I want to receive exclusive email updates from YourDictionary. BR Bedroom GAR Garage 7 meanings of BB abbreviation related to Real Estate: Real Estate. Learn, A basic assessment of income, assets and credit score to determine what, if any, loan programs a borrower might qualify for. Actv Active MRSH Marsh Guide To REO Properties And How To Buy Them | Quicken Loans REF Refrigerator LOI Letter of Intent SEC Security System 1. NYSAR New York State Association of Realtors SUN Sun Room RELO Relocation office MAR Marble This is a statement a borrower will receive from their lender at least three days before closing on a home. What Does BB Mean, and How Do I Use It? These institutions underwrite as well as set home loan pricing in-house. IRR Internal Rate of Return What sounds impressive on paper may look less appealing in person. MAO Maximum Allowable Offer CRT. FIN LL Finished lower level Smart mortgage shoppers apply for at least two loans and use the loan estimates to determine which lender they want to use. This type of limit can also allow the property buyer to back out of the sale and possibly seek damages in . Dk Deck and It's anything that can be subject to ownership, except land. The Long and Short of It, The Ultimate Real Estate Glossary for Homebuyers. Real Estate: Definition, Types, How to Invest in It - Investopedia PULL Pull-Down Attic Stair However, the widespread use of BB started in the 2010s, with the rise of smartphones and chat apps becoming the primary form of communication between teenagers. Try our affordability calculator to see how much house you might be able to afford. Example: P30 (3% offered) Prices are often higher than average. VWS, VW, VU View or views 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. Copyright 2023 Acton Media Inc. All rights reserved. These abbreviations are typically written in all capital letters. Fixture:Anything of value that is permanently attached to or a part of real property. HDW, HWF, hdwd - This means there is hardwood flooring in the home. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. UTLVL Utility Room Level Translation: This home is small. A licensed professional who works on behalf of the buyer to secure financing through a bank or other lending institution. WIN Window/Wall Unit That doesnt mean that its a done deal by any means, however (more on that next). Read more about closing costs here. One who originates, sells, and services mortgage loans and resells them to secondary mortgage lenders such as Fannie Mae or Freddie Mac. SD/W Storm Doors & Windows Its customary for the buyer to pay for the lenders title insurance policy. APR Annual Percentage Rate Real estate Definition & Meaning - Merriam-Webster That happens through real care to make things better. REO Real Estate Owned HRS Horses Allowed Maximum loan amounts can vary by county. About Truist | Truist Read more about origination fees here. Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. It should return to active soon enough, so its certainly worth piping up if youre smitten. Related:12 Things Realtors Look For in Homes of Their Own. POA Power of Attorney BBbb. Join 425,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. TRAD Traditional That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. Learn more about short sales here. Affordability. L/O Lease Option The governments legal claim against property when the homeowner neglects or fails to pay a tax debt. 2. During this time, the home is inspected and appraised, and the title searched for liens, etc.

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