The property is sold and no longer available. The terms are frequently seen in advertising of bed & breakfast inns for sale: "turnkey," "mostly turnkey," "real estate only," "real estate and good will.". Real estate abbreviations are important to save time and money. How have you been?. glossary of frequently-used mortgage terms, Read our stress-free guide to getting a mortgage, The Ultimate Real Estate Glossary for Homebuyers. Prepaid interest owed at closing, with one point representing 1% of the loan. MLSs are local or regional. RELATED: What Does "TMI" Mean, and How Do You Use It? PILE Pilings FDR Formal dining room A fee charged to borrowers who make a down payment that is less than 20% of the homes value. American Society of Home Inspectors (ASHI), Fees associated with the purchase of a home that are due at the end of the sales transaction. It may sound charming, but a house that's described as having lots of character could look just plain weird in person. CRS. SEW Sewer NONQ Non-Qualifying One example is a buyers contractual right to obtain a professional home inspection before purchasing the home. Terms Of Use BKPORCH Back Porch PRV, PVCY FENCE Privacy Fence PAR Partially Fenced Fixture:Anything of value that is permanently attached to or a part of real property. This website is using a security service to protect itself from online attacks. A contingent statusmeans that the seller has accepted an offer and the home is under contract. TIL Truth In Lending, A/G PL Above-ground Pool D/W Dishwasher BKYD Backyard You may want the retreat, but ask yourself if you're truly ready for all it entails. Learn more about pre-approval here. If you see a bathroom or kitchen described as vintage, that means theyre old. The meaning of REAL ESTATE is property in buildings and land. Prices are often higher than average. SAT Satellite Dish CMA Comparative Market Analysis Both words imply motion, but the difference may b. Defenestration. 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. OFC Office MAO Maximum Allowable Offer ATFN Attic Fan Repairs. Its customary for the buyer to pay for the lenders title insurance policy. HI CEIL(S) High ceilings Perhaps the residential block is filled with old or rundown properties, with a few newly renovated homes sprinkled throughout. SPLT Split-Level Contact Us Property Records FCRA Fair Credit Reporting Act The owners bank must approve a lower listing price before the home can be sold. Brkf Breakfast Area There are often additional notes with details that don't fit into the standard listing formula. 4/3/2 4 bedroom / 3 bath / 2 car garage, ABR Accredited Buyer Representative If they were not used, the ads for a home could get quite lengthy. A minimum requirement is often dictated by the loan type. NOI Net Operating Income By submitting your email, you agree to the Terms of Use and Privacy Policy. Clap Clapboard Siding WSH Washer W/D Washer/Dryer HVAC heating, ventilation and air conditioning BR Bedroom *Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products. ARI Articles of Incorporation Notice, certificate. SD/W Storm Doors & Windows Read more about PMI here. 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. MSN Masonry The ratio compares total housing cost (principal, homeowners insurance, taxes and private mortgage insurance) to gross income. All Rights Reserved. NAR National Association of Realtors 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. Ann Arbor Area Board of REALTORS1919 W. Stadium Blvd., Ann Arbor, MI 48103(734) 761-7340. and FDIC Federal Deposit Insurance Corporation This means that the home fell out of escrow,perhaps due to contract issues, says Tania Matthews, an agent with Keller Williams Classic III Realtyin Central Florida. DLM Seller Disclaimer MK Modern kitchen 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. 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. U/G SPRK Underground Sprinkler HBR Harbor Other internet-specific definitions for BB include bye-bye, a largely defunct acronym that was more common in the early days of the internet. PL, SP, S/P Swimming pool PMI Private mortgage insurance PGS Propane OP Occupancy Permit GAROP Garage Door Opener What Does BB Mean, and How Do I Use It? Normally, a piece of property can be easily classified as either personal property or real property. Essentially, "turnkey" means that . Keep an eye out for seriousmaintenance issues that may be disguised by quick surface repairs, and call in a trusted home inspector to help you spot any hidden problems. The seller has an agreed-upon contract with the potential buyer. 1C, 2C 1 or 2 car Garage BA Bath Copyright 2022 Ann Arbor Area Board of REALTORS. Try, The governing body of a housing development, condo or townhome complex that sets rules and regulations. DWF, DWAC Deep Water/Access When you boil it down to the basics, real estate has a simple meaning. FMV Fair Market Value These contingencies fall away as tasks are completed, saysMelanie Atkinson, a Realtor with Coldwell Banker Residential Real Estate in Tampa, FL. DLO Seller Disclosure ASM Assumptions Miscellaneous. A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. WTR PD Water paid 2. Refinancing is generally done to secure better loan terms, such as a lower interest rate. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate brokers. There are many abbreviations used in real estate, but the following list includes the more common ones youve probably heard before. The action you just performed triggered the security solution. GLF Golf Course Closing costs are generally paid through escrow. G-RNG Gas Range 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. NYSAR New York State Association of Realtors The fascinating story behind . Press F to Pay Respects: What Does F Mean Online? Since many phrases can be shortened to BB, this acronym might refer to other things online. Dry Clothes Dryer It is not Zillows intention to solicit or interfere with any established agency relationship you may have with a real estate professional. SN Senior Refinancing is generally done to secure better loan terms, such as a lower interest rate. SPC Drive parking spaces Learn more about down payments here. Like, from the 50s. CRE Creative Real Estate Home Fees imposed by the state, county or municipality on transfer of title. Cent h/a Central Heat&Air A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. Updated from an earlier version on realtor.com. All Rights Reserved, Hey bb! Learn, Private Mortgage Insurance or PMI, is a monthly mortgage insurance premium paid by a borrower for a mortgage insurance policy. 3B/2B - three bedrooms and two bathrooms 2C - two-car garage A/C - air conditioning Appls - appliances Apt - apartment Ba - bathroom Br - bedroom CAC - central air conditioning Ch - central heat FAG Forced air gas Example: P30 (3% offered) You can also use BB as a platonic but affectionate nickname for a friend, especially if you have a strong and established friendship. Have questions about your home financingpaperwork? 3/4 Bath toilet + sink + shower or tub MYOB Mind Your Own Business UPF, UPR Upper floor ATT Attached Garage PITI Principal, Interest, Taxes and Insurance CRS Certified Residential Specialist Who doesnt get a thrill while browsing real estate onsites likeZillow or Trulia?Window-shopping for housesonlineis oneof the mostfun partsof the homebuying process. Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. W/D WD Washer and dryer SHOP Workshop A portion of your monthly payment goes into the escrow account to cover taxes and insurance. PL/1 In-Ground Pool Cen Central Air RTO Rent To Own Tiny houses are a trend, for sure. RELATED: How to Stream U.S. Sports for Free Online. 2/1 2 bedrooms / 1 bathrooms What is BB meaning in Real Estate? to cover taxes and insurance. When dealing with real estate, you might also need to know things like the abbreviations for all 50 states or even common measurement abbreviations. MAR Marble Hi ceils - This is an abbreviation for "high ceilings.". CAC Central air conditioning Det Detached Garage SHNG Shingle Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. MTG Mortgage Suggest. It is only recommended to perform title, lien, and property record searches before you get too far we advise doing your due diligence. It may also give the breakdown of the number of floors, size of the rooms and their location within the home. The Compensation is entered in the Compensation Code fields of BB (Buyer's Broker), SU (SubAgent), and/or TR (Transaction Coordinator). NBHD Neighborhood Cont Contemporary There are multiple reasons why homes become REO properties, the biggest one being that the home went into foreclosure. A concrete point at which buying a home makes more financial sense than renting one. LPOA Limited Power of Attorney PERM Perm Attic Stairs GRT RM Great room Examples of contingencies are home inspections, attorney review, the buyers financing, appraisal, and title search, among other reasons. HRS Horses Allowed CCR Conditions, Covenants, and Restrictions If your mortgage doesnt have an escrow account, you may pay the property-related expenses directly. PULL Pull-Down Attic Stair Not all products and services are available in all states. BBbb. Typically, putting away 5% of the rent . 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. REC Recreation Room He's invested in internet culture, social media, and how people interact with the web. W/W CRPT Wall To Wall Carpet This abbreviation is a shorthand way of showing your affection to your partner. Learn more about short sales here. 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. You might expect an up-and-coming neighborhood to be artsy and hip but that's not always the case. The components of a monthly mortgage payment. But if not, you'll want to factor in the cost ofrenovationsbefore deciding if this home is both in your budget and worth a visit. FHLMC Freddie Mac or Federal Home Loan Mortgage Corporation DOS Due On Sale Clause SPDED Special Warranty Deed A period of time (typically 30 days or more) after a buyer has made an offer on a home and a seller has accepted. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Zillow, Inc. holds real estate brokerage licenses in multiple states. R/OPT Rent w/Opt-Buy GARD Garden PAN Pantry This website is using a security service to protect itself from online attacks. YD Yard BCH Beach A lien is any legal claim upon a property for a debt or a non-monetary interest in the property. MOPOA Monthly POA Fee SKY Skylights Learn, The act of paying off one loan by obtaining another. Loans from private lenders that are regulated and insured by the Federal Housing Administration (FHA). RPAC Realtors Political Action Committee While BB can have a lot of meanings on the internet, the most popular is a pet name between romantic partners and close friends. In a commercial lease, both the base rent and any NNN expenses are calculated using a flat cost per square foot. 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. POA Power of Attorney Translation: This home is small. HB Half Bath (toilet + sink) Thats why when you read a real estate listing, you may end up scratching your head over a whole bunch of puzzling terms. REI Real Estate Investing MCOA Min $ on Assumption TOWN Town House Bb. IRA Individual Retirement Account C-fan Ceiling Fan The act of paying off one loan by obtaining another. FEMA Federal Emergency Management Agency Read, A property repossessed by a bank when the owner fails to make mortgage payments. 2. Read more about FHA loans here. This site provides direct, online public access to all county property records and document images for the United States and U.S. territories. Before you start calling someone BB, you might need to establish ground rules. WAR Warranty Plan CAP Capitalization Related:The 12 Fall Home Maintenance Tasks You Can't Ignore. When used in a real estate listing, the words cozy or charming aren't describing the ambiance of the space so much as the size. Its a set of lender-specific fees that are part of your costs when closing a mortgage loan. HW Hot Water Percentage (P): The first digit being the full percentage point and the second digit being the partial percentage (no decimal is used). MWV Microwave Oven This is the most popular NAR official designation and is relatively easy to get and maintain. CDS Cul de sac Most lenders will require title insurance to protect their interests should there be outstanding liens on the property securing their security interest. Try our amortization calculator to learn more. D/D Dishwasher and a garbage disposal The price of a home, as set by the seller. BLDRS REDO Builders Renovation REF Refrigerator If youre going to use BB in a platonic way, then you can get away with simply inserting it in a casual text. Read, 42. APR Annual Percentage Rate Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). STR On Street Parking Crk Creek Organizations can include local governments, utility companies, and homeowners associations. BB Real Estate Abbreviation. Real estate terms to know when you've started house hunting. It should return to active soon enough, so its certainly worth piping up if youre smitten. Sub2 Subject to existing financing SWR Sewer A property repossessed by a bank when the owner fails to make mortgage payments. If you need help understanding your mortgage or contract, these are some of the more common real estate, legal, and financial abbreviations youll see. Buyers should budget for an amount that is 2% to 5% of the homes purchase price. Closing costs:All of themiscellaneous expenses paid by the buyer and the seller when the real estate deal closes. I/O Interest Only (loan) RELO Relocation office MAO Maximum Allowable Offer Not all mortgages carry a prepayment penalty. LLC Limited Liability Company The "P" represents percent. Sort. SFR Single Family Residence NAT GS HT Natural gas heat A deed is the legal document that establishes ownership of real property, and is also used to transfer the ownership of real property to another person or entity. Brokerage. Learn more. These abbreviations are typically written in all capital letters. A loan estimate can help borrowers shop and compare costs of loans with lenders. Cloudflare Ray ID: 7a2835264c3fdd54 The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. 67.211.219.14 REALTOR:Areal estate broker or sales associate who is a member of the National Association of REALTORS. REO Real Estate Owned A security deposit made by the buyer to assure the seller of his or her intent to purchase. PVT Private PICK Picket Fence A government-sponsored enterprise chartered in 1938 to help ensure a reliable and affordable supply of mortgage funds throughout the country. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. LLP Limited Liability Partnership ELE Electric If you're still unclear what a shorthand is referring to, reach out to the listing agent. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal. How-To Geek is where you turn when you want experts to explain technology. BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. A portion of your monthly payment goes into the. CBR Certified Buyer Representative If your mortgage doesnt have an escrow account, you may pay the property-related expenses directly. WINDT Window Treatment Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. 2023 LoveToKnow Media. FXR Fixer Upper GRM Gross Rent Multiplier Lo dues:Low homeowners association dues. REIA Real Estate Investors Association SMB Split Master Bedroom LTV Loan to Value Read, A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. Paying points, which are tax deductible, will lower the monthly mortgage payment. AMO Accredited Management Organization Bsmt Basement Related:10 Signs That Fixer-Upper Might Be a Money Pit. Cer Ceramic Tile Not all Northwestern Mutual representatives are advisors. CRS is a title awarded by the Council of Residential Specialists to only the top real estate agents, managers, and brokers. REAL ESTATE DEED ABBREVIATONS AND ACRONYMS. Fpgas Gas Fireplace 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. During this time, the home is inspected and appraised, and the title is searched for liens, etc. Each lending institution sets its own prime rate. OA Owner Agent Questions And Answers Click to reveal So if the home in question isyour dream home, it may be worth offering upa deal that the seller cant refuse. BB Real Estate Abbreviation. 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). 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. Title Records Corp.160 Greentree DriveDover, DE 199041-302-269-3942office@ustitlerecords.com, #ustitlerecords #ustitlerecords #ustitlerecords. Not all real estate agents are REALTORS. ELV Elevator Market conditions that exist when homes for sale outnumber buyers. OBO Or Best Offer Real Estate Definition. A visual evaluation performed by a licensed home inspector to look for any potential defects or items of note related to the property, building(s), and the systems in a home. SMART Typically computer-controlled heating and cooling, alarms, lights etc. Try our debt-to-income calculator to learn more. HIST Historical District WDSTV Wood-Burning Stove PLAY Playground AEK All electric kitchen HOA Homeowners Association All rights reserved. SD Security Deposit Read more about back-end ratio here. An MLS allows brokers to see one another's listings of. Real estate agents and other real estate professionals often need to have specific certifications and may work with or belong to different associations or groups. Home affordability takes into account your income, down payment, and monthly debts. These institutions underwrite as well as set home loan pricing in-house. PUD Planned Unit Development The price of borrowing money. 4/3 4 bedrooms / 3 bathrooms Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. Read more about escalation clauses and making an offer on a home. FRBO for rent by owner All Rights Reserved. RDR Radiator DOT Deed of Trust MO Month Learn more about refinancing here. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. NNN Triple Net Lease This abbreviation is a shorthand way of showing your affection to your partner. PROP HT Propane Heat ASB Asbestos Siding A/C Air Conditioning Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. HSF Heated square feet All of these abbreviations are commonly used to describe the features of a house or commercial property. The Real Estate Commission: How Much Are Realtor Fees? You can also use BB as a platonic but affectionate nickname for a friend, especially if you have a strong and established friendship. A ratio that compares a home buyers expenses to gross income. LOC Line of Credit POA Power of Attorney 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. 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. A house located in a quiet location may be slightly off the beaten trackor, it may be out-and-out secluded. Step 1: Buy a duplex property for $100,000 in a neighborhood where the average home price is $200,000. There is no MLS covering the whole country. LR with Fplc? It's a piece of land and the property - such as a house, office building, apartment, strip center or warehouse - that sits on it. WTR Water Oftentimes, a seller will take a property off the market while they make home repairs or improvements., Under contract (UC):This statusalsoindicates thattheseller has acceptedan offer from a buyer, but the sale has not yet been completed. Imagine you're leasing a 1,000-square-foot office space with a base rental rate of. Usually, the realtor's website will give a good description without the real estate abbreviations. Learn, One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. If thats your style, you're in luck. Our belief in better is at the core of everything that we do, every day. 4B/2B:Four bedrooms and two bathrooms. LTV loan to value Privacy Policy 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). Mortgage insurance protects the lender if the borrower defaults on the mortgage loan. WIN Window/Wall Unit CLTV Combined Loan To Value In the abbreviations, you may see differences in which letters get capitalized and which dont depending on the realtor/publication. OO Owner Occupied What Is a Short Sale? This claim belongs to a third party, who can either be an organization or an individual. The "P" represents percent. property in buildings and land; space, capacity See the full definition . Chn Chain Link Fence Cbl,Cblh Cable/Hookup GAR Garage 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. 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. IGSP In-Ground Sprinkler Read more about pre-qualification here. FNCD YD Fenced Yard Anne Miller lives in New York and writes real estate news and advice stories. DTI Debt to Income Ratio GMT Kitchen Gourmet kitchen Center for Real Estate Technology, a division of NAR focused on technology products, programs, and issues. 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. Check out our glossary of frequently-used mortgage terms. One loan covers 80% of the homes value, another loan covers 10% to 15% of the homes value, and the buyer contributes the remainder. Fees associated with the purchase of a home that are due at the end of the sales transaction. 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). Margaret Heidenry is a writer living in Brooklyn, NY. BD Bedroom MLS:Multiple Listing Service. HUD Housing and Urban Development OCN Ocean Individuals could include neighbors or other people who have a right of way. HUD Department of Housing and Urban Development A percentage of the homes value owned by the homeowner. The owners bank must approve a lower listing price before the home can be sold. After the set time period your interest rate will change and so will your monthly payment. 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. Longterm care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. INT Intercom DOS Due On Sale Clause Zkratka ESG (z anglickho Environmental . Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. Even though a sale is highly likely, some pending properties may still accept backups. Read more about origination fees here. The amount of the loan divided by the price of the house. LR Living room That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. Investors will also want to consider the return on investment (ROI), internal rate of return (IRR . UTCL Utility Closet AJ Affidavit of Joint Tenant Deed. FDR/DR Dining room or a formal dining room A minimum requirement is often dictated by the loan type. They provide clues to what is included in the purchase price. Listing:An agreement between a real estate broker and a home owner that allows the broker to market and arrange for the sale of the owners home. A full bathroom is a room with a toilet, a sink and a bathtub. Farm Farmhouse The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. This means the propertys ownersare actively taking backup offers in case the first one falls through. WDSTV Wood Burn Stove Please seek the services of a legal, accounting or real estate professional prior to any real estate transaction. Banks, savings and loans, and credit unions. A property was withdrawn from the realty market. Copyright 2023 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. Learn, Repayment of a mortgage over the loan term through regular monthly installments of principal and interest, based on an amortization schedule. New real estate investors may wonder what the terms Class A, B, C, and D property mean. SRO Single Room Occupancy 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. Related:12 Ideas to Steal from Vintage Kitchens. "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 . EMC Earnest money contract Here are a few examples of BB in action: Do you want to learn more internet slang terms? TRC Trash Compactor A period of time (typically 30 days or more) after a buyer has made an offer on a home and a seller has accepted. Performance & security by Cloudflare. END End Unit CCR Conditions, Covenants, and Restrictions Learn more about foreclosure here. Dbl Double The ratio compares the borrowers monthly debt payments to gross income. PL -Swimming Pool A three-quarter bathroom has a toilet, a sink and a shower. Classifying property is in part about age but should also consider things like affordability, amenities, and livability.