Here are some abbreviationsÂ commonly used in Denver Real Estate.
DOM = Days on Market
PSF = price per square foot
ACT = active, as in currently on the market
U/C ~ under contract = this is when buyer and seller have reach an agreement andÂ have signed the approriate documents. The home is no longer actively on the market
also sometimes referred to as pending sale
RES = residential
SFR - single family residence
REO = real estate owned
HUD home = refers to a property owned by the Department of Housing and Urban Development
BSMT = basement
BATH : F = Full bath, H = Half Bath, T = Quarter Bath (e.g a powder room)
FSBO/FISBO = For Sale By Owner
A few Mortage/Loan abbreviations
PITI = Principal, Interest, Taxes, Insurance (re: loan)
PMI = Private Mortage Insurance
LTV = Loan to Value (ratio)
If you are considering selling your home weÂ welcome the opportunity to discuss your home and marketing your home with you. See our contact information below.
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Rita and Brian Burke
Kenna and Co. Denver Luxury Homes and Real Estate
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Disclaimer: Kenna and Co. Blog does not guarantee nor is in any way responsible for the accuracy of theÂ information provided herein, and provides said information without warranties of any kind, either expressed or implied. Blog posts on the Kenna and Co. Blog represent the opinions and ideas of the author. Kenna and Co. Blog does not express the views of Kenna and Co. or those of the broker.