What does BOM stand for real estate?
What does BOM stand for real estate?
back on the market
BOM stands for “back on the market” in real estate, and is a common abbreviation used by real estate agents. As the name suggests, a listing that is back on the market simply means that it is available again after a prior offer or contract fell through.
What is CTG in real estate?
CTG – Contingent. There is a signed, accepted offer. That is, there is a legally binding agreement between Buyer and Seller. Yes, that’s right, UAG and CTG status in MLS mean essentially the same thing – namely, that there is a signed, accepted offer between Buyer and Seller.
What do you call the money you make from selling your house?
Capital gains: If you have a high “capital gain,” you can celebrate; it means you’ve received a certain percentage of “profit” from the sale of your home because the sale was above the initial purchase price plus any fees.
What does BOM mean in slang?
Summary of Key Points
| BOM | |
|---|---|
| Definition: | Friend |
| Type: | Slang Word (Jargon) |
| Guessability: | 3: Guessable |
| Typical Users: | Adults and Teenagers |
What does BOM stand for?
bill of materials
A bill of materials (BOM) is the data that identifies the items or raw materials used to produce any physical thing, whether that thing is a structure or a product.
What does Cancelled listing mean?
Under the Bright MLS Rules & Regulations, “Expired” or “Cancelled” status means that there is no longer an active brokerage agreement/listing contract with the seller. Therefore, the seller may be contacted without a potential violation of Article 16.
What does updated mean in real estate?
So what does updated often really mean? “Instead it means that some updates have been made to the home over time, such as new appliances in the kitchen, but they could have been completed a few years ago,” Breitman said.
Where should I keep the money when I sell my house?
Think about your home sale proceeds in 3 financial buckets
- Buy another property.
- Explore the stock market.
- Pay off debt.
- Invest in priceless experiences, memories, and skills that last a lifetime.
- Set up an emergency account.
- Keep it for a down payment on a new house.
- Add it to a college fund.
- Save it for retirement.
Can a seller back out of a contingent offer?
Real estate contracts are legally binding, so sellers can’t back out just because they received a better offer. The main exception is when the contract includes a contingency that allows the seller to terminate the sale.
What does Bom stand for in real estate?
BOM stands for “back on the market” in real estate, and is a common abbreviation used by real estate agents. As the name suggests, a listing that is back on the market simply means that it is available again after a prior offer or contract fell through.
How to use bombbomb with real estate agents?
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What’s the difference between a listing and a FSBO?
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 owner’s home. The word “listing” is also used to refer to the for-sale home itself. A home being sold by the owner (FSBO) without a real estate agent isn’t a “listing.”.
What are the abbreviations for real estate listings?
Most real estate agents use similar abbreviations as part of real estate lingo, so once you get the jist, you can read any listing with confidence. 4B/2B: Four bedrooms and two bathrooms.