AC: Air Conditioning
ACH: Active Contingent on House Closing means that an offer has been made and accepted but if the buyer’s own home does not sell the contract will be void. Back up offers are often accepted in this case and the first buyer typically has 48 – 72 hours to waive their contingency.
ACM: Active Contingent Miscellaneous means that an offer has been made and accepted but there is a stipulation that the deal may fall through if certain conditions are not met.
BPO: Broker Price Opinion is what a broker in the area believes a home to be worth based on the current market and what your home has to offer characteristically. Getting a BPO can be extremely beneficial in knowing what (if any) updates or repairs would need to be made to make a house market ready.
CD: Closing Disclosure, this is a form that provides the final details about the closing costs, mortgage the buyer has chosen and the cashier’s check amount the buyer must bring to closing. Or in the case of the seller, what the payout will be after all closing costs and mortgages are paid.
CMA: This stands for ‘comparative market analysis’ which is a report that will show you prices of properties recently sold or currently on the market that are similar to your own. This report helps you and your realtor to know if your home is priced correctly for the current market.
CNT: Contingent means that an offer has been made on a home and it has been accepted. The final sale of the home however is dependent on certain criteria being met. It could be an appraisal, home inspections, a mortgage approval or any number of other things.
DOM: Days on Market, how long a home has been for sale.
FSBO: ‘For Sale By Owner,’ which means that the owner of the home is not working with a realtor to sell the home.
HOA: Home Owners Association, an HOA is an association that is formed by a developer to manage how homes in an area are kept. There can be fees associated with this and/or a list of requirements for homes in a certain neighborhood.