Real Estate Jargon Explained

By Morgan Saylor

House hunting? Selling your home? You’ll come across a sea of jargon that may seem be Greek to you – we’ve decoded mortgage jargon in the past, and with the help of will help you understand some of those listing terms here!

Active – It means what you’d think it might – that a property is on the market!

Closed (CL) – Closed means a property is not available.

Active with Contract (AWC) – Active with a contract refers to a property that has accepted an offer on a home but the seller is open to receiving a backup offer, which is common in the case of short sales, Margaret Heidenry writes.

Under Contract (UC) – The seller has a contract with a potential buyer. It isn’t a done deal just yet!

Contingent – A contingent offer has been accepted – the contingency can be conditioned or subject to almost anything (home inspections, appraisal, etc).

Deal Pending (DP) – Means what it sounds like: the seller has accepted an offer and executed a contract, the contingencies have been met, but the transaction is in the escrow period. The property will likely show as “pending” until it closes.

For more real estate terms, check out this blog.


Tags: Real Estate, acroynms, jargon