10/22/2026
GOOD NIGHT, FUTURE HOMEOWNERS! ✨
📚 REAL ESTATE WORDS TO KNOW — PART 2!
Let’s keep learning! 💡 Buying a home is a big step, and knowing these terms can help you make more confident decisions.
🔑 1. CONTINGENCY
A condition written into a real estate contract that must be met for certain contractual obligations to continue. Examples may include financing or an acceptable appraisal.
🏡 2. APPRAISAL
An estimate of a home’s market value, typically ordered by the lender to help determine whether the property supports the loan amount.
💵 3. ESCROW
Money or documents held by a neutral third party until certain contract conditions are met. The term can also refer to an account used to pay property taxes and homeowners insurance.
📉 4. MORTGAGE POINTS
Fees you may pay upfront to a lender to reduce your mortgage interest rate. Whether points make sense depends on your loan, costs, and how long you plan to keep it.
✨ BONUS TIP: The listing price isn’t always the final price, and getting pre-approved doesn’t guarantee final loan approval. Every detail matters!
🏡 Thinking about buying a home? Don’t let unfamiliar terms intimidate you! Having someone guide you through the process can make a world of difference.
📩 Send me a message with your homebuying questions. Let’s talk about your goals and make a plan!
Good night, future homeowners! May God bless you and your family’s dreams of homeownership. 🙏
Ruby Cuadra | REALTOR®
Bates Brinkley Realty
📍 Baytown & Surrounding Areas
🏡 Helping you find your first home and every home after.