
Confused by all the different real estate lingo?
I often get a lot questions from Pearland home buyers on the meaning of certain real estate terms. It can all be overwhelming for a new home buyer or even an "old pro" as the real estate market is always changing. Below is a list of common real estate terms and definitions that may help you in your search to buy a home in Pearland. This is not a definitive list but it can help you understand the Pearland real estate market better.

REALTOR®- a real estate broker or sales associate who is a member of the National Association of REALTORS®. Not all real estate agents are REALTORS®.homes that are comparable to a subject home and that were recently sold, are currently on the market or were on the market, but not sold within the listing period.
Contingency - a addendum to the executed contract stating that the sale is contingent on the buyer closing on and funding on another property..
Underwriting - The process in which lenders evaluate the risks posed by a particular borrower and set appropriate conditions for the loan.
Underwriting Fee - A fee charged by the lender to verify information on the loan application, authenticate the property's worth as collateral, and make a final determination about whether to grant a loan to the applicant.

VA Loan - A loan through the Veterans Administration program, which allows most veterans to purchase a house without a down payment.
Discount Points - Points a lender charges to reduce interest rate; may be paid by either buyer or seller on conventional loans; one point is equal to 1 percent of the loan value.
Variable-Rate Mortgage - Any real estate loan in which the interest rate varies over time according to a prescribed formula or set of conditions; usually changes in economic conditions. (Also known as an adjustable-rate mortgage).
Adjustable Rate Mortgage - Any real estate loan in which the interest rate varies over time according to a prescribed formula or set of conditions, usually changes in economic conditions. (Also known as a variable rate mortgage).
If there are some real estate terms you have heard that you are not sure what they mean, please give me a call! I have over 15 years of helping people buy and sell houses in Pearland. Let me know how I can help you find your Pearland home today!
Whether you are buying or selling Real Estate in Pearland Texas it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Pearland Texas home! For more information regarding Pearland Texas be sure to visit my website:
- PearlandHomeTeam.com - Homes for Sale in Pearland Texas, Schools, Home Selling Tips, Buying a Home Tips, Foreclosures, Weather and Community Information.


private ponds, and lots of room for all of your outdoor activities. The island kitchen features a breakfast bar that overlooks the dinning room. The living area has a beautiful fireplace in-cased in ceramic tile. Horses Welcome!


When buying a home it is important that you obtain quality information to make an informed decisions about the area, market, inspectors, insurance, movers, etc. Your Real Estate agent should be able to provide you with plenty of resources and materials for you education. 









