Common Real Estate Terms

Real Estate & Title Glossary

Buying or selling property comes with a lot of new terminology. We've simplified some of the most common real estate and title insurance terms to help you feel confident throughout your transaction.

NOTE: The following terms are defined only in their real estate or title insurance context. These terms may have different meanings when used in other contexts. For more precise definitions, you are advised to seek legal counsel.

Appraisal

A professional estimate of a property’s current market value.

Closing

The final step in a real estate transaction when documents are signed, funds are distributed, and ownership transfers to the buyer.

Closing costs

The fees associated with completing a real estate transaction, including title services, lender fees, recording costs, and more.

Deed

The legal document used to transfer ownership of real property from one party to another.

Earnest money

A deposit made by the buyer to demonstrate their serious intent to purchase a property.

Easement

A legal right that allows someone to use a portion of another person’s property for a specific purpose, such as utilities or access.

Escrow

Funds or documents held by a neutral third party until all conditions of a transaction have been met.

Lien

A legal claim against a property due to an unpaid debt or obligation.

Mortgage

A loan used to purchase real estate, secured by the property itself.

Survey

A drawing that identifies property boundaries, easements, and improvements.

Title

Your legal ownership rights to a property.

Title insurance

A one-time insurance policy that protects property owners and lenders against covered title defects, liens, or ownership disputes.

Title search

A detailed review of public records used to verify ownership and identify any issues that could affect a property’s title.

Underwriter

The insurance company that backs and issues title insurance policies.

Zoning

Local regulations that determine how property may be used, including residential, commercial, agricultural, or industrial purposes.

Have Questions?

Real estate transactions can be complex, but you don't have to navigate them alone. Our experienced team is here to guide you every step of the way. Contact Texas Country Title to learn more about the title and closing process.

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Providing comprehensive Title Insurance in Bastrop, Burleson, Colorado, Falls, Fayette, Lee, Milam, and Washington Counties.

Alicia Lopez

- Escrow Officer -

– Cameron –
Serving Milam and Falls Co.

Ana Alicia Perales

- Escrow Officer -

– LaGrange –

Kellie Whitmire

- Orders -

Harley Weatherly

- Orders -

Lori Towery

- Escrow Officer -

– Cameron –
Serving Milam and Falls Co.

Melissa Boyer

- Management Team -

– Title Examiner –

Ashleigh Moehling

Escrow Officer / Manager & On-Site Manager

Will Sanders

Examiner

Carlene Bowman

Examiner

Emma

- Escrow Officer -

Kirsten

- Escrow Officer -

Chasity

- Escrow Officer -

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Our staff has in excess of 100 years of experience in real estate.