EADO

Definition

An acronym for East Downtown Houston, a neighborhood designation in Houston, Texas that real estate and locals use to pinpoint specific districts.

Example Usage

I'm looking to rent a house over in EADO because the rent is reasonable and the vibe is cool.

Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=EADO&defid=6731629)

Related Terms

Intermediate

liens

A legal claim on someone's property that says 'you owe me money, and I'm holding this hostage until you pay up.' These financial handcuffs ensure creditors get paid before you can sell or refinance. Think of it as a sticky note from the law that won't come off until the debt is settled.

🏠 Real Estate

Beginner

Tenant

A person who rents a property from a landlord and has more rights than you'd think, which landlords discover too late.

🏠 Real Estate

Intermediate

ARV (After Repair Value)

The projected value of a property after renovations, an educated guess that's frequently less educated than anticipated.

🏠 Real Estate

Intermediate

earnest

In real estate, it's the money you throw at a seller to prove you're serious about buying their overpriced house and not just window shopping. This deposit gets held in escrow as collateral for your commitment, because apparently your word means nothing without cash backing it up. Lose it if you back out, keep it applied to the purchase if you follow through—it's basically a financial pinky promise.

🏠 Real Estate

Beginner

subject to inspection

The escape hatch in every smart buyer's offer—a contingency allowing them to back out or renegotiate if the inspection reveals the house is held together by hope and termites. It's the 'just kidding' clause of real estate.

🏠 Real Estate

Intermediate

CDOM

Cumulative Days on Market—total time a property has been listed, including periods off-market and relisting. It's the zombie metric agents hope nobody notices.

🏠 Real Estate

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