They're vs. Their vs. There

Word	Description	Examples
they're	Contraction of "they are"	They're ready.
their	Possessive pronoun like "his" or "her" but for more than one person	Cobey is their dog.
there	A place or point	Right there! It is over there. There it is.

Hints

• "There" has the word "here" embedded in it, which should remind you of a location.
• Mentally replace "they're" with "they are" and see if it makes sense.