Houses for sale in New South Wales

patent defect
A visible deficiency in the piece of property, such as the cracked basement slab or the sagging porch.

book value
The value of the property as the capital asset based on its cost plus any additions, minus depreciation.

home equity line of credit
An open-ended line of credit based on the homeowner's accumulated equity. Most loan amounts may be limited to 75 to 85 percent of home's appraised value; withdrawals can be made at any time within a credit line's guidelines.

historic preservation
The physical rehabilitation of the historic home or building, and a movement of a same name begun in a 1960s in a United States to preserve and protect landmarks and urban neighborhoods.