Real Estate For Sale By Owner in Tasmania

deposit
Money given by a buyer with an offer to purchase property. Also called earnest money.

appraisal
An opinion of a value of the property at the given point in time.

Equal Credit Opportunity Act (ECOA)
Federal law which prohibits the lender or other creditor from refusing to grant credit based on a applicant's sex, marital status, race, religion, national origin, or age, or because a applicant receives public assistance.

inspection fee
A fee paid to determine a present physical condition of a home, required by a lender in order to supplement a information contained in a appraisal report.