Vocabulary $-$ Purchasing propertyWhat does it mean?Select the term associated with making housing decisions that corresponds to each of the given descriptions. $($Note: Thee are complete definitions, but there is only one possible answer for each description.$)$necessarilyDescriptionTermThis is a deposit made to the seller to express the intent of purchase so that the offer is considered seriously.This term refers to the transaction costs, including fees and expenses, incurred by the buyer during the purchase of a property that is over and above the price of the property.This term describes the process through which an asset, not owned by the seller, is sold at a price lower than debt balance owed on the property.This is the general name given to fees paid by a borrower where one point is equal to $1\%$ of the amount borrowed.This refers to the clause in a real estate sales contract that makes the agreement conditional on one or more factors or events, such as the availability of financing or the results of a property inspection.