Your realtor should be able to run the comps on the subject area and give you an ideal of the market value of the property, prior to submitting an offer. If you need any help , contact me I have performed 1000's of broker price opinions for banks and investors.... more
Find a local Realtor to help you and they can give you the complete details on any listing.
You're better off with having your own Realtor protecting your interests and it will cost you nothing and you can buy any property listed on the Realtor MLS system.
All the best,
It all depends on what the contract provides. I'm not a lawyer, and I don't have a copy of your contract in front of me, so I can't answer definitely. However...
Most lease-option contracts provide that the option consideration (both the upfront amount and any monthly amount credited) is nonrefundable if the tenant-buyer does not exercise the option. Judging from your question and reference to "non refundable money," it sounds as if the contract specifies that such funds were nonrefundable.
If that's the case, then no, the seller does not receive back a portion of his/her nonrefundable option fee.
You may, if you wish, voluntarily return some of the money. That's sometimes done, though rarely. But, if the contract states that the option fees are nonrefundable, then that's just what they are.
Hope that helps.... more