I to, like Karen, am in the process of trying to buy a property from these people. It is a very distressed property, with water and termite damage- curently a salvagable property. I thought we had a deal- infact I had started getting inspections and meeting contractors- and then they sprung their purchase contract on me. I agree with Karen, very one sided. My greatest concern is that I had pledged a substantial amount of earnest money, and their contract states: " Notwithstanding any langueage to the contrary in the offer, addenda or counter offer, if buyer defaults in the performance of the contract, 100% of the earnest money will go to the seller." Needless to say I didn't sign it. I am still waiting for a response from them. I would think they would want to move this property off their books as quickly as possible. I will continue to pursue this property, but cautiously. I would love to make a deal with them. I posess everytimg necessary to pull this off on my end, from a construction and appraisal background to a credit score of 790 and the income to carry the debt, but they are smoking crack if they think that I am going to sign a contract that leaves my earnest money up for grabs in the event that my bank cannot perform. It is my judgement that they are overplaying their hand with this contract, and potentially loosing deals because of it. Buyer beware. Read the fine print.