Abby, how is this for a possibility:
You put down $6k, non refundable.
You get your inspection and find out there is major roof damage, foundation damage, or the house needs a new AC. You either proceed and be willing to pay the price, or walk away and loose your $6k.
Next scenario: Your inspection goes fine. All of a sudden, your lender says "I'm sorry, but something popped up on your credit report and you no longer qualify for the loan." You also just lost $6k.
Next scenario: The home owner has a tax lien and the title company says that they cannot confer a clear title. You just lost $6k.
Next scenario: Your home loan is going great, but your lender says they need another week to finish processing the documents. Your closing date is this week. You just lost $6k.
Lets say you want to ask for ANY changes to the contract. Why should the seller negotiate? There is no reason to. They know that if you walk away, you just lost $6k - and it goes into THEIR pocket.
Is it legal? Of course.
Is it ethical? Sure. If the buyer agrees to it, then why not?
Is it SMART for the buyer? Absolutely not!
Because it's more than real estate. It's RAYL-Estate!
Brian Rayl, REALTORÂ®, e-PRO, SFR
Keller Williams Elilte Park Cities