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Seller's Counter |
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Recently I put a bid on a house with a contingency regarding the sale of my house. The sellers came back accepting my offer but not the contingency on my terms. They wanted a $5000 non refundable down payment and they would take their home off the market for a month. My contingency allowed them to keep their home on the market if a better offer should come along or I don't sell my house. Is it legal to ask for a non refundable payment? Sounds like a scam to me. Thanks. |
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They can ask for anything they want, nothing illegal about that. If you don't want to accept their terms, you don't have to buy. That's what negotiation is all about. |
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Edith
Originally published on April 29, 2008 |
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