House deal fell through over $500!

[Erica M.]

Hi. We are the buyers. We went to sign contracts with the lawyer and the sellers tried to pull a shady move. They wrote in the contract that they

will not credit us the $500 for property condition. They wrote that is was already reflected in the price. We never agreed to this with the seller. We did negotiate a little after inspections, but property disclosure credit never came up in discussion. So we told them forget it...we are backing out. It's not so much that we need the money, it's more out of principle. We've given the credit when we've sold homes. The final price is not much lower than their asking. Are we being greedy or are they!? They are willing to let the deal fall through over $500. We are serious cash buyers. Are our expectations way off base on this? Thanks for any input.

[Dell Schlabach]

You had the house under contract with 500.00 credit for the condition. 

Then you negotiated them down again after inspection.

Is it possible the seller thought that your renegotiated price after inspections is the price they agreed to to reflect "the conditions"  snd not a reduction,plus 500?

From the limited information provided here, I would be coming down on the side of the seller, if you renegotiate the price of the house for problems you found during inspections, unless that was clarified at some point. 

Do you have the changes in writing.

Sounds like this is just a misunderstanding, and they are doing this on principle as well?

So two people are willing to lose a deal on principle ...or over a misunderstanding