Nonrefundable Despoit Clause in Offer ?

[David Kimball]

I am about to make an offer on an AS-IS SKELETON 3-family using the seller's realtor's contract. I'm wondering if anyone has thoughts about this clause in the contract:

"If this Contract is legally and rightfully cancelled, the Buyer CANNOT get back the deposit and any money paid and the parties will be free of liability to each other."

There is also no inspection contingency written in there.

Shouldn't I request that at least an oil tank inspection contingency be included, or even a general non-specific inspection contingency? And that the nonrefundable deposit clause be reworded so that IF there is something wrong upon inspection, I can back out fully and get the deposit back?

Huge thanks!

[Brian P.]

Donna get off your high horse, you know nothing of me or my ethics which I know are the highest. In over 57 years of investing and 48 years of brokerage not a single complaint regarding my business practices.

There is a time and a place for everything and that includes options, so put you brain in gear and learn something, you don't have to be one of those people always looking for the evil, and to you every thing probably looks like evil.

The option can be used to protect my client or me against the hustlers wanting to tie something up with little harm or none to them, and have little regard of harm to myself or my client, who has hired me to do that job. Those types are the evil doers. I will suggest you for Sainthood if I ever get the chance but only after I review all your business practices.