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Seller/Builder requesting non-refundable prepayment to finish basement on new construction.

We have a home sale contingency on new townhouse construction in Chicago. We just got a signed contract on our place, with a mortgage contingency.

  • Home is finished but basement buildout (was negotiated to be completed as part of the offer.
  • We're in attorneey review now.

Also, they're only offering 1 year limited warranty, no structural. I'm used to a 10 year structure or a 1-10, 2-10 warranty.

General thoughts?

submitted by /u/Lewis312
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/everx6/sellerbuilder_requesting_nonrefundable_prepayment/
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