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Deposit when seller has conditions.

I'm asking this here because due to terrible timing my RE agent is on vacation and I haven't communicated with the agent covering for him yet. We made our first offer on a home on Wednesday and it was signed back to us yesterday with a condition for the sellers to have 5 days for a lawyer to review it. We asked to extend the finance and inspection conditions to 7 days. Signed and submitted. Apparently this is common with an estate sale? But we are still required to make a deposit within 24 hours. Why do I have to make a deposit when the sellers are the ones who can current kill this deal? Obviously I'm going to do the deposit shortly but to me it seems like I shouldn't have to make a deposit until they waive their condition.

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

source https://www.reddit.com/r/RealEstate/comments/1kz2i8z/deposit_when_seller_has_conditions/
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