re: Home purchase offer question

I seem to recall that in the LA standard contract (I know this is Denver, but saying for comparison) that if an inspection finds issues and the buyer asks the seller to fix or a reduction in price, the seller can say no thanks, and the buyer can walk away, and no one loses any money.

When we bought our new house this spring, we ended up paying about 10K less than asking price and the sellers also paid 2.5 percent of the sales price for closing costs. In exchange, they told us up front that if anything was wrong with the house, they were not fixing it, and we could walk if we wanted to. We had an inspection and only found a couple of minor issues, so we just fixed them ourselves.