I got ya.

You seem pretty sure your financing will go through and from what I know of you, you seem like one who does his homework on this sort of thing, so I say if you are sure that you really want the house, then go for it. It sounds like you will probably be OK. In a perfect world, I would suggest a contract with more proctection for yourself though.

I am not sure about the legal aspect of this. If for some reason it didn't work out, what is the worst that can happen? You will be out your earnest money? Is that all or are there more serious consequences? Are you willing to take that risk? I guess that is what it comes down to.

I think I saw x5GuyInLA online. He may be able to help you more. He is a realtor in your neck of the woods.

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Profeshenal spellar