[Personal] Ridiculous counter offer

Today we got a counter offer for yesterday's bid. The terms are just ridiculous:

• "All contingencies to be removed by the end of the day (loan appraisal, property)."
  Yeah right, no contingencies on a house with ZERO inspections?!
• "Buyer has to pay for all the reports."
  The seller is asking for >$50,000 over list price but couldn't cover the ~$500 reports?!

All this for a house that needs some costly work? Forget about it!