I made an offer on a townhouse. After two counter offers, we received a verbal agreement with the seller. This transactions is slightly different in that the seller has moved to the mainland already and the relocation department of Prudential Locations is handling the sale.
In any case, four days after we received the verbal agreement, we receive several proposed Amendments to the contract from the relocation department. Specifically, they want the language stricken from the contract that allows for mediation or arbitration if something is wrong with the property.
My realtor says that this is a common practice for relocation companies. Because they are acting as middlemen between the buyer and seller, they don’t want to be held/found accountable/liable if something goes wrong.
To me this seems suspicious. Can I get some opinions on this. Perhaps someone has had this happen before.
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