I’m a first time buyer and going through my very first attorney-review. The seller came back with a couple dozen changes to the standard contract, all of which seems pretty standard, except for one: if wood-destroying insects are found, they do not want to be responsible for remediating, and as buyers, our only options are to either cancel the contract or fix it ourselves.
Can someone tell me if that’s… weird? Should I read into this?
The disclosure says they have no knowledge of any wood-destroying insects, so it seems sort of unusual that if insects were found, their preferred option would be to cancel the contract and take the house back (at which point, they’d know they have termites, and they would have to update the seller’s disclosure). Why would they not want to remediate that?