We have a cash offer but the buyer struck the following from the standard contract:
If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract
Anyone know if this is some kind of move to screw us down the road or does it just have to do with the cash offer?
If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract
Anyone know if this is some kind of move to screw us down the road or does it just have to do with the cash offer?