Post: Contract Adendum by Relocation Company

Posted by susan on 7/23/08

Hello there. We are buying a house but the owner is selling
it through a relocation company. The relocation company
asked us to sign an contract addendum in which there is a
statement:

"Buyer's closing on Property will constitute its
acknowledgement that Property, including defect (if any) is
acceptable to the Buyer. Buyer's acceptance of the deed and
property at final settlement/closing will consitute an
absolute and irrevocable waiver of Buyer's rights at any
time in the future to object to property or its condition
or to assert any claim whatsoever related to Property,
including latent defects of which seller has no actual
knowledge."

"Buyer agree that any dispute involving Seller related to
the contract of Sale will not be submitted to mediation or
arbitration."

I am nervous about those wording, can anyone advise if I
should Sign the Addendum? Thanks a lot!

Posts on this thread, including this one

Contract Adendum by Relocation Company, 7/23/08, by susan.