My family is currently selling our house, and we’ve received two offers. The realtor and my ex-stepmom are pushing for the lower cash offer of $540k, but I’m confused. Our house was listed at $520k, and we have a cash offer for $540k and a financed offer for $600k. The cash offer is appealing because it’s quick, but I’m not sure why we wouldn’t go for the higher offer. Can someone help me understand the pros and cons here? Thanks!
Cash is king!!! 
But what are the contingencies for the cash offer? Are they getting an inspection?
Arden said:
Cash is king!!!
I’m not sure about the cash offer’s contingencies. They might not need an inspection since they’re paying cash.
What if the financing offer backs out completely after inspection? You could lose both offers.
Cash buyers can sometimes play games too. Be ready for them to negotiate hard on price. They might want reductions after inspection.
If you take the $600k offer and it falls through, the cash offer could be gone too. That’s risky.
It’s not just about the money. Conditions matter too. Your realtor might be recommending the more solid deal.
Lian said:
It’s not just about the money. Conditions matter too. Your realtor might be recommending the more solid deal.
Yeah, I get that. I just wish it was clearer what to do!
I had a similar situation and went with a lower offer because it was cash. It closed quickly, and I was relieved.
If the $600k offer doesn’t appraise, you could have problems. You might end up negotiating down to something lower.
Aspen said:
If the $600k offer doesn’t appraise, you could have problems. You might end up negotiating down to something lower.
That’s what I’m worried about! What if they try to lower it after inspection?