Are you paying cash or are you financing?
As a seller, if you have multiple offers, is the cash offer better than the offer contingent upon financing? That is a tricky question, and most people would say, "Take the cash offer because it's a guarantee." However, many times it's not that easy because there are other factors in a contract that you should also consider.
For example, let's say you have an offer for $100,000 cash for your home, and that offer is contingent upon an appraisal and an inspection because the buyer wants to do their due diligence.
Then, you have another offer for $110,000, contingent upon financing and appraisal but not contingent upon a home inspection.
Now, which one is the better offer? It gets confusing because there are different terms in each offer to consider. When you have offers like this, you must have an agent who can explain the pros and cons of each offer so that you can successfully navigate to the closing table.
At Castle Rock Realty, our agents have many years of experience navigating sellers through contracts to achieve results. Reach out to one of our agents today to discuss your real estate needs.
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