As a Miami Seller, should you choose a Cash Buyer or Financed Buyer?

September 22, 2012

The ShowcaseMiami Team recently had 2 offers come in simultaneously for one of our Miami listings.

One offer was cash and the other specified mortgage financing.  Other than financing, the terms were quite similar.

Conventional wisdom dictates that, all else being equal, it is best to go with the cash offer if you are the Seller.  However, once under contract, it became apparent that the cash buyer was having cold feet.

 

Signs of Buyer Cold Feet…

#1 The cash buyer requested that the contract be contingent on appraisal (a day or two after there was an executed contract)

#2 The cash buyer requested a one-day extension of the inspection period.

The Seller granted these two cash buyer requests because cash deals are still more likely to close.

Two days later the cash buyer backed out of the deal.

Thankfully, our Sellers are now negotiating with the financed offer and we have just received another offer.

 

Conclusion…

If you are selling your Miami property, always hire a professional Miami realtor with experience negotiating on behalf of Sellers.

 

ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.

(Highest price in the Shortest period of time)

To discuss a strategy for your home, call…

Jason Smith

Broker

Miami Realtor

Miami Listing Agent

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115

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