Help Choosing between Two Offers

[Bruce L.]

Hi!

I Need some advice, I'm selling in SFR here in Las Vegas. It's listed for $150K, and I think it may appraise at $155K. I'm having a hard time choosing between these two offers.

1) Cash at $159K
2) 50% down Conventional Loan at $165K.

Which one would you take? If it doesn't appraise, couldn't the buyer just pay the difference or get a 60% loan instead of 50%?

Thanks.

[Joel Owens]

I take a different view.

Cash is great. Who's cash is it and who controls it?? Is this a one person entity with proof of funds or a corp or group of people etc.??

If the cash offer has a bunch of outs in the contract then they can just back out and you the seller get nothing. Whereas say the financed offer put up non-refundable earnest money that was sizeable. If the cash offer wouldn't do that then I may go the finance route.

If the market is hot and going up and the finance offer tanks in 30 days or whatever my property value has most likely gone up more to sell again and I am keeping the non-refundable earnest money.

If the offer is all cash with a POF statement for cash that is liquid and they control and they are putting up non-refundable for any reason right away that I hold then the cash one looks best.