All cash but not really

[Stone Teran]

I found a great deal but it got under contract while I was trying to negotiate.  No harm there.

The other buyer's initial attempts at financing fell through and so I came in with the same offer but much more solid terms (BIG earnest $ amt and no financing contingency) and so the seller dropped guy #1 after the due date was reached and signed my offer.

I have the money to buy it all cash, but I really don't want to.  Is it shady to make an offer with no financing contingency and then pursue financing?  I intend to share this fact but I don't know what reaction I'll get. 

[Chris Mason]

Best of both worlds: delayed financing. If you forum search "Delayed Financing Exception," you will see a boat load of discussions on the matter.