Legal Question in Real Estate Law in Florida

How does a $48,500 cash offer on a houes beat a $60,000 conventional loan offer?


Asked on 5/08/11, 12:24 pm

1 Answer from Attorneys
William Gwaltney William W. Gwaltney, Attorneys at Law

possibly because the cash offer can close quickly and the seller would rather not wait. The seller is the master of the contract and they do not have to accept the highest offer. There are many delays with loans these days and some sellers may not want to take the risk of losing the sale because a buyer ends up having trouble closing or can't close at all.

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Answered on 5/09/11, 6:10 pm


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