Can you make a cash offer on a house with a contingency?

Can you make a cash offer on a house with a contingency?

Member since 2018 · 5 posts · 0 votes

I have seen a number of houses in my area with contingencies on them.

Can I make a cash offer and ,if so, does that take precedence over a contingency?

Also, if so, can I propose a lower priced offer and how is that considered on a contingent house?

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  • Flipper/Rehabber · Rochester, NY · Member since 2014 · 1k+ posts · 1k+ votes
    7y

    @Christopher Fawls A cash offer precludes any financing contingency, which is pretty big, and attractive to sellers.  You can still have other contingencies.  An inspection contingency is the most common.

  • Member since 2018 · 5 posts · 0 votes
    7y

    @Larry T.

    Thanks. Can I come in with a lower offer than is currently proposed by the potential contingency buyer?

  • Flipper/Rehabber · Rochester, NY · Member since 2014 · 1k+ posts · 1k+ votes
    7y
    Originally posted by @Christopher Fawls:

    @Larry T.

    Thanks. Can I come in with a lower offer than is currently proposed by the potential contingency buyer?

    You can offer whatever you want.  It can’t hurt to make an offer. The worst they can do is say no. But if you really want the property you want to make the best, most competitive offer you can that still makes sense for you.

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