Cash offers are king. They dominate because there are less risks associated with the transaction. A lender doesn’t need to fund which shortens contract times. But how can financed offers compete?

Financed offers can remove some contingencies to make their offer more attractive. This can only be some under the serious counsel of a Realtor who can make judgment calls about how to make a financed offer more attractive without endangering the buyer.

Removing contingencies help sellers pick buyers who are more serious than other buyers. Out of 10 offers, all the buyers could be serious, but some may place higher bids, short closing times, and reducing contingencies that make their deposit not refundable under certain circumstances. Naturally, the seller wants to pick the offer that benefits them the most.

The next time you get discouraged by the belief that you are competing against cash offers, know that not all is lost.