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What would you do?

Our house went on the market yesterday and we received several offers today.

  1. Cash offer for $7k over asking price with no appraisal.

  2. VA loan for $20k over asking price. Not sure how they would cover appraisal gap.

  3. Conventional for $5k over asking with a 15k over asking escalation clause.

Cash offer is firm, they won’t go higher.

I’m a bit worried about the VA offer due to stories I’ve read here about more rigorous inspections. Our house was built in 2007 and is in good shape, but the AC is original but still works great, however I’m not sure what would be uncovered if it was inspected closely.

Cash offer is appealing, but is it worth $13k to not have to deal with an appraisal? I’m pretty sure my home will appraise for asking price, buy anything higher is uncertain.

Thanks in advance for comments and opinions/suggestions.

submitted by /u/monsterlab
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source https://www.reddit.com/r/RealEstate/comments/npmxs1/what_would_you_do/
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