Just listed my lower-priced single-family home and I have two offers already. One is a somewhat lowball quick close offer, the other is an FHA buyer who offered 10K more. Home definitely needs some updates but everything works, and is being offered as-as. The home should pass FHA requirements and my realtor is highly experienced with all types of sales. I’m leaning toward going with the FHA buyer just because I assumed that they are a first timer trying to get into the market but what, if any, pitfalls should I watch out for here?
I own the home free and clear so I don’t really need to squeeze every last dollar out of it. I really just want a smooth sale! Of course, I’m asking my realtor these questions too. Just looking for a few opinions from the trenches!
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source https://www.reddit.com/r/RealEstate/comments/ybjbo6/lowballish_cash_offer_vs_fha_buyer/
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