Contracts
A Florida seller receives an all-cash offer with no contingencies. Compared to a financed offer at the same price, an all-cash offer generally benefits the seller because:
AThe seller can charge a higher price
BThe closing is typically faster and there is no risk of loan denial✓ Correct
CThe seller pays lower documentary stamp taxes
DThe seller avoids paying any commission
Explanation
All-cash offers benefit sellers primarily because: (1) no financing contingency means no risk of loan denial or appraisal issues, (2) closing can occur much faster (sometimes 1-2 weeks vs. 30-45 days), and (3) there is less paperwork and fewer conditions. Sellers often accept lower all-cash offers over higher financed offers due to certainty of closing.
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