Real Estate Math
A Kentucky seller receives offers from two buyers. Buyer A offers $295,000 all cash. Buyer B offers $305,000 with a 5% down payment and a 30-year conventional loan. Assuming both close successfully, which offer results in a higher gross sale price for the seller?
ABuyer A because cash is more certain
BBuyer B because the gross sale price is higher✓ Correct
CThey are equivalent in all respects
DBuyer A because there are no financing contingencies
Explanation
Gross sale price is simply the price in the offer. Buyer B's $305,000 offers a higher gross sale price.
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