What You Need to Know Before Accepting a Cash Offer on Your Vacant Probate Property

While a cash offer may seem like a quick and easy solution for selling your vacant probate property, there are several factors to consider before accepting:

1. **Fair market value**: Compare the cash offer to recent sales of similar properties in your area to ensure that the offer is fair. Cash buyers often purchase properties “as is” and may offer a lower price to account for potential repairs or upgrades.
2. **Proof of funds**: Request proof of funds from the cash buyer to ensure that they have the financial means to complete the transaction.
3. **Contingencies**: Review the cash offer for any contingencies, such as the buyer’s ability to secure financing or complete a property inspection. These contingencies could delay the closing process or allow the buyer to back out of the deal.

By understanding these considerations, you can make an informed decision about whether a cash offer is the best choice for selling your vacant probate property.