The real question is if you don't sell now, what is your plan B? Once this buyer goes away are you ok with staying in the home until the market improves? If you don't have to move and can wait it out, it's no problem. If you have a reason to move and money is the only obstacle......don't let your emotions cloud your gut instincts. In a tough real estate market and the offer is that close, you should really consider moving forward and moving on with your future plans. Don't get tangled up in what the home used to be worth.
Best of luck to you. Your situation is tough. I'm sure you'll make the right decision.
As my grandfather used to say....."Don't ever fall in love with something that can't love you back...."
Chris Schilling, ABR, CRS, GRI, GREEN
Best of Luck,
Ps. If you go with the cash offer, you can also ask them to pay the transfer tax, which would alleviate some of the cost involved in selling a property.
Also call all previously interested parties who looked at your home and tell them you have an all-cash in hand. See if you can drum up some competition.
Brest of luck,
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.