Offer template has the option of waive inspection and waive finance contingency. Cash offer is usually an additional clause. As long as buyer selects waive finance contingency, buyer can not back out because of financial reason. Otherwise seller can pocket the earnest deposit. But that is only a thousand or two, and there is still inspection contingency, this is a back door for buyer to get out. If the market turns, seller is back to sequare one, the losses will be a lot more than that. So you see from seller`s prospective, this offer is not very appealing. An appealing offer is waive inspection and waive finance contigency, and put down a substantial amount of deposit. This offer now is more attractive than a cash offer with less deposit and/or more contingency.
How to make an offer more appealing
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