Answers by Rachel Smith

Daryl, congratulations on receiving two solid offers. If the cash buyer will close sooner than the buyer purchasing with a mortgage, being rid of the property quicker could be a consideration. As long as your property will appraise at $400K or higher, it could be worth the wait for the extra $15K.

From loan application until closing, allow at least 90 days, if your financial affairs are in order.

Consider whether you will you manage the property yourself, or hire a property manager. That consideration will determine your next steps.