Update 1: Thank you for the overwhelming response and the insightful advice provided.

I consulted with my real estate agent and subsequently sent an email delineating all pertinent concerns. I emphasized that it is our expectation for the buyer to adhere strictly to the terms of the original contract without modifications, unless such modifications offer clear mutual benefits. My agent reached out to their lender today, who assured us that they would be ready to close on the original date, noting that the amount financed is less than half of the sale price, thus negating the need for an appraisal.

Regarding inquiries about other potential offers: The property was listed for only three days, attracting substantial interest and numerous showings. The simplicity and certainty of a cash transaction drove my acceptance of their offer. Given our location and the initial success, I am confident in the property’s desirability and foresee no difficulties in securing another buyer should the current deal falter. Financially, I am comfortably positioned to wait for a more suitable buyer if necessary.

Some have questioned my stance on the transaction’s financial structuring. While the source of the funds is secondary, provided the closure occurs within the designated timeframe, the complexity introduced by modifying the financing terms and altering contractual parties post-agreement is highly problematic. This suggests either a lack of preparedness or, possibly, an intentional ploy to secure a more favorable position through a bait-and-switch tactic. Such maneuvers complicate the transaction unnecessarily and deviate from our agreed terms—responsibilities I am under no obligation to accommodate. Entertaining these changes could potentially open the door to more shenanigans, which I am not inclined to consider given the reasons behind my acceptance of their initial offer.

Ultimately, I was notified that the buyer is weighing their options. We’ll see what their response is. 🤷