Most sellers will likely reduce their asking price by $5,000 to $10,000 in exchange for a secure and fast closing, given the current high rate of contract cancellations.
"I think most of them will probably take five grand off their price, 10 grand off their price to know like, hey, I'm signing one contract. This thing's going to be done and paid for. I'm going to have my money in 3 weeks and that's it."