We hear this question a couple of times a year. The answer is always no if you do not ask, so ask.
As listing agents for a home in an extremely popular Tallahassee neighborhood, had cash buyers approach us and offer the seller $10,000 more than the current offer. They didn’t even know the current offer amount. These professors had cash and were willing to waive the appraisal contingency and give the contracted buyers $5,000 to terminate their contract and find another home.
The sellers were willing, but the buyers did not want to terminate even though they were still in their contingency period and would not have lost their earnest money deposit. In theory, it would have worked, but it does not happen often.