How to make myself more attractive as a buyer?

pollydollydoodah

As others have said the other offer is not cash....So I'd stress to the vendor that you ARE cash! As the EA has probably said that to the vendor too.

I think in this situation, money talks. Offer more, say it's cash, say you're flexible on moving dates (if you are!) And generally be nice. Don't criticise the wall paper !!

WeAreGhosts

Quizzical_Squirrel wrote: »

You sure you really want to buy the biggest house on the street?
A smaller house on a better street is the usual advice.

It's not a mansion surrounded by 1 beds, or anything like that . It's just it happens to have the biggest end plot on the street, so they've extended and still have quite a decent sized garden. I've been searching for 18 months, so have seen lots, but nothing that's as cheap as this that still works.

MrJB wrote: »

Presumably you will need a mortgage? You may struggle to actually get a mortgage at the level you require if your offer is 20% over the asking price and potentially significantly over the market price.

No mortgage needed.

pollydollydoodah wrote: »

Don't criticise the wall paper !!

I shall love every inch of it, even the green shag-pile carpet in the bathroom

[Deleted User]

Definitely sound worth fluttering your eyelids for!

marksoton

High heels,hold ups and... Oh, wrong forum!

pathtofreedom

When I see cash buyer I think btl or developer, I am guessing that is not what you're planning. So maybe really play up how much you like the place, and how you see yourself living there for a long time. Just because if they like their neighbours, they might think the people that need even a tiny mortgage, are a better fit than risking a landlord even though you could be one with a mortgage or without. As if there isn't much between the offers you have to think what else might they be thinking about, and a good fit for their friends next door might be the difference even if your offer is slightly lower.

WeAreGhosts

pathtofreedom wrote: »

When I see cash buyer I think btl or developer, I am guessing that is not what you're planning.

Absolutely not, it'll be lived in as a family home. People can't seem to fathom someone having cash in the bank. I'm beginning to feel it's not worth saving and I should just get a mortgage to make myself seem 'normal'. Even the estate agents have a hard time believing me.

I'm still scarred by one property that I loved and the vendor went with someone local (I'm currently 1 hr away from where I'm trying to move to). I can understand why she did it, but I hope not everyone is ruled by their heart

always_sunny

WeAreGhosts wrote: »

I'm viewing a house at the weekend which has 8 other viewings booked in and an asking price offer on the table already. This is from someone in rented accommodation, who is a "cash buyer", but needs a small mortgage.

The agents have been a bit stroppy already and are pushing the plus points of this offer.

I'm totally chain free, cash buyer - the money's in the bank - but how can I make myself seem more attractive to the vendor?

I've had previous offers rejected simply because I wasn't the first offer - even if offering more!

Never been in such a competitive market before - any tips are appreciated.

p.s the viewing is being done by the vendor, not the agent.

I wouldn't take it too personally if I were you... pretty much most buyers, cash or not, feel the competition. I went to see a flat a while ago and the agent main agenda was to sell the flat and get a commission from their in-house mortgage. I suppose you'd not look attractive to them. I didn't either cause I wanted to use my existing broker.

Depending where you are, in SE it seems like it's a lottery. Most flats get lots of offers and the vendor picks one! Your main advantage is that you can offer more cause you're not dependant on any mortgage evaluation...

One of the flats I saw today was rank with pot, and I am sure even that one had few offers already when I walked in! No pressure though, I was baked by the time I walked out :A

Sedge123

I would agree with emphasising the fact that you want to make it your home. We specifically rejected a higher a btl cash offer as we were selling mid-terrace and really liked our neighbours who had had a bad experience with other btl neighbours.

Dan83

Make it clear you are chain free and can start the ball rolling ASAP, no need to wait and sell another property or the chain collapsing because someone somewhere has pulled out.

Debtslayer

WeAreGhosts wrote: »

Absolutely not, it'll be lived in as a family home. People can't seem to fathom someone having cash in the bank. I'm beginning to feel it's not worth saving and I should just get a mortgage to make myself seem 'normal'. Even the estate agents have a hard time believing me.

I'm still scarred by one property that I loved and the vendor went with someone local (I'm currently 1 hr away from where I'm trying to move to). I can understand why she did it, but I hope not everyone is ruled by their heart

Unfortunately most cash buyers are landlords : property developers and a seller may prefer to sell to a FTB that is currently renting. It's nothing against you, it's seller being nice as they see it and helping someone onto the property ladder. (They're not being stroppy)
So you will have to emphasise the fact that although you are a cash buyer you are definitely buying it as you own home. Has the seller found their new property? Emphasise that you would be willing to push the purchase through as quickly as possible (as there's no waiting around for mortgage offers)