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Can i win dream house against cash buyer despite being least proceedable

26 replies

redshoes22 · 31/08/2021 19:31

My family of four have been squeezed in to two upto down all lock down but now the baby is walking it's a nightmare. My dream house came up (no parking and massive do-oer upper but a room each, big garden, near school and within budget) and i got nod from mortgage provider and estate agent said mine would sell in no time so i stood a good chance. I was really excited because this house just felt right.

Today the estate agent told me that two other offers are being put to the family, one lower from a family who have an offer on their house, and one slightly lower cash offer and basically said game over because they have nursing home fees to pay. She suggested selling my house so i'm ahead next time, but i love this one and three bedroomed houses never come up here.

Any tips?

OP posts:
CheltenhamLady · 02/09/2021 15:16

The EA should ask to see proof of funds from the person saying they are a cash buyer.

Even then, if they have a house it is likely that even with cash in the bank (which may be difficult to liquidate on time) they will want to sell as well before they proceed.

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