How to compete with cash buyer

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Viewed a property immediately after listing, offered significantly over guide price but still beat by a cash buyer. So frustrating now. To buy properties in good conditions and great locations you always compete with cash buyers but how can you beat them?

You need to be very proceedable.

under offer, very short chain, very interested and outbid them.

I’ve never understood the benefit of a cash buyer

is it just that they aren’t in a chain?

Absolutely, yes.

No Mortgage for a cash buyer and no chain.
Make sure they are actually cash buyers as my cash buyers suddenly needed a mortgage part way through and I was a cash buyer in a short chain and some people couldn’t get their heads round that, even when I said cash on completion of my sale.

And that there's no chance their mortgage will be declined or hit some sort of hiccup.

All of this. And by appearing straightforward and dependable: when I last sold, the difference between the offers from cash buyers and others was that the cash buyers both came in with an offer and just said “that’s as high as I’ll go” - and stuck to it. Several others who offered did a lot of dallying: offering, then coming back with another tiny increment when first offer was rejected, coming back with another tiny increment when that was rejected etc. I just suspected they’d reach the day before exchange and then start wanting to renegotiate all their upwards increments back down, so didn’t chance with them.

I'm a no chain cash buyer (with proof of cash) that offers over asking and struggled to buy for 2 years... being a cash buyer has not helped me at all.