Cash buying question

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I have a question that probably sounds silly!

I am not expecting to receive money from my ex partner by the end of April as he is buying me out of our home, this will be enough to buy another property in cash.

My question is can I make a cash offer on a property now, expecting to receive the money by the end of April? Or does it have to be in my bank? I do have a solicitors letting detailing the amount I will get which I’d be happy to show.

Thank you

You can make an offer now
Estate Agents don’t have the right to see your bank statements
Solicitors will check funds for fraud etc nearer completion

You can make your offer now. If there happens to be more than one cash offer they may ask to see proof of funds in order to accept the offer with funds ready to go.

I would wait until after it arrives for two reasons. Firstly most sellers with a brain will ask for proof of funds at the point of you making a "cash" offer. You don't legally have to provide this. However if your making an offer based on cash, but then don't to prove you have it, your offer may be unsuccessful. Secondly early summer looks like being a good time to get a discount as a cash buyer. Properties are not selling well and if your smart you identify which sellers really need to sell - you will be in a strong negotiating position to offer under ;)

I would wait until I actually have the cash and can show proof.

Very few sellers of cash only properties would be accepting and proceeding with an offer without proof of funds.

They will ask for proof of funds before accepting your offer, but you could try with a letter that says when you will receive the cash, and how much. There is no hard rule how you prove your funds.

You’re not a cash buyer though. You’re buying without a mortgage which is dependent on the sale of your current home. So until you have the money in the bank you’re not a cash buyer.

Just describe your situation and let the vendor decide how they rate your status.

I'd wait until end of April. The peak sales period will have passed and the remaining vendors will be more inclined to accept hard offers.

They may well ask for proof of funds. So many people claim to be cash buyer then turns out they aren’t. I was a couple days from exchanging on my property which when completed would make me a cash buyer. I was turned down as another buyer who offered less but they had the money in the bank.
I would may accept an offer from a ‘cash’ buyer unless I had proof, though a letter from a solicitor backing up the claims the money was on its way may suffice.

⁷ were cash buyers due to drawdown on private pension and had to provide the paperwork that the money would be there at a certain date for our offer to be accepted

It’s not a silly question.

I would explain the situation to the EA when you make the offer, they will tell the owners so everyone is in the loop.

As a seller I would like to know if you getting this money is certain or not.