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Updated over 3 years ago on . Most recent reply
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How can I beat out cash buyers over listing price?
Hi All,
I am currently sending in offers for my first house hack. A condo in my area came up at a great price and location. Listing agent said there are cash buyers with offers well over list price. I am a preapproved buyer with no contingencies, can close ASAP. I want to know how influential of a factor that is for sellers and if there is anything else I can provide to compete with cash buyers that might be in at a higher price point than me. Any recommendations are very much welcome. Showing and offer deadline is tonight!
Thank you!
Most Popular Reply
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Only way to beat them is to offer over them or appeal to the agent/seller more. Most people love cash over financing. I'd have your agent get a feel of the activity and build a rapport. Send a sappy letter. Have your lender call them. If you are waiving all contingencies that'll help. It is pretty hard to beat cash no contingencies so sometimes it'll take you many offer before it sticks. Don't give up
- Caleb Brown