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Another bit of anecdata a mate chose a cash buyer who's money was all in a trust. It took forever and they were cunts.
I'd definitely 1. Clarify what "cash" means 2. Request proof.
hugo7-
Play the person not the wallet.
If a persons mortgage is all agreed then the money is about as quick to transfer ( quicker if, as above it's in a trust or abroad), do make sure any property in a chain is under offer and identify the full length of the chain and if all houses are sold.
Sell to the nice family wanting a home. Avoid the developer after an investment.
Grumpy_Git
Alright kiddos. Had a bit of a mare with our flat - flogged it a few weeks ago and the guy pulled out two weeks later, which has put us in a sticky situation with our purchase. Anyway it's on for the nonce, and we've relisted our flat, and got two offers.
One is £2k over the minimum we'd accept but it's a cash buyer. One is £10k over the minimum we'd accept but it's a mortgaged buyer.
I've never sold to a cash buyer before. Does it de-risk things or speed them up significantly? Bearing in mind this is a leasehold property so it'll be a long process either way.