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There are a number of reasons sellers list properties for cash buyers only, but the most common reason is that they believe that lenders would not be willing to lend money secured against the property.
This typically means properties that are unmodernised, structurally unsound or otherwise significantly problematic. Beyond the property's physical condition, the property may be held on a short lease, or have some other covenent or legal restriction.
To find properties for cash buyers with PropertyData, first click the 'Cash buyers only' option in the Sourcing menu at the top of the site.
One approach we recommend is to search is with your home postcode, and enter the maximum distance you would travel to view or manage an investment property.
Keep one eye on the result counter, just below the input box, which will update to show the number of results found as you adjust the radius.
Another way of searching is to create a saved local area and then search for opportunities within that area.
Once you click 'Search', you will be presented with the results grid:
Using our de-duplication algorithm, each property should appear only once, even if it is listed with multiple agents or on more than one portal.
Clicking on an individual opportunity will show you our fact sheet with all the information we have for about that property.
Options at the top allow you to Filter the results, adjust the radius, sort the results, or view in different formats such as table or on a map.
You can also enable email alerts, so that you can be notified daily of new properties in this category.
In the top right you'll find two of the most advanced functions. The 'Intersect from list' button allows you to find properties which are on more than one of our lists.
'Exclude from list', on the other hand, allows you to eliminate properties from another list. If you prefer to avoid the auction format, you might want to look for Cash buyers only properties that are not on our Auction list, for example.