There's got to be a reason why a ready cash buyer has not been successful in buying. When you say the properties are overpriced, are you using the comparable closed sales to judge their asking price?
You need just two things:
#1-- A fresh search that is focused on sellers who have priced their properties correctly, showing they are motivated.
#2 -- Then, you need to make your offer in keeping with fair market value. Your offer will be appealing, with the advantage that the sellers will not have to wait several weeks for a buyer's mortgage approval, and there is value in that, but keep in mind that it does not overcome a very low offer.
If you do this and have a great agent to advise you and negotiate your offer, you'll be packing for your new waterview place.
I lived right on the ocean in Long Branch for many years, I'd love to guide you to an advantageous purchase.
Carol Nannini, GRI
Real Estate Sales Professional
105 E. River Road
Rumson, NJ 07760
Look for my monthly add in The Link Newspaper.
Heritage House Sotheby's Int'l Realty