Primary Residence/Investor Property
When looking at property on the MLS, is there a way to tell if the owner will sell to a private individual or to only an investor? I recently made an offer on a government owned home and was told they turned down my offer because I was only putting 20% down. And that they only wanted to sell to an investor. So basically, I wasted about a week . There were multiple offers on the property in question, I can only assume that all offers were refused, because the property is still on the market.
Lisa, it's a rare situation where a seller will dictate the need for more than a 20% down payment. Usually this situation only pops up with foreclosures. This probably will not come up when making other offers. What did your realtor say?
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