Asked by M.christo, Sacramento, CA • Tue Jun 3, 2008
I understand that some funding sources are more desirable to sellers than others (e.g. VA and FHA have fairly strict standards about what kind of shape the home has to be in, or may require sellers to pay certain closing costs), but beyond that, why would the seller care if I am making a small down versus a large down? We could sell a bunch of stock to put 20% down (it's just in a regular brokerage account), but we've been approved for a conventional loan (non-gov't program) that only requires 3% down, which would be move convenient for us for a variety of reasons. On the other hand, I keep reading that sellers prefer a large down payment. If they get their money in the end, why would they care?
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