Why Do Some Sellers Only Take Hard Money or Private Money?

[Garin Piehler]

Hi All,

I am a new investor looking for my first property. I have been trying to find some off-market properties to try to get the best deal I can. Although, I have run into an issue I do not quite understand yet. Some sellers will only accept hard money or private money purchases. Why is that? Don't they get their money no matter if it is a hard money purchase or financed through a bank?

FYI - The properties have been SFHs.

Thanks for your help.