Hello Everyone! Hope you're all doing well! I just began my journey as a REI and I wanted to get some insight on something I thought was a bit odd. Are sellers motivated by the buyer's down payment amount?

A really good friend of mine advised me to take the next step in the process and talk to a realtor in order to get some momentum with the process. "You have nothing to lose but so much to gain". So I did! I'm glad I did because it gave me more action items to address before moving on to the next step.

I spoke to a broker associate through realtor.com to get insight on investing on a duplex using an FHA loan. The broker told me that sellers usually go with the buyer who has a higher down payment if they are faced with multiple offers. She recommended me to put more money down in order to increase my chances on closing a good deal. To my understanding, the seller will still get their money regardless of how much a buyer puts down, right? I asked her but I felt like she was not able to give me a straight answer. Is there something I'm missing?

P.S The only reason why I went through realtor.com was to get over that hump and start taking steps in putting myself out there. I also feel like doing this will prevent me from having analysis paralysis :). I'm currently learning more about the FHA loan and getting my personal finances in order so I can start looking for an agent and lender in the Bay Area through the BP community.

Are sellers motivated by the buyer's down payment amount?

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