Will Listing Hurt My Rehab?

[Ibrahim Hughes]

Just purchased a short sale for the first time. I usually buy direct from distressed owners (last 11 years).

We closed earlier today and I noticed that the listing agent put down "conventional" for my financing on the 'SOLD' listing when I actually used cash.

My concern is that because I got it at a discount and the financing used is listed as "conventional" (which typically denotes that a non-FHA mortgage was used to purchase. Only 3 choices are "conventional", "fha", and "cash"). instead of cash (I used a private investor/equity partner but no financing contingency was involved) it may hurt the comps of the neighborhood. I think it looks better that it was a short sale which I picked up as cash, thus the low purchase price was justified and will make sense to an appraiser months down the line.

Your thoughts?