Pay attention to conversations where you uncover someone is a contractor or works in a specialized trade.

Pay attention to conversations where you uncover someone is a contractor or works in a specialized trade.

I used an auto generator to uncover the lead.

I found a sonic drive in with an 8% cap rate thats NNN.

Pay attention to conversations where you uncover someone is a contractor or works in a specialized trade.

You are so nice.

This is fair in that if something is uncovered that makes the deal go south (crumbling foundation, infestation with aliens, etc.) then I shouldn't have to execute the contract. 

The listing said it still needed some final repairs for a hands on investor so I aimed on the higher side especially not knowing the condition of the cottage or what may be uncovered during an inspection. 

If that's the case, then he might believe there is a high probability that you will be scared away from the property by a certain type of issue (and rightly so), even though he or she is unwilling to communicate those explicitly in the listing.Bottom line - I think you follow up regularly and try to get a good idea for why the seller is averse to you using traditional or FHA financing - perhaps with a starting guess that there are some skeletons that are likely to be uncovered in inspection and due diligence.I'd strongly suggest that you do not turn to another source of financing to close the deal on this first purchase.

Start negotiating lower so you have room to negotiate with the seller.Sometimes there will be details that get uncovered that you couldn't anticipate until you completed the proper inspections.