Because EVERYONE wants to sell their house fast.People who list on the MLS want to sell their house fast, people that want to sell their house FSBO, want to sell their house fast.

Empty rooms don’t sell well, and you want your listing to stand out.

I sell land to homebuilders and commercial developers in southern California. 

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

So a majority of the ownership groups would want to sell, plus since they are more sophisticated owners usually would sell through a broker to get max price and not sell privately.  

I guess the only way would be to sell the property and then put gains into a opp zone fund, but we are not accredited investors. 

When he sells he doesn't finance 100% of the purchase.

How do you approach an owner when asking them to sell their property?

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

If you decide to sell I would sell it vacant.