Fear of losing all your money.

For what it's worth, the house was not purchased as a investment property-we lived there for a number of years, needed to move and couldn't sell without losing a lot of money so we've been renting it out. 

Hello all,I am a Canadian Real estate investor and I have some experience at raising money for ventures in here in Ottawa but also for projects in Philadelphia. 

Stanley,Myself, I would not consider this applicant, they are "judgement proof", they have nothing to lose, but you have everything to lose!

We ventured outside of the city were there were a lot of vacant homes (multifamily potential). 

Which I think is the perfect deal to start my venture in Real Estate.My plan is to introduce seller financing to him so I can get a low down payment as well as a low monthly payment.

I won't lose sleep over that but making a bad deal I would lose a lot of sleep. 

Their only risk is losing their cash when markets drop.

Im already paying someone elses money and losing opportunity so why not take a risk at being in the winning side of things?

So he has to pad the difference or lose deposit.I suggest you take it off the market possibly use an agent who is well versed to get your property sold quickly.