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Old 04-29-2015, 11:02 AM
 
1 posts, read 474 times
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Hi!

I have been interested in a particular property that has been on the market for what looks like at least 3 years. When I asked the realtor why he said that it was because the garage was worth more than the house so that impacted the financing for certain buyers.

My question is what kind of loan would a buyer have to get to purchase a property like this? It's a residential neighborhood, not on a main street, so I can't imagine that it could be viewed as a commercial property. The house is fine, not major issues. Needs some updating but otherwise is in good shape. It's a little confusing, hoping someone on here might be able to lend some insight.

Thanks!
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