Monday
Jun112012

How to sell your note for a fair price. 

There are times when 1st Trust Deed investors need to liquidate one or more notes in their portfolio. Use the below as a guide to getting a fair price for your quote.

Note sellers wanting a lump sum of cash have more than one option in most cases. Professional note funders are trained to find the best overall solution (often a partial sale to give the seller more money overall compared to a full purchase, for example). 

Do you want the very best experience when getting a quote for fair market offers on your seller or owner financed note?

If so, make sure to ask these questions to the note buyer BEFORE you sign any paperwork. 

  1.  How many notes has the company funded? (More if preferred)
  2. How many years has the company been in business? (More is preferred)
  3. Do they have letters of referral or recommendation? (They should)
  4. Will they give partial purchase options in addition to a Full? If not, move on. 

Just like choosing a medical professional, potential sellers of notes need to screen note buyers and the questions above are a good place to begin. 

Expert note buyers are like "experts" in any other field- Experienced, courteous, fast and professionally focused on one person, YOU!

 

 

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