Real Estate Notes » How much to sell your real estate note for http://zkl-cpa.com Sun, 30 May 2010 07:17:22 +0000 http://wordpress.org/?v=2.9 en hourly 1 How much to sell your real estate note for http://zkl-cpa.com/realestatenotes/how-much-to-sell-your-real-estate-note-for/ http://zkl-cpa.com/realestatenotes/how-much-to-sell-your-real-estate-note-for/#comments Sat, 12 Dec 2009 19:29:41 +0000 Sarah Bolopski http://zkl-cpa.com/?p=40 You can sell the entire contract, or just a certain number of payments if you want. This is called “bait and switch,” and it isn’t ethical. You know you won’t get the full face value for your note, but will there be other fees you have to pay too? How do you know if the buyer is reputable? What is a normal discount on a note? Here are some guidelines to follow: 1. You’ll need to provide information like the type of property, sale price, payment amounts, current balance, etc. Rich Dad Real Estate Seminar “Seasoned” notes sell for more too. No other fees, with a couple exceptions. The buyer has already figured his expenses before making the offer, so there are only a couple fees you should have to possibly pay. Selling real estate notes can be an intimidating process. Buy Real Estate Notes Some note buyers will buy new or “unseasoned” notes, but if you can wait until six payments have been made, you’re likely to get a much better price. I’ll let them explain why.

The first and second place notes can’t add up to much more than 70% of the value of the property, or you’ll be looking at a steep discount Discounts, by the way, will almost always seem steep.People sell real estate notes to raise cash quickly. How To Make Money With Real Estate It could be a mortgage note, or a land-contract or contract-for-sale. Processing time varies, so ask. Ask questions about anything that isn’t clear. No upfront fees. How To Make Money With Real Estate 4. 5. You can sell second mortgage notes, and other second-place real estate notes as well. 2.

Rich Dad 3. If there is no recent appraisal, they will usually arrange for that. Higher interest rates and shorter loan periods will get you more money too. The note buyer should check the credit of your property buyer upfront. Sell Real Estate Notes If they ask, go someplace else. Be sure that the note buyer gives you a written purchase agreement with the purchase price and contingencies. Get Top Dollar When You Sell Real Estate Notes Notes with a balloon payment get a higher price. Note buyers will look at these differently though. Rich Dad Poor Dad The point is that the buyer is making payments to you, and you want to cash in. Second, if the property appraises at less than the sales price, you may have to pay for the title policy, if there are problems with the title that prevent purchase.

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