2. Note buyers will look at these differently though. You can sell second mortgage notes, and other second-place real estate notes as well. Sell Real Estate Notes The buyer has already figured his expenses before making the offer, so there are only a couple fees you should have to possibly pay. He’ll just be making those payments to somebody else. Selling real estate notes can be an intimidating process. Ask questions about anything that isn’t clear.People sell real estate notes to raise cash quickly. Rich Dad Poor Dad Unscrupulous buyers can quote one price initially, and then lower it later, using the excuse of the property buyer’s bad credit score. It is common for note buyers to pay 20% to 30% less than the current balance on the note. If there is no recent appraisal, they will usually arrange for that. 6.

They should respond within a day or two. Rich Dad You should only pay exactly what these cost the note buyer though. No upfront fees. 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. The buyer of your property will have the same terms and payments. Suffice it to say, they need to make money on the deal, and you should be sure you have a good use for that cash before you sell those real estate notes. Making Money With Real Estate 3. Be sure that the note buyer gives you a written purchase agreement with the purchase price and contingencies. I’ll let them explain why. You can sell the entire contract, or just a certain number of payments if you want. Get Top Dollar When You Sell Real Estate Notes Notes with a balloon payment get a higher price. Real Estate Notes The point is that the buyer is making payments to you, and you want.