Seller Financing Article on BiggerPockets.com
My new article on seller financing here on BP: http://www.biggerpockets.com/articles/1247-big-advantages-of-seller-financing-in-today-s-real-estate-market-
It pays to do a little investigating on the subject of seller financing before just jumping right in. Your decisions can make or break the value of the note you create and it is important to understand that your note is an asset that can be sold for a lump sum of cash. Note holders may choose to sell for anumber of reasons. The point is there are a number of steps you should take before offering to take back seller financing. If you or your clients would like to get a free, no obligation quote to sell your real estate note visit: http://www.CreativeFundingService.com today.
Comments (2)
Thanks George. The one common thread I have found among note sellers is that you will never buy or broker a note from/for them if they are not motivated to sell the note for some reason. I suggest finding out the reason so that you can offer solutions!!! Make a friend out of the note seller and always ask, "why do you want to sell?" and " what are you going to use the money for?"
Marc Faulkner, over 14 years ago
Marc, Very well said indeed. There is always numerous reasons as to why someone would sell a note and offer seller financing, and you are correct, if not done correctly, can make or break the value. Take care.
Account Closed, over 14 years ago