How to Sell Real Estate Note

2007-03-22 16:46:53

( Financial )



A real estate note is also called a promissory note. This is an agreement between a real estate buyer and seller regarding the completion of payment for a certain real estate property. A copy of this document is basically given to both buyer and seller. The seller may opt to sell real estate note to real estate note buyers for the down payment price or for the remaining balance of the buyer of the property. The seller of the said note may take great advantage in selling the note if the real estate note was done properly.

Mortgage notes for sale may be sold for a lump sum depending on the process that seller underwent in creating the note. A note buyer will probably offer a price lower than the real value of the real estate note. However, as the seller you could still profit from the transaction if you consider the important factors in creating the mortgage note. To sell real estate note at a good price, you must have sufficient value in the note. Its value will primarily depend on the down payment for the property and some other minor factors.

To have a good appraisal for your real estate note, a good down payment should have been obtained for the property. The amount of down payment for real estate property differs for private houses and commercial properties. Commercial properties demand a higher down payment than a private property. However down payments not lower than the standard will get a good value to sell real estate note. Aside from the down payment other factors should be considered in pricing your real estate notes.

The value of your real estate note will also depend on factors like access to power, water and transportation. It also matters if the owner occupies the property. For commercial properties, the property should have all the advantage of a business establishment. Plus, the location must be environmentally safe. To sell real estate note at a reasonable deal you should have buyers appraise your note based on the feasible value of the property and not on the credit capability of the property buyer.


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