Things to consider about selling your note.

You get more for your note:

1. If the term is shorter. Longer notes (30 yr) are discounted more than shorter notes (15 or 20 yr notes).

2. If the note contains a balloon payment.

3. If the note has a higher interest rate.

4. If the buyer has a satisfactory credit rating.

5. If the buyer has greater than 20% equity.

6. If the property is a house occupied by the buyer.

Notes get discounted a bit more if any of the above items are different.

Land contracts have a higher discount than notes on improved property.

Mobile homes are discounted more than custom homes.

Notes on questionable buyer credit or questionable dwellings are usually quoted as partials.

Remember, you are under NO OBLIGATION after receiving a FREE QUOTE!