Tips On Selling Real Estate Note

If you are thinking about selling real estate note, there are a few tips that you should follow in order to protect yourself in the future.

The first thing to do is to get a large down payment. Make sure you request at least ten percent of the homes value. If you are selling commercial property, make sure you have at least twenty percent.

Another thing to look at is the credit of the buyer. Make sure the buyer has good credit. You want to make sure their credit score is at least 650. If you sell to a buyer below 600 you may have to take a big discount.

You also want to make sure that the interest rate is equal to or larger then the bank rates. Also, make sure that the length of the note is short and not worth more than thirty years. It ideal to keep it in the ten year range.

Other things you want to look at when selling a note is the ownership of the property. It is best if the property is occupied by the owner. You also want to make sure there is access to water, power, and roads if you are selling land.

The location is also something that needs to be looked at. These are just a few things that will help you sell your note and keep you in the positive in the future. If you have further questions on selling real estate notes make sure you do your homework before making any decisions. More info: sell real estate note

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