We get asked questions on the phone quite often, asking about the benefits of selling the note vs. keeping the Note. Here are several benefits of selling your note now, as opposed to holding it for 20 years (example):
1. Immediate access to CASH: By selling your seller-financed mortgage not now, you can receive a lump sum of cash up front, rather than waiting for payments over time. This can be especially beneficial if you have an immediate need for cash, such as paying off debt or funding a large purchase.
2. Reduced risk: Holding onto a seller-financed mortgage note for 20 years carries a significant amount of risk. The borrower may default on the loan, the property may decrease in value, or economic conditions may change, making it difficult for the borrower to make payments. By selling your mortgage note, you transfer these risks to the Investor, reducing your exposure to potential financial losses.
3. Flexibility: Selling your seller-financed mortgage note can give you greater flexibility in your financial planning. You can use the cash from the sale to invest in other opportunities, pay off debt, or fund other expenses.
4. Streamlined paperwork: Holding onto a seller-financed mortgage note requires you to manage the payments, maintain records, and deal with any legal issues that may arise. By selling your mortgage note, you can avoid the paperwork and administrative burden that comes with holding onto a mortgage note for an extended period.
5.Potentially higher return on investment: By selling your seller-financed mortgage note now, you may be able to receive a higher return on your investment than you would by holding onto it for 20 years. This is because the value of the note can change over time, and selling it now can lock in a higher sale price than waiting for payments over time.
Overall, selling your seller-financed mortgage note now can provide you with immediate access to cash, reduce your risk, provide flexibility in your financial planning, streamline paperwork, and potentially provide a higher return on your investment.
We would like the opportunity to review your Note and give you an Offer, with NO obligation on your part. If you are interested, just click on the "Note submission form" on our website, or give us a call at 580-677-0480. We will take the information down over the phone. Also, we have a free guide, "I've decided to sell my Note. Now what?" available for you. FREE! Just click the button below, tell us where to send it, and we will email you the free guide!