Why Sell Your Real Estate Note?
Selling a real estate note provides an opportunity to convert future payment streams into a lump sum of cash. This can be useful for many reasons, such as:
- Immediate Access to Cash: Use funds from the sale for personal investments, paying down debt, retirement, or other pressing financial needs.
- Risk Transfer: When you sell your note, the buyer assumes the risk of default, property maintenance, and collection.
- Simplified Finances: By selling, you avoid the ongoing administrative tasks of managing monthly payments, property taxes, and insurance tracking.
Options for Selling a Real Estate Note
There are several ways to sell a real estate note depending on your financial needs:
- Full Sale: You sell the entire note, transferring all future payments to the buyer for a single cash payment.
Example: Jane, who holds a $100,000 note with a 5% interest rate and 15-year term, could receive an $88,000 cash offer for the full note, which allows her to access her equity immediately and exit the agreement entirely. - Partial Sale: You sell a portion of future payments rather than the entire note. This option allows you to retain a stake in the note while accessing immediate cash.
Example: Jane only needs $30,000 now and decides to sell 44 future payments to Liberty Note Investing. She receives the funds upfront, and once the agreed payments are made, the remaining payments return to her.
Steps to Sell Your Real Estate Note
- Submit Your Note Details: Fill out our online form with essential details such as the property type, note terms, payment history, and borrower information.
- Receive a Quote: Our team will review your note and send you a competitive cash offer.
- Document Submission: After accepting the offer, submit necessary documents, including the note, deed of trust, payment history, and any other requested items.
- Due Diligence: Liberty Note Investing will conduct an appraisal, confirm the title, and verify note terms to finalize the transaction.
- Receive Your Funds: Once the due diligence is complete, we wire the funds directly to your account. The entire process usually takes 4-5 weeks.
Is Now the Right Time to Sell?
Selling a real estate note can be beneficial when you prefer a lump sum over periodic payments or when you have a specific financial goal in mind. Additionally, factors like economic conditions, interest rates, and changes in the real estate market can influence your decision and impact the offer amount.
Why Choose Liberty Note Investing?
Liberty Note Investing is dedicated to providing fair, transparent transactions for note holders across the country. Our team handles the entire process, from document review to appraisal, to ensure you have a smooth and efficient experience.