The note buyer should check the credit of your property buyer upfront. If they ask, go someplace else. The buyer of your property will have the same terms and payments. Buy Real Estate Notes . They should respond within a day or two. The first and second place cash real estate notes can’t add up to much more than 70% of the value of the property, or you’ll be looking at a steep discount Discounts, by the way, will almost always seem steep. Second, if the property appraises at less than the sales price, you may have to pay for the title policy, if there are problems with the title that prevent purchase. Usually, once you agree to the offer and send the documents (if done by mail), you can expect to receive a certified check or electronic transfer to your account within two to three weeks. Buy Real Estate Notes 2. Some note buyers will buy new or “unseasoned” notes, but if you can wait until six payments have been made, you’re likely to get a much better price. You can sell the entire contract, or just a certain number of payments if you want. No other fees, with a couple exceptions.

3. Making Money With Real Estate Processing time varies, so ask. It is common for note buyers to pay 20% to 30% less than the current balance on the note. Note buyers will look at these differently though. I’ll let them explain why. This is something to consider before you sell the house, if you think you might sell the note in the future. Rich Dad Real Estate Seminar This is called “bait and switch,” and it isn’t ethical. “Seasoned” notes sell for more too. Selling real estate notes can be an intimidating process. Get Top Dollar When You Sell Real Estate Notes Notes with a balloon payment get a higher price. Ask questions about anything that isn’t clear. How To Make Money With Real Estate You know you won’t get the full face value for your note, but will there be other fees you have to pay too? How do you know if the buyer is reputable? What is a normal discount on a note? Here are some guidelines to follow: 1.

The buyer has already figured his expenses.