If you have owner financed a home for someone and hold a real estate note, then you certainly thought ahead as to the number of years and whether the interest rate was worth tying up the money. You’re making a nice little sum, but part of you wishes you could just cash out right?
There are plenty of companies that want to buy that real estate note from you. If you chose to owner finance to sell quickly, then this is your out. Perhaps the person you financed can’t get a traditional loan, and that is why you financed the property. After a person has shown they can pay on time for approximately a year, the companies perceive the person to be low risk.
Thinking of things this way, it’s quite simple selling your note to a note broker. Don’t you want to put in that hot tub, go on a special vacation or simply put the money into alternative investments?
Companies that buy real estate notes don’t want you to have to go through any hassles when completing the sale. They will make sure that everything goes smoothly so that you get what you’re looking for out of the deal.