How To Sell Your Real Estate Note In Sacramento, California

You’ve finally done it! You’ve completed the sale of your property and are ready to move on to the next phase in your life. But what do you do with the real estate note? If you’re not familiar with the term, a real estate note is basically a loan that is secured by a mortgage or deed of trust on a property. If you’re looking to sell your real estate note in Sacramento, California, here are a few things you need to know.

The first thing you need to know about selling your real estate note is that there are two main types: performing and non-performing. As the name implies, a performing note is one where the borrower is current on their payments. A non-performing note, on the other hand, is one where the borrower has fallen behind on their payments. Obviously, performing notes are going to be more attractive to potential buyers than non-performing ones.

1. Find a reputable real estate note buyer. This step is crucial because you want to make sure that you are working with a company that is trustworthy and will give you a fair price for your real estate note. Do some research online and read reviews from other people who have sold their real estate notes in Sacramento, California.

2. Get an appraisal for your property. This step is important so that you have an accurate estimate of what your property is worth. This will also help you determine how much money you will be able to receive from selling your real estate note.

3. Negotiate the sale price of your real estate note. Once you have found a reputable buyer and have gotten an accurate appraisal, it is time to negotiate the sale price of your real estate note. Make sure that you are getting a fair price for your property and that the buyer is willing to pay the amount that you are asking for.

4. Sign the contract and receive your payment. The last step is to sign the contract and receive your lump sum payment for the sale of your real estate note. Once the contract is signed, the transaction is complete and you will have received payment for your property. 

Selling your real estate note in Sacramento, California can be a great way to receive a lump sum of cash for your property. By following these steps, you can ensure that you are working with a reputable buyer and that you are getting a fair price for your real estate note.