Real Estate and Note Buyers recently shared their industry expertise in an article, with the aim of helping interested parties to ease the process of selling a promissory note. The company hopes to help the community find a way to get the best offers for their notes in case of emergencies that demand an economic expense.
Simon White, a representative of the organization, states, “We understand how hard it is to make a decision like selling a note, though there are some situations that demand it. This can be one of the most important financial decisions you make, and a very confusing process for someone who isn’t knowledgeable on the topic. On top of that, you will be pressed on by the urgency of things, which could end up leading you to make a decision that you could regret later on. We are committed to providing you with the best possible service, and handling every note transaction as if it were our own. We will make sure you get the best possible deal, while protecting you and your assets through these difficult times.”
The local investors explain that while trying to sell a promissory (or mortgage) note, there are a few important aspects to consider in advance. First and foremost, one should look for a reliable buyer with strong financial backing and a flexible note buying program. This will give them the best chance to find a suitable deal according to their unique situation. The firm asserts that they are capable of performing this task themselves with distinction, as their focus is alwasy to serve their client’s needs to the best of their ability. “We are a well-known company, and our customers can rely on us to get a distinguished, reliable service, as we will always look after their best interests,” says White.
This commitment, and the ability to offer attractive benefits over their competitors, has earned the company recognition as one of the best firms in the area. Some of the possible benefits of selling a promissory note to a trusted specialist include quick deal closings and no additional expenses to the seller, which makes it more convenient, and simpler, in the event of an emergency. Due to these services and more, the company often receives glowing reviews from their customers.
Recently, the company received an outstanding review by Joseph Clover, which states, “When I was in dire need of financial aid, Simon and his team went above and beyond in helping me get the best deal to sell my note. They thoroughly explained how they would calculate the note’s value, and took care of the whole paperwork process afterwards since I couldn’t find the time to do it. I can’t recommend them enough, as they managed to produce a fair business deal that fits my needs, where it felt like other investors were trying to take advantage of my situation.”
To further ease their client’s concerns, Real Estate and Note Buyers has outlined and explained the process that is used to determine a note’s value. According to the local specialists, the most important factor to consider is the underlying property value. The more equity a client holds in the property, the more a note will be worth. Through their website, they state, “On average, a holder that possesses less than 20% equity will be discounted more than a note with 20% or more equity.”
This is done so that investors obtain a certain yield over their purchased notes. Note investors expect a yield in the 9-15% range, thus one should consider this when searching for an investor to sell a note. However, there are some other factors that affect a note’s value, including the credit score of the note holder, the payment history on the promissory note, the seasoning of the note, and its protective equity. These are all topics that the organization addresses in their article, answering some of the most common concerns that their customers have.
For more information regarding Real Estate Note Buyers in Tennessee, one may contact Simon White, who will gladly answer any inquiries regarding the company’s services. One may also request a free, no obligation note evaluation, where an expert from the company will discuss the value that a given note possesses.