Are you an entrepreneur that has recently sold your business? Well congratulations. You may have to take a promissory note back as a way of partial payment. Because of this, you probably didn’t take out the amount of cash you wanted. Now what do you do with your seller financed notes? What about that vacation home that requires you to have a down payment? The down payment you have is locked in a promissory note. There are many more options than you may not know of that can help you.

The first option is the assistance of a company or a business that is in the market to buy your seller financed notes. In return, the company may offer you a cash settlement. Now you can get that dream home you have wanted for a while. Preparing a promissory note to sell should start before you sell your business. Things that make your note important and valuable to you will also make it valuable to someone looking to purchase it. Here are a few things to help increase the value to help sell it.

Amortization

Does your note pay principal monthly? The more principal that is paid monthly the more value your note will have.

Timing

Does your note have a short pay off of at least 3 years? Will the holder need to wait 10 years? Having a shorter time frame gives more value to your note as well.

Downpayment

Did the business provide cash for your note? If so, how much cash was provided? Bigger down payments mean higher value for cash-out as the buyer has a lower risk.

Interest Rate

Is the interest rate a fair return? If it has a commercial rate of 7.75% or higher this can help preserve the value as well.

These are just a few of the many methods that can help increase the value. If you keep these factors in mind you can get the most money possible for your note.

James Keith Falcon is a writer and researcher on seller financed notes. Save time and money by getting a FREE quote and reading about the options that are open to you at James’ website: sellmymortgagenote.net