How to attain a fair price of cash flow note from today’s real estate markets. These 3 simple ways are used by the brokers and sellers to have a fix price before they sell notes.

Can property owners sell their property with the help of seller carry-back?

Will buyer pays the seller?

Can investors sell a note in behalf of the seller?

In these given situations many wonder how exact the value of owner-finance note is. Investors today pay in bundles of cash for the future payments of mortgage, deed of trust, land contract and notes.

This is one of the most valuable assets of the holders. Appraisal on the property value once a year will be sold by the seller even they don’t want to.

These 3 ways will be the evaluation.

Step 1 – Collecting of Documents

These are the important documents for the evaluation process:

• Settlement Statement
• Mortgage (Deed of Trust, Real Estate Contract etc)
• Promissory Note; and
• Payment Record

Be sure to keep these copies in a secured location. Investors demand other documents and the originals at closing from the seller.

Step 2 – Completion of Quote Request Worksheet (Mortgage Submission Worksheet)

This is a one page form of document. These are where you can see the summary of transactions in details like repayment terms, current balance, property type and buyer.

To download this for free go to www.northstarinvestmentgroup.com/get-a-quote/

Step 3 – Source of Funds will be Submitted

Submitting the documents and worksheet to the investors will now put price on your property. This can also be submitted thru online, fax and emails.

These are good for 30 days. This will be subjected due to diligence; it contains insurance, other underwriting items, buyer’s credit, review of title and appraisal. More facts provided for the investors will lessen the “subject to” items they will be needed during the evaluation.

If you have any questions please contact us at info@northstarinvestmentgroup.com.