What is my note worth? How do you value a real estate note? Note quote 13 factors.

The price I can pay for your real estate note is determined by 13 factors.

1. What type of property did you sell?

2. When did you sell it?

3. What was the selling price of the real estate?

4. What was the down payment you received?

5. What city, state is the property located in?

6. How long did you own the property prior to selling it?

7. What is the current balance on the note you are selling?

8 . What is the interest rate?

9. What is the payment amount on your note?

10. Is there a maturity date or balloon payment date on the note?

11. Describe the payment history.

12 . Are the taxes and insurance on the property current?

13. Is the note payor’s credit good, bad or ugly?

If you want a real quote or value on what your real estate mortgage note is worth, be sure you have the information regarding these 13 questions.