Note buyer. Calling all note buyers...

I have two notes for sale and I cannot get any note buyer to call me back.

One of the notes is my grandma's. The current remaining balance on it is $2,019.

The other note is one I found on the internet and the current balance on this one is $17 million.

I would like to sell my grandma's note and broker out the sale of the big one.

Why won't anyone call me back on these two notes? What's the deal?

A: The size of the note is another important factor in pricing your real estate note.

There are big notes, small notes and average notes.

The industry average note balance is $53,000.

Once the balance on a seller financed note gets below $10,000, most note buyers will not be interested because the balance is just too low.

Any note over $1,000,000 is usually just too big for any note buyer to take on.

Obviously, there is exceptions to every rule. But, you will have a tough time finding any note buyer that will be able to buy a note that big.

Regardless of the size of the note you are trying to sell, common manners tell me that you should at least get a phone call back. Thanks for your question.

Got a note you are looking to sell? Want a quote? Curious how I would price your real estate note? Simply give me a call: (206) 438-8399