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seller financing mistakes

Avoid Three Seller Financing Mistakes

July 18, 2014 By Fenway Capital

Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference in usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. Mistake #1 – Failing to Check Credit The payer’s credit report lets you know how timely they have paid bills in the past. This is a good indicator of how they will pay on a seller-financed note. It also has a huge impact on how much an investor is willing to offer, should the seller ever decide to sell the note payments. Sadly, many sellers never check credit when … [Read more...] about Avoid Three Seller Financing Mistakes

Filed Under: Seller Financing Tips Tagged With: owner financing, seller financing, seller financing mistakes, seller financing tips

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