We buy houses in Morrisville, North Carolina. Not only do we offer cash for houses in NC; we also buy real estate notes. You may now be wondering, “I want to sell my real estate note in Morrisville NC. Where do I start?” As homebuyers in NC, we bring you tips on doing so!
Holding a real estate note, private mortgage note, private promissory note, or other paper real estate asset in NC can sometimes be a challenging proposition. They don’t always offer the highest returns; you collect your cash over a period of time and can come with the hassle of chasing payments.
If you are trying to collect from a bad borrower or are facing the threat of foreclosure, you could actually collect less than you deserve.
Are you missing out on better opportunities because you’re holding real estate notes?
Although some people may choose the “wait and see… and hope” method of holding real estate notes, you may prefer to get rid of your real estate note now so that you can reclaim the capital and use it for a different investment or use the money for something that came up that you need liquid cash for.
Getting rid of your NC real estate note is sometimes your best option because it lets you do more with your money.
For example, you can sell all or part of your private mortgage note or another asset and use the cash to reduce or eliminate your debt so that you no longer have to pay the debt service on it.
Or, you can reinvest the cash in another type of investment that has a higher yield. This is a particularly good idea if other potential investment options are doing well, such as the stock market, local Morrisville NC or North Carolina real estate, or municipal bonds.
You can even sell off all or part of your real estate note in order to diversify your portfolio. It’s never a good idea to have all of your eggs in one basket.
Here’s the problem with and the solution to your Morrisville NC real estate notes
The risks include not collecting the money owed to you. Perhaps the bigger risk is the opportunity cost of missing out on investing your money in a better investment.
Holding on to your real estate note or a similar asset is not risk-free. Property values are notoriously unstable, especially in today’s economy. So, the asset you think has a high value today could actually be worth far less in the not-so-distant future.
Then, there’s the hassle of owning a real estate note. Not only are there the bookkeeping problems to worry about month after month; collecting on the real estate note is also not always a straightforward process. If the property goes into foreclosure, you risk losing some or all of your investment.
Your best bet is to find a NC real estate note buyer who will pay you a fair price without jerking you around. (We’re a firm of NC home buyers and real estate note purchasers based in Morrisville NC!) If you’d like an offer today, give us a call at 919-439-2911.
Fortunately, there’s a better solution than holding onto an unwanted note: Convert those notes to cash.
Cash is the most liquid asset. It allows you to use it any way you like without any obligations or risks.
When you sell all or part of your real estate note for cash, you can use it to make newer, better investments that allow you to grow your portfolio faster. You have more options in terms of reducing debt.
Or, you can simply use cash any way you like.
I want to sell my real estate note in Morrisville NC now!
If you are interested in learning more about your options for selling all or part of your real estate note in Morrisville NC, or you’re planning to sell your house in North Carolina, call us at 919-439-2911 or click here to visit our website so you can learn more about your options.
Have you been thinking, “I’d like to sell my house in Morrisville NC” or “I want to sell my real estate note”? Here at Inspiring Investment Raleigh, we look forward to connecting with you!