We always say we are a “niche business.” It is true, very few people know we exist and most folks in the real estate industry could not explain what we do. Let me share some statistics that prove the point:
In 2023, over 4 million homes were sold. Take a guess – how many seller carry transactions closed last year?
89, 773!
Would you agree we are niche? Here is a breakdown:
Top 5 States
- Texas 22,301
- Florida 8,270
- California 7,220
- North Carolina 4,500
- Georgia 4,055
Property Type
- Residential 63%
- Commercial 17%
- Land 16%
- Unknown 4%
Average Loan Amount
- Residential $248,523 LTV 74%
- Commercial $613,077 LTV 72%
- Land $269,872 LTV 70%
If you carry a note, look how unique you truly are. If you are contemplating carrying a note, look how unique you may become.
Please call with your questions or pricing options for your note.
Source: Scott Arpan, Advanced Seller Data Services, www.notesellerlist.com