Noteholders sell their note for a wide variety of reasons. But after years in this business and talking to hundreds and hundreds of people, I find that folks are driven by 5 key events in their lives. In no particular order:
- Opportunity. The person wants to buy a business or make a once in a lifetime investment.
- Payoff. The person wants to eliminate a burdensome debt or pay off a mortgage.
- Buy. The person wants to buy a new home or purchase land on which to build their dream home.
- Change. A life changing event has occurred – death of a spouse, retirement, moving out of state, selling a business, simplifying life.
- Pay. Uncle Sam has presented a big tax bill.
Whatever your reason may be, if you are considering a sale of your note, let us give you some options. We are here to help.