Do I need an Appraisal?

When you have decided to sell your mortgage note, there are a few things to expect. One of them is an inspection of some kind.Mortgage note buyers will want to know the condition of the property that the note is secured by. At the minimum, and depending on the note buyer, a Broker’s price opinion, or BPO, will take place.

What is the difference between inspections, appraisals, and BPO’s?

An inspection can range from a typically a general observation of the exterior of the property to a complete home inspection. The information from an inspection may include whether or not the property is occupied, if there is any apparent damage to the property and whether there is any obvious threat that could impact the value of the property. A general inspection can done by almost any person and can include a general “drive by” of the property.

A complete home inspection will include what a person walking through a house cannot see. This inspection will tell you if the foundation is cracked or if the A/C unit is about to die. Other items inspectors may note are termite damage, roof condition, electrical issues, plumbing issues, drainage, and flooring problems. These home inspections should be completed by licensed or certified inspectors

A BPO is performed by a real estate professional, not necessarily a broker. It can be an appraiser, a real estate agent, or a broker. It can be a “drive by” which will be the exterior of the property or can include the interior if the person has access. . BPO’s usually determine a general listing price when selling a home. A BPO can include the size, type, and age of the property. A complete BPO will have the characteristics of the neighborhood and some values of similar properties nearby.

An appraisal is more detailed than a BPO and often include statistics, analyzation of data, pictures, and other information related to the specific party. Appraisals will often include the interpretation of the information along with information from public records. Pictures of both the interior and exterior of the property will be taken. Notes about any architectural features, and necessary repairs will be used to support the valuation of the property. Appraisers are licensed or certified depending on the state. When the note buyer is ready to move forward with the purchase of the note, the seller will know what to expect when one of the above is requested.

http://nationwidesecuredcapital.com/Sell-My-Note/do-i-need-an-appraisal-before-i-sell-my-note/

Nationwide Secured Capital Review

Nationwide Secured Capital 5 Star Review

 

 

http://nationwidesecuredcapital.com/Sell-My-Note/

Nationwide Secured Capital

NATIONWIDE SECURED CAPITAL REVIEW

Here is a great review for Nationwide Secured.
http://nationwidesecuredcapital.com/Sell-My-Note/nationwide-secured-capital-review/

Seller Financing Can Help You Sell Your House Faster

• Are you thinking about selling your property TODAY?
• Do you need to sell it QUICKLY? Maybe you need ALL of the money NOW, or have relocated or found another house to live.
• Has your property been sitting on the market longer than you want?
• Do you have interested buyers but they are not qualified for a traditional loan at the bank?
• Can you NOT “wait it out” until market conditions improve for it to be easier to sell your property and get what you are looking for?
• DO YOU WANT TO SELL YOUR PROPERTY FAST?!?!

If you answered “Yes” to any of the above, then read on.

Creating a Seller Financed Mortgage Note will help you sell your property FASTER in   any market…AND you can also walk away with cash in your pocket shortly after closing when you create your note correctly

What is a seller financed mortgage note?

The seller takes on the role of the lender. The seller extends credit to the buyer in order for the buyer to purchase the house.

WHAT IS A SELLER FINANCE NOTE AND HOW IT CAN HELP YOU

The pool of eligible buyers who are qualified to purchase your property with a loan is considerably smaller than it was a few years ago.  This is due to the collapse of bank lending from bad loans the bank made. There are now many good buyer/ borrowers out there who cannot obtain a bank loan. There is no place for them to turn.  They would love to buy your property!

http://nationwidesecuredcapital.com/Sell-My-Note/seller-financing/

THE NATIONWIDE SECURED CAPITAL DIFFERENCE

Robert Burke: Alright we are back. We’ve got another guest who’s another one of my favorites with Nationwide Secured Capital Company in California, Gene Powers are you on the line?

Gene Powers:  I’m here Robert. Good to hear you.

Burke: Well it’s always great to have you here. How is sunny California?

Powers: It’s doing well, Spring is springing in. The mild weather is wonderful this time of year.

Burke: Well that’s great. Hey you probably didn’t hear the first part of the show because you’re calling in from California and you don’t hear our show there. But we’ve basically taken the show to go over some things, a lot of questions, comments that people have written in. Some questions they’ve had. Of course, the number one question we get in regards to your company, Nationwide Secured Capital, you guys buy owner financed mortgages around the country. There are a lot of companies out there who do that. But what sets you guys apart from all the rest?

Powers: That’s a great question. You’re right Robert. There are probably more companies and brokers that you can shake a stick at. Out there. As soon as you go out and start looking to sell your note, you’re going to find a lot of them. Our company is an established, experienced investment firm. These notes, brokerage that buys real estate mortgage and contracts, Nationwide, we can buy them in any of the 50 states, on all kinds of properties, land, commercial, apartments, duplexes, single family, et cetera. And that investment experience is essential to providing sellers firm and reliable top of market pricing, and offers for their notes that meet their needs that will actually make it to closing. Without a cancelation or change. Many of the buyers out there are new brokers or brokers who don’t fully understand what investors require. They’ve purchased very few, if any notes for themselves. And many of them are novices so a company like ours can help a seller get, provide an offer, a cash out offer that’s actually going to happen. That gets to the closing table.

Burke: Ok, let’s say someone out there has a note they would like to sell.  They want to get an offer from you. What do they do? What’s the step?

More at http://nationwidesecuredcapital.com/Sell-My-Note/transcript-the-nationwide-secured-capital-difference/