Deadly Mistake #4: Make the Interest Rate on the Note Nice and Low
It’s tempting to offer a low interest rate to entice a buyer to give you a fat, juicy price for your property. It’s OK if that gets the job done and you’re happy with it, but you just have to know that you’re writing in the discount you will ultimately take on your note. [...]
Deadly Mistake #3: Losing the Original Note
7 Deadly Mistakes Sellers Make When Carrying Paper (Part Three of Seven)
The original note is the “green stuff,” it’s the currency, it’s “the thing you’re selling;” it’s a negotiable instrument. A copy just won’t do!
The original John Hancock of the Buyer/Payor, even if it’s not very attractive, fluid or sophisticated, is the silver lining in [...]
Collecting Shells before a Tsunami
I’ve never witnessed a tsunami first hand, but I’ve been told that before the devastating wall of water devours everything in its path, like a hungry sea beast charging in for a glorious feast, there are a few moments in time that seem quite magical to the innocent and unsuspecting.
The water line temporarily recedes, making [...]
