Reputable Idaho Note Investor

Idaho was admitted into the Union as the 43rd state in 1889, and has the deepest canyon in North America, the Hells Canyon. It’s 7900 feet deep, which is deeper than the Grand Canyon, but fortunately for Idaho residents, their homes are located at a slightly higher altitude, so they don’t get quite as good a view.

The vast majority of sellers think that there are two main methods of buying property – either they get a mortgage or pay cash. But there’s another option – an owner finance arrangement where the seller carries a note. That may sound complicated, but it can actually work out quite nicely for both parties. Here are a few tips to help make your transaction go smoothly.Get legal help from an attorney or a real estate agent to ensure that the documents are done correctly.Make sure that your buyers have enough money to put down a deposit of at least $10,000 and cover their share of the cost of buying a house.If you want to avoid a lot of trouble down the road, don’t buy from someone who doesn’t pay their bills on time.

Selling To An Idaho Note Investor

Once you have sold off your home using owner finance, you have two choices regarding how to handle the loan note. You can either hang onto the note and collect the monthly payments, though you should be aware of the risks involved. Alternatively, you can choose to sell the note to someone who specializes in buying these types of notes. To ensure that you have found the right note holder, be sure that they have experience and expertise in dealing with such loans, and that they have an excellent BBB rating.

THE INVESTOR PROCESS

When you’ve agreed on a purchase offer for your business, the next step is usually to get an appraisal.You will need to provide a copy of everything you’ve sent us so far (including any payment receipts) and an explanation of why we should accept them.He/she will review the documents and request an inspection.After receiving an appraisal showing the property’s current market price, the Idaho real estate investor will order a title insurance policy.Step two and step three may each take one week or longer, after which you’ll receive assignments.You return the signed notes and deeds of trust with the original loan agreement, and the investor will send you the funds within two to three days.

Seascape Capital was founded in 2002 and has been in business for quite some time. It has an excellent reputation with the BBB and has never received any complaints.