I am about sell 2 land tracts and I am likely going to seller finance them. I am trying to optimize value on the back end if I decide not to hold them. Does anyone know any loan brokers who are in this business? How do potential buyers value these loans secured by raw land? I have an idea of monthly payment that will work to get them sold but can tinker with the interest rate, term, and price(loan amount). Other than higher down payment/equity or finding highly qualified buyer/borrowers what is best way to get the most value of the loan?
Open to any and all feedback as I have never sold a loan before and have no idea how it works. Thanks!
Open to any and all feedback as I have never sold a loan before and have no idea how it works. Thanks!