Owner financing is an increasingly popular tool among property sellers and real estate investors in Oklahoma, especially in areas like Tulsa where flexible housing solutions are in demand. If you’ve sold a home using owner financing and now hold a promissory note, you might be considering the benefits of converting that note into cash. This process is known as selling a note with owner financing in Oklahoma—and it can be a smart financial move under the right conditions.
In this blog post, we’ll break down what it means selling a note with owner financing in Oklahoma, how it works, and how to ensure you get the best value from your investment.
What Is a Note With Owner Financing?
A note with owner financing is created when a seller agrees to finance the purchase of their property for the buyer, allowing the buyer to make monthly payments directly to them instead of a bank. The buyer signs a promissory note, outlining the repayment terms, and the seller retains a mortgage or deed of trust on the property.
If you’re holding one of these notes, you’re essentially acting as the bank—and just like a bank, you have the option of selling that note to a third-party investor or note buyer.
Why Consider Selling a Note With Owner Financing in Oklahoma?
There are several good reasons to consider selling a note with owner financing whether in Tulsa or other parts of Oklahoma:
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✅ Immediate Cash: Instead of waiting years to collect payments, you can receive a lump sum now.
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✅ Reduce Risk: Offload the risk of buyer default or late payments.
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✅ Simplify Finances: Eliminate the need to manage loan servicing or property oversight.
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✅ Reinvest: Use the cash from the note sale to invest in other real estate opportunities or financial vehicles.
How Does the Note Selling Process Work?
If you’re wondering how to begin selling a note with owner financing, the process is fairly straightforward:
1. Evaluate Your Note
The first step is determining the value of your note. Key factors include:
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Down payment amount
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Interest rate and term length
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Remaining balance
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Payment history of the buyer
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Condition and location of the property (e.g., Tulsa real estate)
2. Contact a Note Buyer
There are note investment companies and individuals who specialize in buying mortgage notes. In Oklahoma, several trusted companies operate in Tulsa and surrounding cities.
3. Get a Quote
Once a buyer has evaluated your note, they’ll give you a purchase offer. This is usually less than the total unpaid balance, depending on risk factors and the buyer’s expected return.
4. Due Diligence and Closing
If you accept the offer, the buyer will perform due diligence, confirm the property’s condition, and prepare closing documents. Once finalized, you receive your lump-sum cash payment.
Need Help With Owner Financing or Selling Notes in Tulsa?
At Assurance Home Buyers, we specialize in creative real estate solutions, including purchasing owner-financed notes. We’re familiar with local market dynamics and can help you make a smooth, profitable sale—whether you’re an investor looking to cash out or a homeowner managing a property sale.
We also buy houses in Tulsa, offer cash home buyer solutions, and work with sellers who need to sell my house as-is in Tulsa or sell my house fast Tulsa OK.
Selling a note with owner financing can be a great way to unlock your equity and reduce risk—especially in fast-paced markets like Tulsa. With the right guidance and a trustworthy buyer, converting your note into immediate cash could be the right move for your long-term financial strategy.