If you hold a seller-financed land note in Amarillo, Texas and you're ready to convert those future payments into immediate cash, Longhorn Money Services is ready to help. Whether you sold ranch land in Potter County, agricultural acreage near Canyon, or a residential lot in the Amarillo suburbs, we've been buying Texas land notes for over 42 years. We're not brokers — we're direct buyers who can close your deal in as little as 7 days.
Amarillo anchors the Texas Panhandle, serving as the economic hub for a region that spans hundreds of miles in every direction. This unique area — where cattle ranching, agriculture, and energy production drive the economy — has produced thousands of seller-financed land transactions over the years. If you sold land with owner financing and you're now collecting monthly payments, you have an asset that can be converted to cash today. Our comprehensive guide to selling your Texas land note explains the entire process in detail.
Why Amarillo Land Note Holders Choose to Sell
Every note holder has their own reasons for wanting to sell. After decades of working with clients throughout the Texas Panhandle, we understand the circumstances that lead people to convert their notes to cash. Here are the situations we see most often:
Ranch and estate transitions. The Panhandle has a long tradition of family ranching. When parents sell ranch land to the next generation or to neighboring ranchers with seller financing, they create notes that can last decades. As years pass, some note holders want to simplify their estates, distribute cash to heirs now, or consolidate assets for retirement. Selling the note accomplishes these goals efficiently.
Oil and gas opportunities. The Texas Panhandle sits atop significant oil and gas reserves. When mineral rights opportunities arise — or when energy-related investments require capital — note holders sometimes sell to capture those opportunities. Future payments spread across years don't help you buy into a drilling program today.
Medical expenses. Healthcare costs don't wait for your note to pay off. When facing significant medical expenses — whether for yourself or a family member — converting note payments to immediate cash provides financial relief when you need it most.
Business capital. Amarillo is home to a diverse business community, from agricultural operations to manufacturing to energy services. Entrepreneurs often find better returns investing capital in their businesses than collecting note payments. Selling provides the working capital to grow.
Relocation. When life takes you out of Texas, managing a land note from another state adds complexity. Many note holders find it easier to sell the note before moving, eliminating the need for long-distance payment collection and property monitoring.
Tired of collecting payments. Being the bank isn't for everyone. If you're tired of tracking due dates, sending payment reminders, or worrying about default, selling your note ends those responsibilities. Our guide on note holders tired of collecting payments addresses this common situation.
Ready to see what your Amarillo land note is worth? Get My Offer — free evaluation, no obligation, response within 24 hours.
Understanding the Amarillo and Texas Panhandle Land Market
The Panhandle land market differs significantly from other parts of Texas. Understanding these differences helps you understand your note's value and why buyers like Longhorn Money Services are interested in Panhandle notes.
Large parcels dominate. Unlike suburban areas where 1-acre lots are common, Panhandle land transactions often involve 20, 50, 100, or even thousands of acres. Ranch land and agricultural parcels define this market. Notes secured by these larger properties often have higher balances and longer terms, making them attractive to note buyers.
Agricultural foundation. Cattle ranching, wheat farming, cotton production, and feedlot operations drive Panhandle land values. Notes secured by productive agricultural land benefit from stable underlying value — the land generates income for the borrower, which supports their ability to pay.
Energy sector influence. Oil, natural gas, and wind energy production throughout the Panhandle affect land values and note quality. Properties with mineral rights or lease payments have additional income streams that can support note payments.
Steady appreciation. While Panhandle land doesn't experience the explosive growth seen in Austin or Houston suburbs, it tends to appreciate steadily over time. This stability benefits note holders and note buyers alike.
Lower population density. The vast distances and lower population density in the Panhandle mean fewer transactions overall, but the transactions that occur often involve substantial sums. A $200,000 ranch note in Potter County represents significant value.
How We Value Land Notes in Amarillo and the Panhandle
Every note is unique, and our valuation process considers multiple factors specific to your situation. Understanding how your land note is valued helps you set realistic expectations.
Payment history matters most. Has your buyer paid on time every month for the past three years? That's valuable. Have there been occasional late payments or a rough patch? We factor that in. Payment history is the single most important indicator of future performance.
Interest rate. Higher interest rates mean higher value. If your Panhandle land note carries an 8%, 10%, or 12% interest rate, you'll see that reflected in our offer. Lower rates produce lower offers because the income stream is smaller.
Down payment and equity. What did your buyer put down initially, and have property values increased since? More equity means lower risk. Notes where the buyer has 20%, 30%, or more equity typically command better pricing than low-equity notes.
Remaining balance and term. The amount outstanding and the number of payments remaining affect value. A $150,000 balance with 15 years remaining is valued differently than a $50,000 balance with 5 years remaining.
Property type and condition. Is the collateral raw land, improved ranch property, agricultural farmland, or a residential lot? Each property type carries different risk characteristics. We evaluate the underlying real estate as part of our analysis.
Location within the Panhandle. Properties in or near Amarillo may be valued differently than remote ranch parcels hours from town. Access, utilities, and development potential all factor into property value, which affects note value.
For a detailed explanation of how discounts work in note sales, see our guide on understanding land note discount rates in Texas.
Why Direct Buyers Beat Brokers for Panhandle Note Sales
When selling your Amarillo land note, you'll encounter two types of companies: brokers who find buyers for a commission, and direct buyers like Longhorn Money Services who purchase notes with their own capital. This distinction matters significantly.
Brokers take a cut. A note broker doesn't buy your note — they shop it to investors and take 3-5% (or more) as commission. On a $100,000 note, that's $3,000-$5,000 out of your pocket. Our detailed comparison of brokers versus direct buyers explains exactly how this affects your proceeds.
Direct buyers mean more money to you. When you sell directly to Longhorn Money Services, there's no middleman commission. The offer we make is what you receive. Simple, transparent, no surprises at closing.
Faster transactions. Brokers need time to market your note, find investors, and negotiate terms. We evaluate, decide, and fund — all with our own capital. That speed matters when you have a timeline or urgent need.
Experience with Panhandle properties. We've been buying Texas land notes for 42+ years, including countless Panhandle properties. We understand ranch land valuation, agricultural economics, and the unique characteristics of this market. That expertise translates to fair offers and smooth closings.
Our guide on note broker fees versus direct buyer costs provides a detailed breakdown of the numbers.
Skip the broker and keep more of your money. Get My Offer directly from Longhorn Money Services — no commissions, no middleman, just a straightforward cash offer.
The Step-by-Step Process for Selling Your Amarillo Land Note
Selling your land note follows a straightforward process. Our step-by-step guide to selling your Texas land note covers each phase in detail. Here's what to expect:
Step 1: Initial contact. Call George Mack at (210) 828-3573 or submit your information through our website. We'll discuss your note — the property, balance, payment history, and your timeline. This initial conversation takes about 10-15 minutes.
Step 2: Free preliminary offer. Based on our conversation, we'll provide a preliminary offer within 24-48 hours. This gives you a clear picture of what your note is worth, with no obligation to proceed.
Step 3: Document submission. If the preliminary offer works for you, we'll request copies of your note documentation. This includes the promissory note, deed of trust, payment records, and insurance verification. Our documents needed checklist ensures you're prepared. For complex situations, our detailed document guide covers additional requirements.
Step 4: Due diligence. We verify property information, confirm note status, and conduct title work. This phase typically takes 1-2 weeks, though we can expedite for urgent situations.
Step 5: Final offer and closing. After due diligence confirms everything, we provide a firm offer. Upon acceptance, we schedule closing, you sign assignment documents, and we wire your funds. For straightforward transactions, expect 2-3 weeks from initial contact to cash in hand.
Curious about the specific timeline? Our guide on how long it takes to sell a land note in Texas breaks down each phase.
Full Sale vs. Partial Sale: Your Options Explained
You don't have to sell your entire note. Partial purchases offer flexibility for note holders who want immediate cash while retaining some future income. Understanding your options helps you make the best decision for your situation.
Full sale. In a full sale, you transfer your entire note — all remaining payments — to us in exchange for a lump sum. This maximizes immediate cash and completely exits you from the note. If you want to be done being the bank, this is typically the right choice.
Partial sale. In a partial sale, you sell a portion of your payment stream. For example, you might sell the next 60 payments while retaining the right to all payments after that. You get immediate cash while preserving future income. Our guide to partial land note sales in Texas explains how this works in detail.
Which is right for you? It depends on your financial goals, tax situation, and how you view the note's long-term value. A comparison of full versus partial sales helps you evaluate the tradeoffs.
Property Types We Purchase Throughout the Texas Panhandle
The Panhandle encompasses diverse property types, and we purchase notes secured by virtually all of them:
Ranch land. Whether it's 40 acres or 4,000 acres, ranch land notes are core to our Panhandle purchasing activity. We understand grazing capacity, carrying capacity, and the economics of cattle operations.
Agricultural farmland. Wheat farms, cotton operations, grain sorghum, and irrigated farmland — we buy notes secured by productive agricultural properties throughout the region.
Residential lots. Subdivision lots in and around Amarillo, Canyon, Hereford, Pampa, and other Panhandle towns. Whether improved or unimproved, residential lot notes are within our buying criteria.
Rural residential tracts. The 5-20 acre "ranchette" parcels popular with those seeking rural lifestyle outside city limits. These properties are common throughout the Panhandle.
Commercial and industrial property. From downtown Amarillo commercial lots to industrial sites along the rail lines, we evaluate commercial property notes case by case.
Mineral rights notes. In areas with oil, gas, or wind energy potential, notes may involve mineral rights. We can handle these more complex transactions.
Special Situations We Handle
Not all notes are straightforward. Our experience allows us to purchase notes that other buyers might reject:
Non-performing notes. Is your buyer behind on payments? Has the note defaulted? We buy non-performing land notes throughout Texas, including the Panhandle. The offer reflects the additional risk, but selling often beats pursuing foreclosure yourself.
Low down payment notes. Some buyers won't touch notes where the original down payment was 5% or less. We consider these notes — the payment history after origination often matters more than the initial down payment.
Small balance notes. Have a note with only $15,000 or $20,000 remaining? We purchase small balance notes that other buyers find too small to bother with. As a direct buyer, we can make the economics work.
Inherited notes. If you inherited a land note and aren't sure what to do with it — or simply want to convert it to cash for estate distribution — we can help. Inherited notes require some additional documentation, but the process is manageable.
Notes with document issues. Missing original promissory note? Incomplete payment records? We can often work around documentation problems that would stop other buyers. Our 42 years of experience include solving countless document challenges.
If your note has complications, don't assume it can't be sold. Our guide on selling versus foreclosing compares your options when things aren't going smoothly.
Avoiding Common Mistakes When Selling Your Panhandle Land Note
Our guide to common mistakes when selling land notes covers pitfalls that cost note holders money. Here are the ones most relevant to Amarillo-area note holders:
Not understanding agricultural property valuation. Ranch and farm properties aren't valued like suburban lots. Understand that carrying capacity, water rights, mineral rights, and agricultural productivity affect value. Don't assume your note is worth what you'd get for suburban acreage.
Waiting until the note has problems. The best time to sell is when payments are current and everything is going smoothly. If you wait until your buyer struggles, your note's value decreases. If you've been thinking about selling, act sooner rather than later.
Accepting a broker quote as final. Remember that broker quotes don't account for the commission they'll take. A $50,000 "offer" from a broker becomes $47,500 or less after their cut. Compare net proceeds, not headline numbers.
Not preparing documents. Large Panhandle properties sometimes have complex documentation — multiple tracts, surveys, water rights, mineral reservations. Gather everything before you start the selling process. Our document checklist helps you prepare.
Ignoring tax implications. The sale of a land note triggers tax consequences. Capital gains, installment sale treatment, and other factors affect your after-tax proceeds. Our guide to tax implications provides background, though you should consult your tax advisor for specific guidance.
Have questions about your specific situation? Get My Offer and let's discuss your Amarillo-area land note. No obligation, just answers.
Why Panhandle Note Holders Choose Longhorn Money Services
You have choices when selling your land note. Here's why note holders throughout Texas choose to work with us:
42+ years of Texas experience. We started buying Texas land notes before many of our competitors existed. That experience means we've seen every situation, closed every type of deal, and solved problems others can't handle. You benefit from our expertise.
Direct buyer with real capital. We purchase notes with our own funds — no outside investors to satisfy, no committee approvals to wait for. Our $5 million monthly buying capacity means we're always ready for your deal, whether it's $20,000 or $200,000.
All 254 Texas counties. From Amarillo in the Panhandle to Houston on the Gulf Coast, from El Paso to Dallas, we buy notes throughout Texas. The Panhandle is familiar territory for us.
No broker fees. Our quote is your net proceeds. No commission to a middleman, no surprise fees at closing. We're direct buyers, and we keep it simple.
Fast when you need it. Standard closings take 2-3 weeks. When circumstances require, we can close in as little as 7 days. See our guide to selling your note fast for more on expedited transactions.
Personal service. When you call, you reach George Mack — not a call center. That personal attention continues throughout your transaction. We treat you like a neighbor, not a number.
Serving Amarillo and the Entire Texas Panhandle
Our commitment to the Panhandle extends throughout the region. We purchase land notes secured by properties in:
Potter County. Amarillo and surrounding areas form the heart of our Panhandle service territory.
Randall County. Canyon, home to West Texas A&M University, and the southern suburbs of Amarillo.
Moore County. Dumas and the northern Panhandle agricultural region.
Carson County. Panhandle town and surrounding ranch land.
Gray County. Pampa and the eastern Panhandle.
Deaf Smith County. Hereford, known as the "Beef Capital of the World."
Ochiltree, Hansford, Hutchinson, and beyond. Wherever your property is located in the Texas Panhandle, we can evaluate and purchase your note.
We also serve note holders throughout Texas, including Austin, San Antonio, Fort Worth, Arlington, Plano, and Corpus Christi.
What to Expect When You Contact Us
Reaching out to Longhorn Money Services starts a simple, straightforward process:
Initial conversation. Tell us about your note — the property location, remaining balance, interest rate, payment amount, and how long the buyer has been paying. We'll ask questions to understand your situation and timeline. This usually takes 10-15 minutes.
Free preliminary offer. Within 24-48 hours, we'll provide an initial offer based on our conversation. This is no-obligation — just a starting point to see if the numbers work for you.
Document review. If you want to proceed, we'll request copies of your note documentation. Having everything ready speeds the process.
Due diligence and final offer. We verify everything, conduct title work, and then provide a firm offer. This is exactly what you'll receive at closing.
Closing and funding. Accept the offer, sign assignment documents (often via mobile notary for your convenience), and receive your wire. You're done being the bank.
Frequently Asked Questions About Selling Land Notes in Amarillo
How much is my Amarillo land note worth?
Value depends on remaining balance, interest rate, payment history, property type, and buyer equity. Notes typically sell for 70-90% of face value. Request a free quote to get your specific valuation.
How long does it take to sell my Panhandle land note?
Most transactions close within 2-3 weeks. We can expedite to 7-10 days when needed. Timeline depends on documentation completeness and title work complexity.
Do you buy notes on ranch and agricultural land?
Absolutely. Ranch and agricultural land notes are a significant part of our Panhandle purchasing activity. We understand these properties and their valuation.
What if my buyer has missed payments?
We buy notes with imperfect payment histories, including defaulted notes. The offer reflects the additional risk, but don't assume your note can't be sold.
Are there any fees to sell my note?
No. We're a direct buyer, so there are no broker commissions. We cover standard transaction costs. Our offer is what you receive.
What documents do I need?
The essentials include your promissory note, deed of trust, payment history, and property insurance verification. We can work with you on additional documentation as needed.
Can I sell only part of my note?
Yes. Partial sales let you receive cash now while retaining rights to future payments. This option works well for some note holders.
Why choose Longhorn Money Services?
We offer 42+ years of Texas experience, direct buyer status (no broker fees), $5M monthly buying capacity, and personal service from George Mack. We handle complex situations other buyers reject.
Get Started: Convert Your Amarillo Land Note to Cash
You've been collecting payments long enough. Whether you want to simplify your finances, need capital for a new opportunity, or you're just tired of playing banker, Longhorn Money Services can help. We've helped thousands of Texas note holders convert future payments into immediate cash, and we can do the same for you.
The process starts with a simple conversation. Tell us about your note, and we'll provide a free, no-obligation offer. You'll know exactly what your Amarillo-area land note is worth in today's market, with no pressure to proceed.
George Mack has spent over four decades buying Texas land notes. His experience, combined with our direct buyer model and substantial capital base, delivers the best possible outcome for note sellers. No broker fees, no runaround, no unnecessary delays — just a straightforward transaction with people who understand Texas real estate.
Stop collecting payments and start enjoying your cash. Contact Longhorn Money Services today.
Ready to sell your Amarillo land note? Get My Offer now — free quote, no obligation, close in as little as 7 days. Or call George directly at (210) 828-3573.