If you hold a seller-financed land note in Lubbock, Texas and want to convert those monthly payments into a lump sum of cash, this guide will show you exactly how to do it. West Texas has a long tradition of land sales with owner financing, from rural ranch acreage to city lots in the Hub City. Whether you sold land in Lubbock County, nearby agricultural property, or acreage anywhere in the South Plains region, you can sell your note quickly and efficiently to a direct buyer with over four decades of experience.
Lubbock sits at the center of West Texas commerce and agriculture. The region's economy, built on cotton farming, oil and gas, Texas Tech University, and healthcare, creates a stable foundation for property values. Note holders who sold land with financing in this area own valuable financial assets that can be liquidated for immediate cash. For a comprehensive overview of the entire process across Texas, see our complete guide to selling your Texas land note.
Why Lubbock Area Note Holders Choose to Sell
Every note holder has their own reasons for selling. Understanding why others in your situation have chosen to sell can help you evaluate whether it makes sense for you.
Many Lubbock area note holders originally provided seller financing to facilitate a property sale. Perhaps your buyer could not qualify for traditional bank financing, or you wanted to offer attractive terms to close a deal quickly. At the time, becoming the bank seemed like a good idea. Now, your circumstances may have changed.
Life transitions commonly trigger note sales. Retirement planning leads many note holders to prefer a lump sum they can invest for income rather than waiting years for a note to pay off. Divorce settlements, estate distributions, and business restructuring all create situations where immediate cash serves better than future payments.
If you are tired of collecting payments, you are not alone. Tracking payment dates, sending statements, following up on late payments, and maintaining records takes time and energy. Some note holders living outside West Texas find managing a distant note especially burdensome. Selling eliminates these administrative headaches entirely.
Investment opportunities arise that require capital you currently have tied up in your note. Real estate deals, business opportunities, or other investments may offer better returns than the interest rate on your note. Converting your note to cash lets you pursue these opportunities.
Health emergencies and unexpected expenses create urgent needs for cash that monthly note payments cannot address. Rather than taking on debt, note holders can sell all or part of their note to handle these situations.
The Lubbock and West Texas Land Market
Understanding the local market helps you appreciate your note's value and why buyers like Longhorn Money Services find West Texas notes attractive investments.
Lubbock serves as the economic and cultural hub of the South Plains region. Texas Tech University anchors the economy with over 40,000 students, faculty, and staff. The healthcare sector, anchored by major hospitals and medical facilities, provides stable employment. Cotton farming and agricultural processing remain vital, though the economy has diversified significantly.
Land values in the Lubbock metro area have shown steady appreciation, particularly for properties with development potential on the city's expanding edges. This growth supports property values and, by extension, the notes secured by those properties.
West Texas agricultural land, including cotton farms, grazing land, and ranch properties, represents a significant portion of seller-financed transactions in the region. These properties have their own valuation considerations that experienced note buyers understand. At Longhorn Money Services, we have been buying notes on West Texas agricultural properties for over 42 years.
The oil and gas industry, while cyclical, contributes to regional prosperity and land demand. Mineral rights and surface rights transactions sometimes involve seller financing, creating notes that can be sold. We understand these instruments and can evaluate them appropriately.
Smaller communities surrounding Lubbock, including Levelland, Brownfield, Plainview, Lamesa, and others throughout the South Plains, have their own active land markets. Notes secured by properties in these areas are valuable and sellable.
Own a West Texas land note? Get My Offer from the direct buyer with 42 years of Texas experience. Free quote, no obligation.
How Selling Your Lubbock Land Note Works
The process of selling your land note is more straightforward than most people expect. Unlike selling real estate, which involves showings, negotiations, and contingencies, selling a note is primarily a documentation and verification process. Our step-by-step guide covers the details, but here is an overview.
The process begins when you provide basic information about your note. This includes the current balance, monthly payment, interest rate, remaining term, and payment history. Information about the property and the buyer making payments helps us provide an accurate preliminary quote, typically within 24 hours.
Once you decide to proceed with a quote you find acceptable, we move into due diligence. During this phase, we review your actual documents, verify the payment history, and evaluate the property securing the note. We work with title companies in Lubbock County who are experienced with note assignments and can verify proper recording of all instruments.
After due diligence confirms everything is in order, we proceed to closing. The title company prepares assignment documents that transfer your rights in the note and security instrument to Longhorn Money Services. You sign these documents, and we wire funds directly to your bank account. The entire process typically takes two to three weeks, though we can expedite for urgent situations.
Throughout the process, we handle the coordination and paperwork. Our goal is making the experience as simple as possible for you while ensuring a thorough and properly documented transaction.
Documents Required to Sell Your Lubbock Land Note
Having your documents organized helps speed up the transaction. Our complete document guide provides full details, but here are the essentials for Lubbock area note holders.
The promissory note is the core document. This is the borrower's written promise to pay you according to specified terms. It details the loan amount, interest rate, payment schedule, and consequences of default. If you cannot locate the original note, contact us anyway, as solutions exist for certain situations involving missing documents.
The deed of trust or contract for deed secures the note against the property. This document was recorded in Lubbock County (or the relevant county) when the transaction closed. It gives you foreclosure rights if the borrower defaults, which is what gives your note value. Copies can be obtained from county records if needed.
Payment records demonstrate the borrower's payment history. This might include bank statements showing deposits, a payment ledger you maintained, copies of checks received, or other documentation. Strong payment history with consistent on-time payments increases your note's value significantly.
Property information helps us evaluate the collateral. This includes any survey, appraisal, or title insurance policy from the original sale. If you do not have these documents, we can work with the information available and obtain what we need during due diligence.
Additional documents that can be helpful include the original closing statement, any modifications or amendments to the note, correspondence with the buyer, and insurance information for the property.
What Determines Your Lubbock Land Note's Value
Several factors influence what a buyer will pay for your note. Understanding how land notes are valued helps you evaluate offers and recognize fair pricing.
The remaining balance on your note establishes the starting point. All other factors adjust this figure up or down. Larger balances generally command more buyer interest, though we buy notes of all sizes including smaller balances that other buyers decline.
Interest rate significantly affects value. Notes with rates above current market rates are more valuable because they generate more income. Notes with below-market rates sell at larger discounts because the buyer could potentially earn more from alternative investments.
Down payment percentage reflects the buyer's equity stake and commitment. A buyer who put 20% or more down has significant skin in the game and is statistically less likely to default. Notes with minimal down payments carry more risk and sell for less, though we still buy them.
Payment history demonstrates whether your buyer actually pays reliably. Twelve or more months of perfect on-time payments is ideal. Late payments, missed payments, or current defaults reduce value but do not necessarily prevent a sale. We regularly purchase notes with payment problems.
Property value and marketability affect the collateral's strength. Lubbock area properties generally maintain solid values due to the stable regional economy. Rural agricultural properties require specialized evaluation that we are equipped to provide.
Time seasoning matters. New notes with only a few payments are riskier than notes with years of established payment history. Generally, notes become more valuable after 12 months of seasoning when the buyer has demonstrated commitment to paying.
Why Sell to a Direct Buyer Instead of Using a Broker
When selling your Lubbock land note, you have two primary options: use a note broker or sell directly to a buyer like Longhorn Money Services. Understanding the difference between brokers and direct buyers can save you thousands of dollars.
Note brokers are intermediaries who find buyers for your note in exchange for a commission. These commissions typically range from 2% to 10% of the transaction amount. On a $50,000 note, that means $1,000 to $5,000 coming out of your proceeds. Our detailed broker fee analysis explains these costs in depth.
Direct buyers like Longhorn Money Services use our own capital to purchase notes. There is no middleman taking a commission. The price we quote is exactly what you receive at closing. This typically means more money in your pocket compared to broker transactions.
Working with direct note buyers also usually means faster closings. Brokers must shop your note to multiple potential buyers, negotiate terms, and coordinate between various parties. We make decisions in-house and control our own timeline. When you need to close quickly, a direct buyer delivers.
Longhorn Money Services brings 42 years of Texas note-buying experience to every transaction. We understand West Texas property values, agricultural land characteristics, and regional market dynamics. This expertise allows us to evaluate notes fairly without the guesswork that less experienced buyers might apply.
We also buy notes that brokers struggle to place. Low down payments, small balances, imperfect payment histories, and unusual property types are all within our purchasing criteria. If a broker has told you your note is unsellable, get a second opinion from us.
Keep more of your money with a direct sale. Get My Offer today — no broker commissions, close in as little as 7 days. Or call George at (210) 828-3573.
Full Sale vs. Partial Sale: Choosing Your Best Option
You are not limited to selling your entire note. Understanding the difference between full and partial sales helps you choose the approach that best fits your needs.
A full sale transfers all remaining payments to the buyer in exchange for a lump sum. You receive your cash and have no further involvement with the note. The buyer assumes all collection responsibilities and risks. This option maximizes immediate cash and provides a clean break.
A partial sale lets you sell a specified number of payments while retaining ownership of the remaining payments. For example, if your note has 100 payments remaining, you could sell payments 1-50. After those are collected, ownership reverts to you for payments 51-100.
Partial sales work well when you need some cash now but want to preserve future income. They can also make sense if you believe your note's value will improve over time, perhaps because the buyer is building payment history or the property is appreciating.
The trade-off is that partial sales typically involve a higher per-payment discount than full sales. The buyer has administrative costs and risks spread over fewer payments. We can quote you both options so you can make an informed decision.
How Long Does It Take to Sell Your Lubbock Note
Timeline is often a primary concern for note sellers. Our complete timeline guide covers this in detail, but here is what Lubbock area sellers can typically expect.
Standard transactions close in two to three weeks. This allows time for document review, property evaluation, title work, and closing preparation. Organized sellers with readily available documents often close faster.
Expedited transactions can close in as little as seven days when circumstances require speed. Medical emergencies, business opportunities with deadlines, or other urgent situations may justify paying for rush title work and compressed timelines. We accommodate these needs when possible.
Factors that can extend timelines include missing documents that need to be located or reconstructed, title issues that require resolution, difficulty reaching the note payor for verification, and lender payoff complications if underlying financing exists.
We work with title companies in Lubbock and throughout West Texas who understand note assignments. Their familiarity with the process helps ensure efficient closings without unnecessary delays.
Mistakes to Avoid When Selling Your Land Note
Being aware of common mistakes helps you avoid them and get the best outcome from your note sale.
Not understanding your note's terms before selling can lead to unrealistic expectations. Review your note and deed of trust so you know the interest rate, remaining balance, and other key terms. This helps you evaluate offers intelligently.
Accepting the first offer without understanding the market may leave money on the table. While we are confident our offers are competitive, we encourage you to understand typical note valuations so you recognize fair pricing.
Ignoring tax implications can create surprises at tax time. How you acquired the note, your basis, and your accounting method all affect tax treatment. Consulting a tax professional before closing helps you plan appropriately.
Hiding problems with the note backfires. If your borrower has payment issues or the property has problems, disclose this upfront. Experienced buyers expect imperfect notes and can work with various situations. Problems that surface during due diligence after being concealed damage trust and can kill deals.
Choosing a buyer based solely on initial quote can lead to disappointment. Some buyers make aggressive quotes they later reduce during due diligence or cannot actually fund. Verify your buyer's experience, reputation, and funding capacity. Longhorn Money Services has been in business for 42 years and has the capital to close every transaction we commit to.
What If Your Buyer Has Stopped Paying?
Not all notes perform perfectly. If your buyer has missed payments or stopped paying entirely, you have options to consider. Our guide on selling vs. foreclosing covers this decision in depth.
Foreclosure returns the property to you but involves costs, time, and effort. Attorney fees, posting requirements, redemption periods, and property management all factor in. After foreclosure, you own real estate that must be maintained, insured, and eventually sold.
Selling a non-performing note puts cash in your hands immediately and transfers the collection challenge to the buyer. Yes, non-performing notes sell at larger discounts than performing notes. But you eliminate risk, hassle, and time while receiving certain cash rather than uncertain property.
We buy non-performing notes throughout West Texas. Our experience handling troubled notes means we can often offer more than sellers expect. If your buyer has payment problems, contact us for a quote before assuming foreclosure is your only option.
Special Considerations for West Texas Land Notes
West Texas has characteristics that make local expertise valuable. Having purchased notes in this region for over 42 years, Longhorn Money Services understands these nuances.
Agricultural properties are common collateral for West Texas notes. Cotton farms, ranch land, and grazing acreage have their own valuation considerations. Water rights, agricultural exemptions, commodity prices, and weather patterns all factor into property values. We understand these factors and evaluate agricultural notes fairly.
Large acreage transactions are more common in West Texas than in urban areas. A 100-acre ranch note is evaluated differently than a quarter-acre city lot. We have the experience to handle notes of all property sizes.
Mineral rights add complexity to some transactions. If your note involves property where mineral rights were reserved or conveyed separately, this affects both property value and transaction documentation. We can navigate these situations.
Smaller balance notes are common in West Texas due to lower property values compared to major metro areas. While some buyers set minimum balance requirements, Longhorn Money Services buys notes of all sizes. Your $15,000 note receives the same professional attention as a $150,000 note.
We serve all of West Texas including Lubbock, Amarillo, Midland, Odessa, Abilene, San Angelo, and all rural areas in between. If your property is in West Texas, we want to make you an offer.
Types of Lubbock Area Land Notes We Purchase
Longhorn Money Services buys a wide variety of land notes in the Lubbock area and throughout West Texas.
Residential lot notes secured by city lots where buyers have built or plan to build homes are common purchases. These include lots in Lubbock subdivisions and surrounding communities.
Rural acreage notes secured by undeveloped land outside city limits. These may be recreational properties, future homestead sites, or investment holdings. We evaluate these based on access, utilities, and development potential.
Agricultural notes secured by farmland, ranch land, or grazing acreage. We understand West Texas agriculture and can fairly evaluate these specialized properties.
Commercial land notes secured by developed commercial properties or vacant land zoned for commercial use. Lubbock's growing economy creates demand for commercial land.
Notes with characteristics others reject, including low down payments, small balances, imperfect payment histories, and contract for deed structures. Our experience allows us to evaluate non-standard notes that less experienced buyers decline.
Both performing and non-performing notes are welcome. Your buyer's current payment status affects value but does not determine whether we will make an offer.
Why Lubbock Note Holders Choose Longhorn Money Services
Selecting the right buyer for your land note matters. Here is why note holders throughout West Texas consistently choose Longhorn Money Services.
We are direct buyers using our own capital. No broker commissions reduce your proceeds. We have over $5 million per month available for note purchases, so funding is never an issue.
Our 42 years of Texas experience includes extensive work in West Texas. We understand regional property values, agricultural land characteristics, and local market dynamics. This knowledge means fair evaluations without guesswork.
We buy notes others reject. Low down payments, small balances, imperfect histories, and unusual properties are all within our criteria. If another buyer declined your note, we may still make an offer.
Fast closings set us apart. Standard transactions close in two to three weeks, with expedited closings available when needed. We work efficiently without sacrificing thoroughness.
Transparency guides our approach. We explain our evaluation, answer questions, and provide clear documentation. No hidden fees or surprises appear at closing.
We serve all 254 Texas counties. Whether your property is in Lubbock proper, a surrounding South Plains community, or anywhere in the state, we want to make you an offer. We work with note holders in Dallas, Fort Worth, Austin, El Paso, and across Texas.
Ready to see what your West Texas note is worth? Get My Offer — free quote in 24 hours, no obligation, no broker fees.
How to Get Started Selling Your Lubbock Land Note
Beginning the process is simple and obligation-free. We have designed our approach to respect your time and decision-making process.
Start by gathering basic information about your note. You do not need every document initially. Knowing the approximate current balance, monthly payment, interest rate, and property location allows us to provide a preliminary quote.
Visit longhornmoneyservices.com and click Get My Offer. Complete the simple form with your note information. We typically respond with a preliminary quote within 24 hours.
Alternatively, call George directly at (210) 828-3573. We can discuss your note over the phone and answer any questions. With 42 years buying Texas notes, George has encountered virtually every situation.
Once you accept a quote and decide to proceed, we request documents for due diligence and begin title work. We handle coordination and paperwork, making the experience simple for you. Our goal is getting you cash quickly with minimal hassle.
Frequently Asked Questions About Selling Land Notes in Lubbock
How quickly can I sell my land note in Lubbock?
Longhorn Money Services can close standard transactions in 2-3 weeks and expedited transactions in as little as 7 days. We work with Lubbock County title companies familiar with land note assignments and handle all paperwork for you. See our timeline guide for details.
Do you buy land notes with small balances in West Texas?
Yes, we buy notes of all sizes including small balance notes that other buyers decline. Many West Texas land notes have modest balances due to lower property values, and we are happy to purchase these. There is no minimum balance requirement.
What if my Lubbock land note buyer has missed payments?
We still buy notes with imperfect payment histories, including those with missed payments or current defaults. The payment history affects the price we can offer, but it does not prevent us from making an offer. We specialize in notes other buyers reject.
How do you determine what my Lubbock land note is worth?
We evaluate factors including the remaining balance, interest rate, monthly payment, down payment percentage, payment history, property value, and time seasoning. Our valuation guide explains each factor. West Texas properties have their own market dynamics that we understand from 42 years of buying notes in the region.
Should I use a note broker or sell directly to you?
Selling directly to Longhorn Money Services means no broker commissions, which typically range from 2-10% of the transaction. On a $40,000 note, that could mean $800-$4,000 more in your pocket. We are direct buyers using our own capital.
Can I sell only some of my note payments instead of the whole note?
Yes, partial note sales are available. You can sell a specified number of payments while retaining ownership of the remaining payments. This option provides cash now while preserving some future income stream.
Do you buy land notes on agricultural and ranch properties?
Absolutely. West Texas has many notes secured by agricultural land, ranch acreage, and rural properties. We have extensive experience evaluating these properties and purchasing the notes secured by them.
Take the Next Step: Get Your Free Lubbock Land Note Quote
If you hold a seller-financed land note in Lubbock or anywhere in West Texas, now is a great time to explore your options. The regional economy remains stable, property values are holding, and the market for notes is active. Whether you want to eliminate collection hassles, need cash for other purposes, or simply prefer a lump sum over monthly payments, selling your note deserves serious consideration.
Longhorn Money Services has been buying land notes in Texas for over 42 years, with extensive experience in the West Texas region. We bring unmatched expertise, substantial capital, and commitment to fair dealing to every transaction. We buy notes others reject, close quickly, and put the full quoted amount in your pocket without broker commissions.
Getting a quote costs nothing and creates no obligation. You have nothing to lose by learning what your note is worth. Visit longhornmoneyservices.com and click Get My Offer to receive your quote, typically within 24 hours. Or call George directly at (210) 828-3573 to discuss your note personally.
Your West Texas land note represents real value. Let Longhorn Money Services help you unlock that value with a fair price, fast closing, and professional service. We look forward to making you an offer.
Ready to convert your Lubbock land note to cash? Get My Offer now — free quote in 24 hours, close in as little as 7 days, no broker fees. Or call George at (210) 828-3573 to discuss your note today.