Selling your belongings generally isn’t all that complicated until you get into the world of real estate. Selling a car doesn’t generally require any expert advice. Selling unneeded items usually only means having a garage sale. However, things get a bit stickier when you move into the world of financial products, and that includes your structured settlement. There are a lot of things that you need to know about selling a settlement, and the industry can be more than a little murky for those who aren’t sure of their direction. A seller services company can help, but you need to choose the right provider.
Length of Time in the Industry
The structured settlement sales industry is relatively new, but that doesn’t mean you have to work with a company that has no verifiable history. Make sure the company you’re dealing with has a long history (dating back to 2007 or so). Not only does having a verifiable history prove that the company has been around, but it proves that they’re doing what it takes to stay in business.
Your Advocate, Not the Buyer’s
One thing you’ll notice when you start looking to sell your structured settlement is that a number of companies exist to serve buyers, not sellers. That’s certainly not in your best interests. Working with a buyer’s company does nothing to ensure that you get the most money possible for your settlement sale, and there’s the chance that you’ll be taken advantage of by an unscrupulous company. Make sure you work with a company that serves sellers, not buyers. You want an advocate on your side, not someone working for a buyer.
How Much Do You Get?
Understand that selling your structured settlement will not give you access to all of the money you have coming to you. Buyers don’t work that way. The difference between the total value of your structured settlement and the offer you accept is called a discount (it’s the profit that makes buying these settlements worthwhile for a company). However, there’s no reason that you have to accept a mere pittance. Working with a reputable seller services company will ensure that you offer the lowest discount possible (thus, maximizing the amount of your lump sum payment).
Partial Sales Welcome
You don’t have to sell your entire settlement. You can sell as little or as much of the total amount as you like. A reputable seller services company will explain that to you upfront in an attempt to help you make the wisest possible decision regarding your sale and your financial future. For some, selling the entire amount makes the most sense, but for others, selling only a portion and keeping the remainder in reserve is the better decision.
As you can see, working with a reputable seller services company to help you sell your structured settlement is vital. With the brief tips listed above, you should be able to make an informed decision for yourself.