Seller Financing - Should I sell the note?

[Sam Grooms]

I'm selling a piece of land to a developer, with $200k of the sales price being seller financing. It's due in 12 months (will likely only take them 9 months) at 10% interest paid quarterly. 

I can get a higher return on my money on other projects, so I'm considering selling the note. 

First, are buyers of notes interested in buying such a short term note? If I do sell it, should I find the buyer before we close next week, or should I sell it after we close? 

I've never dealt with notes before (but I do have a finance and accounting background), so any advice is welcomed. 

[Jay Hinrichs]

The builder saw you guys coming  LOL... that's a builders dream... most sellers simply wont do this.. I know I would never take a second back from a builder behind a first daddy taught me that 35 years ago  LOL...   so just stand pat.. it will probably go find you will get your payoff and your 10% ...   but like I said try to  list it on FCI and see what happens never know.. but for sure you wont get anyone to bid it down .. that simply wont happen

going interst rate you should have charged for that scenario is 15 to 18%  not 10  ... unless you sold the dirt for a lot more than you could have if you would have taken cash.