The common mistake of annuitants or structured settlement holders when selling their structured settlement is to grab the first offer they get from a structured settlement buyer. You need money and you need it ASAP but this doesn’t mean you’ll get less from the sale of your structured settlement. Why do you need to avoid grabbing the first offer?

 

This is business. Most structured settlement buyers will buy your structured settlement for the least amount possible. They are profit oriented and they want to maximize their ROI as much as possible. So make sure to compare different offers.

 

 

There are other good offers. There are buyers that are willing to sacrifice part of their profit and to be able to give good offers. These buyers are normally the rookies or small companies just starting in the business.  They may not have as many resources as big companies but they can definitely deliver. Just make sure to check the legitimacy of the buyer you’re dealing with. 

 

It is always prudent to wait.  They say patience is a virtue. It is not bad to wait for good offers and it is always wise to give time checking on the information provided by the structured settlement buyer. Rushing will only make it easier for some people to take advantage of your need. Don’t let people take advantage of your need for immediate cash. Always clarify important aspect of the sale. Are there fees or expenses that will be charged against you or is it covered by the buyer? Sometimes fees and other expenses are charged against the annuitants without them knowing it. Always fin time to check the terms of the sale of your structured settlement.