If you are reading this article then the chances are that you are the recipient of structured settlement annuity. However, it is understandable that periodical payments may not be sufficient for you and you are looking to sell structured settlement annuity in order to get a lump sum.
You will be allowed to sell structured settlement annuity only when a court approves of it. Hence you will need to convince the judge that you actually have an emergency or a financial crisis that is making you sell. This might not be so easy because what is urgent for you may not be perceived the same way by the judge. Therefore, you will need a good lawyer to help you.
When you decide to sell structured settlement annuity you must make sure that you get the best price. This is because the people who are going to buy are also looking out for maximum profit and the greater your need and urgency the chances of you being taken advantage of also becomes great. Hence, the first rule to get the best price is not let the other party know how urgently you need the cash. The trick is to stay calm and negotiate as if you have all the time in the world. This is one of the best negotiating skills.
However, before you reach the stage of negotiation, you must ask your friends and family for a recommendation. If they have bens satisfied with a company then it is advisable for you too to approach them.
Do some research online about the recommended companies and a few more too. Reading revises and testimonials abut these companies is also a good idea. All you need to do is Google review and the company name. This will make you more confident when you finally meet their representatives. Now, this may sound like childish advice but then you will be surprised how many people just jump into negotiation blindly with just any company.
There are many companies in the industry that are fair and ready to give you the best price but you need to know which. Make a list of the top 5 companies that you may sell structured settlement annuity to and call them to give you quotes. The comparison of quotes will make you make the best decision.
Be ready to hear about a lot of offers form these companies because they will surely try their best to persuade you to decide fast. Do not be trapped into sales gimmick and don’t rush to sell structured settlement annuity. Take some time to think about these offers. Consult with knowledgeable and experienced friends or family members who will help you calculate the pros and cons of each offer. It is all right to sit with these offers for a few days before giving a final answer. Be firm with the buying companies and tell them that you need time to think. Your needs may be urgent but thinking out the various options will help you get the best deal that will go a long way in helping you out with your current problem.