Once you have made the decision that selling your structured settlement is an option you want to consider, you should begin to prepare yourself for the selling process. In particular, this means preparing to meet with a buyer of structured settlements. Because this is uncharted territory, there are certain steps you should take to better equip yourself for this meeting.
The first phase of groundwork is to educate yourself on the selling process. Although the buyer will happily provide this information to you, it is a better idea to have an idea what you are walking into beforehand. The reasons for this are numerous – one, you do not want your knowledge to hinge on a buyer’s honesty or forthrightness; and two, you want to know if you are getting the raw end of the deal. Having the proper information and being educated on the process will better improve your chances of getting a higher offer to begin with, as the buyer knows you are serious, and gives you the tools to know when to walk away from a deal.
You should also have an idea what you want out of the sell; in other words, how much do you want to be paid for your structured settlement? This may sound simple, but oftentimes, people do not know what to ask for and, therefore, take the very first offer on the table. They let the buyer dictate the price because they are not adequately prepared for a negotiation. Granted, some companies may be inflexible in their purchase terms, but you never know until you ask. Of course, if this is the case, you always have the option to walk away and go to a company that is willing to work with you and meet some, if not all, of your terms.
To learn more about finding a buyer of a structured settlement payment , Joshua Shapiro recommends Structured Settlement Sell.