Sell Your Land Note in Collin County, Texas — Complete Guide

Collin County is one of the fastest-growing counties in the entire United States, a sprawling expanse of North Texas real estate that has transformed from quiet farmland into a powerhouse of corporate headquarters, master-planned communities, and upscale suburban living over the past three decades. If you hold a promissory note secured by land in Collin County, you are sitting on an asset backed by some of the most sought-after real estate in the Dallas-Fort Worth metroplex. The decision to sell your land note in Collin County, Texas allows you to convert that asset into immediate cash, capitalizing on the county's extraordinary growth and the premium that note buyers place on collateral in high-demand markets.

Collin County's population has more than doubled since 2000, surging past 1.2 million residents as of recent estimates. This growth has been driven by a remarkable influx of corporate relocations and expansions — companies like Toyota, JPMorgan Chase, Liberty Mutual, PGA of America, and dozens of others have chosen Collin County as their home, bringing tens of thousands of high-paying jobs and creating a self-reinforcing cycle of demand for housing, retail, and services. Cities like Plano, Frisco, McKinney, Allen, and Prosper have become household names in the national conversation about America's booming suburbs, and land values throughout the county have risen accordingly.

Whether your note is tied to a residential lot in one of Frisco's master-planned communities, a rural tract in the agricultural areas of eastern Collin County, or a commercial parcel along the US 75 or Dallas North Tollway corridors, this guide will give you a thorough understanding of how to sell your land note in Collin County, Texas and get the best possible price for your asset.

The Collin County Real Estate Market — Why Note Buyers Pay Attention

Collin County's real estate market has been one of the standout performers in Texas for more than two decades, and the fundamental drivers of that performance — corporate investment, population growth, excellent schools, and quality infrastructure — show no signs of weakening. For note buyers, these fundamentals translate into confidence that the collateral backing your note is sound, liquid, and likely to appreciate over time.

Corporate Relocations and Employment Growth

The corporate migration to Collin County has been nothing short of extraordinary. Toyota's North American headquarters in Plano, which opened in 2017, brought approximately 4,000 jobs to the area and signaled to other companies that Collin County was a premier location for corporate operations. Since then, JPMorgan Chase has built a massive campus in Plano, Liberty Mutual has relocated significant operations to the area, and Frisco has attracted the PGA of America's new headquarters along with the Dallas Cowboys' corporate headquarters and training facility known as The Star. These aren't just big-name tenants — they are employers that pay high salaries, attract talented workers, and create ripple effects throughout the local economy that drive demand for land and housing. For note holders, this employment base means that the borrowers who buy land in Collin County tend to be financially stable and motivated to keep their notes in good standing.

Population Surge and Housing Demand

Collin County's population growth has been staggering. Cities like Frisco have grown from around 33,000 residents in 2000 to well over 200,000 today. McKinney, Prosper, Celina, and Princeton have all experienced similar — though smaller in absolute terms — growth trajectories. This population surge has created enormous demand for housing, which in turn drives demand for land. New master-planned communities seem to appear every year, and the conversion of agricultural land into residential subdivisions continues to push the development frontier further north and east. For note buyers evaluating a Collin County deal, this sustained population growth provides strong evidence that land values will continue to be well-supported and that the collateral behind the note will remain desirable.

School Districts as a Value Driver

Collin County is home to several of the highest-rated school districts in Texas, including Frisco ISD, Plano ISD, Allen ISD, Lovejoy ISD, and Prosper ISD. For families — who make up a large share of the population — school quality is one of the top factors in choosing where to live, and the strength of Collin County's schools drives consistent demand for residential land within these district boundaries. This is particularly relevant for note valuation because it means that residential lots in areas served by top-rated school districts carry a premium that provides additional collateral protection for the note buyer. If your land is within the boundaries of one of these school districts, that association adds tangible value to your note.

Selling Your Collin County Land Note — A Step-by-Step Guide

If you've decided that selling your land note in Collin County, Texas is the right move for you, understanding the process from start to finish will help you move through the transaction efficiently and avoid unnecessary delays or surprises.

Compile Your Note Documents

Start by locating and organizing all documents related to your note. The essential items include the original promissory note, the deed of trust, a detailed payment history, the title insurance policy, and any correspondence with the borrower regarding modifications or payment arrangements. Having these documents ready before you contact a buyer shows that you are a serious, organized seller and allows the buyer to evaluate your note quickly and accurately. A complete document package also reduces the likelihood of delays during the due diligence phase. If you need a detailed list of what to gather, review this resource on documents needed to sell a land note in Texas.

Obtain a Cash Offer

Contact a note buyer who specializes in Texas land notes and provide them with the key details of your note. The buyer will want to know the current balance, interest rate, monthly payment, remaining term, and the borrower's payment history. They'll also need basic information about the property — its location within Collin County, the lot size or acreage, zoning, and whether any structures are on the land. A qualified buyer will use this information to generate a cash offer, typically within 24 hours. When comparing offers, look beyond the headline number and consider the buyer's reputation, close rate, and whether they're purchasing with their own capital or acting as a broker who needs to find a third-party investor.

Due Diligence Process

Once you accept an offer, the buyer will begin their due diligence, which includes ordering a title search, verifying payment records, and conducting a property valuation. The title search confirms that the deed of trust is properly recorded, that you hold the position you claim in the lien hierarchy, and that there are no undisclosed encumbrances on the property. The property valuation assesses the current market value of the land to confirm the loan-to-value ratio. In Collin County, this process benefits from the county's modern records management systems and the large number of title companies operating in the North Texas area. Expect this phase to take one to two weeks for most transactions.

Closing the Transaction

The closing is where the deal becomes official. A title company or closing attorney will prepare the assignment documents that transfer your rights under the note and deed of trust to the buyer. You'll review and sign these documents, the buyer will wire the purchase price to your bank account, and the assignment will be recorded with the Collin County Clerk to make the transfer a matter of public record. The entire process from first contact to funding typically takes two to four weeks. For a clean, well-documented note backed by a performing borrower and a strong property in Collin County, closings can sometimes move even faster.

Factors That Determine the Value of Your Collin County Land Note

The price you receive for your note is the result of a careful analysis that weighs the note's financial terms, the borrower's reliability, and the strength of the underlying collateral. Understanding these factors will help you gauge whether an offer is reasonable and identify opportunities to improve your note's marketability before you sell.

Financial Terms of the Note

The interest rate, monthly payment, remaining balance, and remaining term are the core financial parameters that drive a note's value. Higher interest rates generate better returns for the buyer, which translates into a higher purchase price for you. A shorter remaining term reduces the buyer's exposure to long-term risk and can also improve the offer. Fully amortizing notes are generally preferred over interest-only or balloon structures because they provide a clear, predictable cash flow. However, Collin County's strong market means that even notes with less conventional structures can find willing buyers, particularly if the collateral is in a desirable location and the borrower has a solid payment track record.

Borrower Reliability and Seasoning

The borrower's history of making on-time payments is one of the strongest indicators of note quality. A well-seasoned note — one with 24 or more months of consistent, on-time payments — demonstrates that the borrower is both willing and able to meet their obligations, which dramatically reduces the buyer's perceived risk. If your note has a strong seasoning record, be sure to highlight this when presenting the note to potential buyers, as it can meaningfully improve the offer you receive. Conversely, a note with missed payments or a thin seasoning history will face a larger discount, though it can still be sold if the other factors are favorable.

Property Location and Market Position

In Collin County, the specific location of the property within the county has a significant impact on note valuation. A residential lot in Frisco's highly desirable Stonebriar or Newman Village areas commands a different valuation than a comparable lot in a developing area near Celina or Princeton. The proximity of the property to employment centers, major highways like US 75, the Dallas North Tollway, and the Sam Rayburn Tollway, as well as its school district assignment, all factor into the buyer's assessment of collateral strength. Properties in established, high-demand areas provide better collateral coverage and typically result in smaller discounts when the note is sold.

The Collin County Premium

Collin County land notes often benefit from what might be called a "premium market" effect. Because the county's real estate market is so strong and the demand for land is so robust, note buyers are willing to accept lower yields on Collin County deals compared to notes backed by property in less desirable areas. This translates into smaller discounts for sellers, which means more cash in your pocket. The county's consistently high property values, strong employment base, and excellent quality of life create a level of confidence among note buyers that is hard to match in most other Texas counties, and that confidence directly benefits note holders who are looking to sell.

Collin County Sub-Markets — A Detailed Look

Understanding the specific sub-market where your property is located can help you set realistic expectations and position your note for the best possible offer. Collin County contains a range of sub-markets, each with its own character, price points, and growth dynamics.

Plano — The Corporate Anchor

Plano is the largest city in Collin County and the economic anchor of the region. Home to the headquarters of Toyota North America, JPMorgan Chase's major campus, Liberty Mutual, Frito-Lay, and numerous other companies, Plano has a deep employment base that supports strong and consistent demand for land. The city is largely built out, which means that available lots are scarce and valuable. Notes backed by property in Plano are highly attractive to buyers because the collateral is in a mature, supply-constrained market where land values are well-established and unlikely to decline significantly. If your note covers a Plano property, you can expect a competitive offer that reflects the city's premium market position.

Frisco — The Growth Star

Frisco has been the headline growth story of Collin County and arguably the entire state of Texas. The city has grown from a small town of 33,000 at the turn of the millennium to a major city of over 200,000, and it shows no signs of slowing down. The Dallas Cowboys' Star complex, the PGA of America headquarters, and the Universal Studios theme park currently under development all contribute to Frisco's profile as a world-class destination. Land values in Frisco are among the highest in the county, and notes backed by Frisco property benefit from the city's extraordinary desirability. The demand for residential lots in Frisco's master-planned communities is fierce, and that demand provides strong collateral support for note transactions.

McKinney, Allen, and Prosper — The Rising Stars

McKinney, Allen, and Prosper have each carved out their own identity within the Collin County landscape while benefiting from the same growth dynamics that have lifted the entire area. McKinney's charming historic downtown, combined with its extensive new development on the western side of the city, has made it one of the most desirable mid-size cities in Texas. Allen is known for its excellent schools and family-friendly atmosphere, while Prosper has evolved from a tiny farming community into one of the most affluent suburbs in the metroplex. Land values in all three cities have appreciated significantly, and notes backed by property in these communities are well-received by buyers who recognize the area's sustained growth trajectory and strong demographic fundamentals.

Eastern Collin County — Farmersville, Princeton, and Celina

The eastern and northern portions of Collin County, including communities like Farmersville, Princeton, and Celina, represent the current frontier of the county's outward expansion. These areas are transitioning from agricultural land to suburban development, with new housing starts, retail construction, and infrastructure investment accelerating rapidly. Land values here are lower than in the established western suburbs, but they have been rising quickly as the development wave moves eastward and northward. Notes backed by property in this part of the county may carry slightly larger discounts than those in Plano or Frisco, but the growth potential is substantial, and savvy note buyers recognize the opportunity. If your note is tied to land in one of these emerging communities, you can still expect a fair offer, particularly if the note has a strong payment history and favorable terms.

Why Work with a Direct Buyer for Your Collin County Note

When selling a land note, you have the choice of working with a direct buyer or going through a broker. While both options can result in a completed transaction, the differences between them can have a meaningful impact on how much cash you ultimately receive and how smooth the process is from start to finish.

Direct Buyers Offer Certainty and Efficiency

A direct buyer purchases your note with their own capital, which means they have full control over the pricing, due diligence, and closing process. There is no need to wait while a broker shops your note to potential investors, and there is no risk that the end buyer will back out or renegotiate the terms. Longhorn Note Buyers is a direct buyer that has been purchasing Texas land notes since 2007, and our 100% close rate on quoted deals reflects the certainty and reliability that we bring to every transaction. When we give you a quote for your Collin County land note, that number is backed by our own funds and our commitment to following through.

Brokers Add Layers of Cost and Uncertainty

A broker, by contrast, acts as an intermediary who earns a commission or fee by connecting you with a buyer. This commission comes directly out of the purchase price, which means less money in your pocket. Additionally, the broker's buyer still needs to complete their own evaluation and due diligence, which can introduce delays and the possibility that the deal falls apart if the end buyer decides to pass. For Collin County notes, where the collateral is strong and the market is well-understood, there is little reason to involve a middleman when you can work directly with an experienced buyer who knows the territory and can move quickly. For a more thorough comparison of these two approaches, read this guide on direct buyers versus brokers for Texas land notes.

Ready to Sell Your Note?

Selling your land note in Collin County, Texas is a smart financial decision that can turn a long-term receivable into immediate cash. The Collin County market is one of the strongest in Texas, and notes backed by local land are in high demand from experienced buyers who understand the premium value of this rapidly growing region.

At Longhorn Note Buyers, we have purchased more than $46 million in Texas notes since 2007, and we bring a perfect 100% close rate to every transaction we undertake. Our founder, Nick McFadin, has been buying notes since 1983 — more than 40 years of experience that we put to work on every deal. We are based in Texas, we buy exclusively in Texas, and we understand the Collin County market as well as anyone in the industry.

Call us today at (210) 828-3573 or visit longhornnotebuyers.com to get a free, no-obligation cash offer on your Collin County land note. When you sell your land note in Collin County, Texas through a trusted direct buyer, you get the best combination of price, speed, and certainty available in the market.

Frequently Asked Questions About Selling a Land Note in Collin County, Texas

How much of a discount should I expect when selling my Collin County land note?

Discounts on performing land notes in Collin County typically range from 8% to 25% of the remaining balance. Notes with strong payment histories, high interest rates, favorable loan-to-value ratios, and collateral in desirable locations like Plano, Frisco, or McKinney tend to receive offers at the lower end of that discount range. Notes with less seasoning, lower interest rates, or property in less established areas may face larger discounts. The best way to determine what your specific note is worth is to request a free quote from a direct buyer who can evaluate all of the relevant factors and provide a transparent explanation of their pricing.

Can I sell my note if the property is still undeveloped land?

Absolutely. Many of the land notes sold in Collin County are backed by raw or undeveloped lots that the borrower purchased with the intention of building in the future. Note buyers are experienced in evaluating undeveloped land and will base their assessment on factors like the property's location, zoning, utility access, road frontage, and the overall development trajectory of the surrounding area. In Collin County, where undeveloped land in the path of growth can appreciate significantly, these notes are attractive to buyers who understand the market's direction. The discount may be somewhat larger than for a note backed by improved property, but you can still expect a fair and competitive offer.

What if my borrower wants to pay off the note early?

If your borrower pays off the note before you complete the sale, you would receive the full remaining balance directly from the borrower, which is typically a better outcome than selling at a discount. However, if the borrower has expressed an intent to pay off the note but hasn't actually done so, you face the uncertainty of when — or whether — that payoff will actually happen. Selling the note allows you to get your cash immediately rather than waiting for the borrower to follow through. If the borrower pays off the note after you've already sold it, the new note holder receives the payoff — at that point, the transaction is their responsibility, not yours.

Does Collin County's rapid growth guarantee a good price for my note?

Collin County's growth creates a favorable environment for note sellers, but no market guarantees a specific price. The offer you receive will still depend on the individual characteristics of your note — the interest rate, borrower performance, LTV ratio, remaining term, and property specifics. What Collin County's growth does is provide a strong foundation of collateral confidence that supports better offers and smaller discounts compared to notes in less dynamic markets. Think of the county's growth as a tailwind that lifts the value of every note in the area, though the specific altitude depends on the particulars of each deal.

How do I know if a note buyer is legitimate?

There are several ways to verify the legitimacy and reliability of a note buyer. Check for a Better Business Bureau rating — Longhorn Note Buyers carries an A+ rating, which reflects our commitment to ethical, transparent business practices. Ask the buyer how long they've been in business and how many notes they've purchased. Request references from past sellers if possible. Verify that the buyer is purchasing with their own funds rather than brokering to third parties. And pay attention to the buyer's communication — a legitimate buyer will be transparent about their process, willing to answer your questions in detail, and upfront about how they arrive at their pricing. If a buyer is evasive, pressures you to move quickly, or quotes an unusually high price that seems too good to be true, those are red flags worth paying attention to.