Direct buyer vs. online marketplace — two fundamentally different ways to sell a note
NBOA buys notes directly with guaranteed offers. Paperstac is a marketplace where you list your note and hope investors bid. Here's what that means for you as a seller.
NBOA is a direct note buyer — we make you a cash offer and close the deal ourselves. Paperstac is a marketplace platform — they connect sellers with potential investors but do not purchase notes. This fundamental difference affects pricing certainty, speed, fees, and risk.
| Factor | NBOA | Paperstac |
|---|---|---|
| Type | Direct buyer | Marketplace platform |
| Founded | 1997 (29+ years) | 2015 (10 years) |
| Guaranteed Offer | Yes, within 24 hours | No — depends on investor bids |
| Closing Timeline | 21 days avg (5-day fastest) | Variable (buyer-dependent) |
| Close Rate | 100%* | N/A (marketplace) |
| Seller Fees | $0 | 0.15–1% + $250 min + escrow |
| Price Guarantee | $500 Better Offer Guarantee | None |
| Technology | AI-powered pricing | Digital marketplace + eNotarization |
| BBB Rating | A+ Accredited | A+ (Not Accredited) |
*On deals without title or legal defects.
This is the most important difference. When you contact NBOA, you receive a guaranteed cash offer within 24 hours. Once accepted, the deal has a 100% close rate (on clean titles). You know exactly how much you're getting and when.
With Paperstac, you list your note on their marketplace and wait for investor interest. There's no guarantee that anyone will bid, no guaranteed price, and no guaranteed timeline. If your note doesn't attract investor attention, it simply sits unsold.
NBOA charges zero seller fees. We cover all closing costs — appraisal, title work, and processing. The offer you accept is the amount you receive.
Paperstac charges sellers a sliding-scale service fee (0.15% to 1% of the sale price, with a $250 minimum) plus an escrow fee of $250 per party on transactions under $100,000. On a $50,000 note sale, you'd pay at least $500 in platform fees before receiving your funds.
Example: On a $75,000 note sale, Paperstac fees would be approximately $750 (1% service fee) + $250 (escrow) = $1,000 in platform costs. With NBOA, your cost would be $0.
Paperstac does offer genuinely innovative technology. Their digital closing process includes eSignature, eNotarization (valid in 49 states), digital escrow, and automated collateral audits. For tech-savvy investors who trade notes frequently, the platform is well-built.
NBOA's technology focuses on the other side of the equation — pricing accuracy. Our AI platform cross-references comparable sales, property data, and borrower metrics to generate competitive offers quickly. The technology serves the seller's core need: getting the best price fast.
Paperstac is best suited for note investors and brokers who trade notes regularly and are comfortable with marketplace dynamics. If you're a professional note trader with multiple assets to move and time to wait for the right bid, the platform makes sense.
NBOA is built for note holders who want to sell — individuals or businesses holding one or a few notes who want a guaranteed price, fast closing, and zero fees. If you need certainty and speed, a direct buyer is the better path.
NBOA and Paperstac solve different problems. This isn't an apples-to-apples comparison.
No. Paperstac is a marketplace platform where note sellers list their notes and investors bid on them. NBOA is a direct note buyer that provides guaranteed cash offers within 24 hours.
Yes. Paperstac charges sellers a service fee of 0.15% to 1% of the sale price ($250 minimum) plus an escrow fee of $250 on transactions under $100K. NBOA charges $0 in seller fees.
Selling to NBOA means receiving a guaranteed cash offer within 24 hours with a 100% close rate, $0 fees, and an average 21-day close. Selling on Paperstac means listing your note on a marketplace, hoping for investor bids, paying platform fees, and managing an uncertain timeline.
No listing fees. No waiting for bids. Just a fair cash offer backed by our $500 guarantee.