8 Tips for Getting Out of Debt Quickly

Getting Out of Debt Quickly Everyone feels weighed down by additional debt. But there are ways that you can get out of debt quickly and start moving on with your life. Here are 8 tips to help you get out of debt quickly:

1. Set Up a Loan Consolidation

Consolidate your debts into a single, low monthly payment, so you’ll be able to put money towards it faster and pay it off sooner. A loan consolidation reduces the interest rate that you’re paying for your debt and makes your debt more manageable overall.

2. Sell Your House

You can sell your house with us at Purple Mountain Holdings and immediately repay your debts. Selling a house and getting out of debt can be a great way to acquire freedom. With us, you don’t need to make any renovations to your property. You get to just walk away.

3. Get a Second Income

Getting a second job and then paying off your debts with that second job is a great way to start paying off your debts faster. You don’t have to keep that second job. It can be a temporary “rush” to pay off your debts, after which you can go back to your regular lifestyle.

4. Make Sure to Budget

Before you do anything else, download a budget app and take a look at how much income you can put towards your debt. By eradicating payments that are unnecessary, you may be able to find ways to pay your debt faster.

5. Negotiate With Creditors

Sometimes creditors will let you pay off your debt through settlements. A settlement usually has to be paid off right away, but the benefit is that it’ll be for a lower amount. You might be able to settle a medical debt for $2,000 on $20,000. Different types of debt are usually better for settlements than others. Medical debts are frequent. Personal loans may be harder.

6. Have a Sale

Having a garage sale and taking items to the pawn shop is a great way to get out of debt quickly. You can start selling your goods right now and putting all the money towards debt, as it’s essentially extra money. Take a look at what you have in your house that you don’t really need, especially larger items such as a piano you never play, or a second car that you’ve just been holding onto.

7. Declare Bankruptcy.

When the situation is truly untenable, you can think about something like bankruptcy. Bankruptcy isn’t an ideal process because it does hurt your credit score and it hurts it for quite a while. But it does give you a blank slate that you can move forward from, and it is one of the fastest ways that you can get out of debt quickly and start to rebuild.

8. Work With a Credit Counselor

Credit counseling companies take a look at your current financial situation and tell you the best ways to start managing that financial situation. If you feel as though you’re never making progress with your debt and you don’t know where to start, a counseling agency can be a good start.

The bottom line is that if you want to pay off your debt quickly but you don’t want to have to do something like declare bankruptcy, you need access to funds. One of the best ways to do this can be to sell your home. If you’re thinking about selling your home, contact Purple Mountain Holdings for a no obligation consultation and quote. We’ll tell you how much we can give you for your home in cash right now, and you’ll be well on your way to resolving your debts.

Questions to Ask When Selling A House

Selling A HouseIf you’re selling a home for the first time, chances are you’ve got questions. That’s okay, because Purple Mountain Holdings is here to help. We work with homeowners just like you every day. Here are some important questions to ask when selling a house, along with their answers:

1. Is it the Right Time to Sell?

You need to look at the market. Is it a buyer’s market or a seller’s market? Try to remember anything you learned about supply and demand in school. If homes are abundant on the market today, then your home may not sell quickly or for as much as you’re hoping.

2. What Type of Home do you Want to Buy?

Many homeowners have a clear picture of their next home in their minds. Do you? If you’re selling, your goal is to buy a larger house for a growing family or to downsize after the children move out. Either way, you’ll need to look at the bigger picture.

3. Are Home Repairs or Renovations Necessary?

Believe it or not, home repairs and renovations are not completely necessary when selling your home. Sure, many real estate agents will request you make a few repairs to liven up the place. But if you’re selling with a local real estate investor, like Purple Mountain Holdings, then you don’t need to make a single repair.

4. What’s the Timeline?

Many homeowners, perhaps yourself included, have a precise timeline in mind. You want to sell by the end of the month, within six months, or by the end of the year. If you want to sell fast, then you’ve come to the right place.

Here at Purple Mountain Holdings, our goal is to help you sell your house in Colorado sooner and for more money. In the past, we have helped homeowners sell within weeks, not months, for cash. Give us a call now at 719-476-2727!

Sell Your House Despite Your Pets

Sell Your House DespiteMany homeowners have pets, but not everyone will adore your four-legged friend. Some home buyers want a pet-free environment without the odors, dander, and scratch marks on the hardwood floors.

If you have a pet in your home, chances are you’ve got your work cut out for you. It’s not the end of the world, though. You can still sell your house despite your long-lasting friendship with members of the animal kingdom.

Regular Cleanup and Care

  • Owning a pet of any kind is a huge responsibility. Let’s face it, pets can also lead to extensive damage throughout the home and yard. For instance, if your dog is not properly trained, it may leave behind scratch marks on the doors and hardwood flooring.
  • Pick up after your pet — Clean even the smallest of messes quickly and thoroughly to avoid lasting odors or stains.
  • Clean the home’s exterior — Keep your yard in order and free of droppings or torn-up grass clumps.
    Put away pet supplies — Keep your pet supplies locked away in a cupboard or cabinet.
  • Deep clean your home — Every once in a while, but especially before trying to sell, give your home a deep cleaning.
  • Put your pet away — During routine home showings, put your pet away or have someone pet sit them for a time.
  • Make prompt repairs — If your dog, cat, or bird has scratched up any of the surfaces in your home, make prompt repairs before you sell.

When the time comes to sell your home, find a buyer who can look past any noticeable pet damage. Call Sell My House Today at 719-476-2727. We do not require any costly repairs or renovations to your home before we buy it!

Tips to Let Your Home Sell Itself

Home Sell ItselfYou likely know from past experience or horror stories from friends and family that selling a home is no easy chore. In fact, people often say that selling a home is far worse than buying one. We beg to differ. Here are a few tips to make selling a home easier than ever.

Start in the Kitchen

If there is a single room in your home most likely to invite a quick home sale, it’s the kitchen. Everyone converges on the kitchen. In fact, some buyers make their entire decision based on the features and size of the kitchen.

  • Clear off the top of the refrigerator and leave a single decorative item in place.
  • Remove any and all refrigerator magnets, photographs, report cards, or children’s artwork.
  • Clear off the countertops, putting all appliances out of sight, and leave a few decorative items as showpieces.
  • Remove your pot rack, as it gives the impression that your kitchen doesn’t have enough storage.
  • Remove any clutter around the kitchen sink (bottles of dish soap, rags, scrub brushes, etc.)

Repairs Are Key … Or Are They?

When you sell your home, everyone is going to tell you to make repairs and renovations. They’re expensive, though. Start small. If you really want to make repairs, consider these options:

  • Minor Repairs — Repair a dripping faucet, old carpet, or a living room wall in need of paint.
  • Insulation — Consider replacing attic insulation, which will pay for itself.
  • Front Door — Replacing a ratty front door with a steel one will wind up recuperating most of the cost when you sell.

Again, repairs are not necessary to sell your home.

If you want to avoid costly repairs and sell your house easier and faster, call Sell My House Today. You can reach us at 719-476-2727 for a cash offer within 24 hours!

Is Selling a Home Overwhelming?

When you imagine selling your home, you dream of opportunity — the opportunity to buy a larger house, to travel, to move to a new city. The possibilities are endless. What most don’t imagine, however, is the hardship that stems from selling a home. It is an often tough, overwhelming experience for most.

Factors That Affect Your Home-Selling Experience

Selling a house via traditional methods is a hassle unless you know exactly what you’re doing. If you know what to expect, then you may be just fine throughout the process. But that’s not the case for most people.

Here are a few factors that make selling a home tough for homeowners:

  • Inexperience — Whether you’ve never sold a home before, sold long ago, or sold in another state, inexperience can be your downfall.
  • Time — Selling a house is demanding and time consuming. If you’re busy with work, family, and your social life, fitting in time to prepare, market, and sell a house is a challenge.
  • Market — Trying to sell a house in a buyer’s market is a challenge unlike any other. You’ll need to lower your expectations because buyers have all the power in a buyer’s market.
  • Repairs — You may not have the money or time to make necessary repairs to appropriately market your home.
    Rental — If your home is being used as a rental, that brings about a slew of new challenges to face during the home-selling process.

When you look at all the variables that affect the home-selling process, it’s easy to see the scope of such an undertaking. You’re not alone. You’re also not forced to work with a real estate agent, who will certainly take a cut of your profits.

Your other option is to call Sell My House Today. We want to buy your house for more money and in less time. Give us a call at 719-476-2727!

Why You Need to Call a Real Estate Investor

Real Estate InvestorWhen the time finally comes to sell your home, you have two options. You could call up a real estate agent in town and work with them to sell your property. Of course, they’ll take quite a cut of your profits with their fees and commissions.

Alternatively, you could sell to a real estate investor. That way, you’ll get all of the money from the sale without the hassle of finding a buyer.

The Benefits of Selling to a Local House Buying Company

It’s Easier — If your home requires a lot of work before you can turn a profit, you’ll ultimately wind up losing cash during the sale because of the renovations. A real estate investor will buy the property in its current condition.

No Agents — With the abundance of real estate agents both locally and online, finding the right one is tough. Again, they all want a cut of the sale, too. With our method, you don’t need an agent. You don’t need to pay one. We work with you directly.

Guaranteed Sale — By opting for the traditional route, you’re not guaranteed a sale anytime soon. But by working with an investor, you’re guaranteed an instant sale the moment you call. In fact, you’ll receive a cash offer within 24 hours of calling the office.

If you want to make the most money when selling your home in the least amount of time, it’s time to call Sell My House Today. We can help you move fast with our cash offer within 24 hours. Once you call, we’ll arrange a meeting with you to take a look at your home. You’ll then get an offer from us!

Call 719-476-2727!

The Hidden Costs of Selling a Home

Believe it or not, it costs money to sell a house. It’s probably more than you’re expecting, too. There are selling fees, which may be up to 10 percent of the total sale, then the commission, home repairs, and so much more. Selling is a hassle—a costly hassle. 

Real Estate Agent Fees

Working with a real estate agent is the most common route when selling a home. After all, the agent does a lot of the work for you. However,  you’re expected to pay for their work. It’s not hourly, either.

A real estate agent will have you sign a contract where you promise to pay their fees and a lofty commission at the time of sale. A good portion of the money you receive will go into their pockets. That’s less money for you to use for your next home or your family.

Home Repairs

To ensure you receive the most money for your home, you may consider making home repairs. However, these repairs can be expensive. You’re looking at painting, which could be up to $2,000. Then, there’s interior and exterior cleaning. That’s another $1,400.

All of that money is a loss to you, as you won’t get all of it back when you sell. The buyer gets all of the benefits.

Staging Costs

On average, staging a home for sale costs nearly $700. Essentially, staging just makes your home look nice. The furniture is placed in a way that allows the buyer to pass by quickly and easily to imagine their own furniture in its place.

Again, you’re not making any money back by staging.

If you want to make the most money for your home at the time of sale, call Sell My House Today. We offer a quick cash offer within 24 hours for your house when you call 719-476-2727!

Surprising Reasons to Downsize Your Home

Surprising Reasons to Downsize Your HomeAs you get older and the children start to move out, you realize you don’t need a massive home with numerous empty rooms. After all, your children are away at college and starting lives of their own. Every empty room is costing you money.

With that in mind, most homeowners consider downsizing. According to recent studies, one in four Americans wants a smaller home. They’re selling larger homes to move into smaller, more convenient spaces. Here’s why!

There’s Money in Downsizing

One of the most surprising reasons to downsize your home is because there is money to be had. That’s right—selling your big home and moving into someplace smaller can earn you quite a bit.

For example, what do you do with your belongings and possessions that won’t fit into a smaller property? You sell them!

Simplify Your Lifestyle

With a big home, you’re tacking on hours each week in maintenance, landscaping, and cleaning. With a smaller home, you’re cutting down on those hours of work.

With less time spent toiling away around the house, you can simplify your lifestyle and invest time and money into hobbies, date nights, vacations, and more with your significant other.

It’s Environmentally Friendly

A little-known fact about downsizing is that it is environmentally friendly. With a small home, your heating and cooling costs decrease, as does your water use, thereby wasting less energy and resources overall.

In the end, you’re paying less money, which is good for you and your wallet. At the same time, you’re using fewer resources, which is beneficial to the environment. It’s a win-win for everyone and everything involved.

If you’re ready to downsize your home and live life more comfortably, consider selling your house today. At Sell My House Today, we want to offer you cash for your property. To get started, call 719-476-2727!

What Happens When You Can’t Pay Your Mortgage

You Can’t Pay Your MortgageLosing your job is extremely tough. We truly feel for you. Despite your loss of work, you still need to make on-time payments to your mortgage company. They expect their money each month, and you cannot be late. If you’re late, there are often fees, and you risk losing your home.

Thankfully, most mortgage companies are willing to work with you. After all, if they don’t, they don’t receive your money. Their business relies on your cash.

Work Out a Payment Plan

If you want to keep your home but cannot make the monthly mortgage payments on time, consider working out a new payment plan with the mortgage company. Inform their office about your job loss or reduced work hours and negotiate a better plan to fit your new income.

In some cases, a lending company may accept partial payments until you get back on your feet. Some even have programs to suspend mortgage payments altogether for a short while.

Sell Your Home

If you’re not particularly attached to your home, you may consider downsizing. You have the option to sell your house for cash, repay the mortgage, and then move into an apartment or a smaller home while you find new work. If you’re already well behind on your monthly payments, and your house is due for foreclosure, you’re still not out of luck.

A real estate investor in the area is able to work with the bank or lending company and can buy your house all at the same time. You’ll likely need to repay a good chunk of the mortgage using the proceeds of the sale, but you’ll be out of hot water.

Are you ready to sell your house? If you can’t pay your mortgage, something must be done. Call Sell My House Today at 719-476-2727.

Selling Your Home As-Is to Avoid Costly Repairs

Selling Your Home As-Is to Avoid Costly RepairsIf you want to sell your home with a real estate agent, then you’re looking at some hefty costs. First, you’ll need to account for the fees and commission of the agent. Of course, that’s not all. Selling your house on the market in the traditional way often means paying out of pocket for repairs and renovations. Your realtor will request such work. After all, they have a stake in your home.

If you’re unable to pay for costly repairs or renovations and don’t want a realtor taking a sizeable cut, then you’re in luck. There’s another way to sell your house without handing over a ton of cash beforehand. You could sell to a real estate investor.

Selling a Home As-Is

Chances are, your property has seen better days. It might need a fresh coat of paint, a new front door, a bit of landscaping, or perhaps all-new lighting and plumbing. Now is a tough time to be undergoing extensive, costly renovations. The challenge of selling a home is already too much for many homeowners to tackle. Plus, there’s no guarantee you’ll see a return for all that work.

Find an Investor

Today’s top real estate investors in the area provide options most homeowners enjoy. You don’t need to pay for repairs or renovations. You just need to pick up the phone and call.

Real estate investors invest in the community. They purchase your home for a reasonable price, then use their own money to pay for repairs or renovations with a local contractor. With the work done, they sell or rent out the home.

If you want to avoid costly repairs, sell your house as-is with Sell My House Today. Give us a call at 719-476-2727!