It is not exactly a secret that the real estate market has undergone a lot of turbulence during the past few years. The coronavirus pandemic led to a significant slowdown in the real estate market, as many people had to avoid interacting directly with others. Furthermore, the pandemic saw a significant rise in remote work, […]
If you own property, you must take care of it. That means taking a close look at the land on which your building sits. There are some situations where natural disasters can lead to serious issues. One example is a sinkhole. If you have a sinkhole near your property, you need to know what to […]
Owning real estate has continued to be a good long-term investment and housing option. When you are a property owner, you generally have the freedom to maintain and care for a property in any manner you wish as long as you comply with local safety regulations and other guidelines. In some situations, if there is […]
Your house is an investment, and it is important for you to treat it as such. The time for you to capitalize on that investment is when you go to sell your house. Even though factors such as the age of your house, size of your house, and your location will all impact the value […]
Going through a foreclosure is probably the most stressful experience for any homeowner. You may not only lose your property, but a foreclosure will also have a negative impact on your credit score. In this article, you will learn more about how foreclosure affects your credit score and how to avoid foreclosure. What Is the […]
One of the most stressful and devastating experiences that a homeowner can go through is foreclosure, and pre-foreclose is the first step. Foreclosure is the process during which a lender takes a property back because the homeowner failed to pay their mortgage. One of the worst things about foreclosure is that it destroys the credit […]
At Purple Mountain Holdings, we understand that difficult situations happen in life. In the event that a homeowner cannot keep up with monthly payments on a mortgage, they are at risk of foreclosure. Foreclosure is a legal process in which the bank or lender that set the mortgage and holds the contract will repossess the […]
Believe it or not, it is possible to sell a sinkhole house. This generally requires a sinkhole that can be repaired or has already been repaired, at least if you go the traditional route, but there are other options. We go over some here. Call Purple Mountain Holdings for help selling your sinkhole house. Sinkholes […]
Thinking about selling your house? Then it’s smart to have at least a general idea of what your property is worth. So how do you determine that? There are several factors that help determine the fair market value of your home, including the current real estate market, the home’s location, the condition of your property, […]
You have a property that costs you $2,000 a month. But you can only really rent it out in your area for $1,500 a month. Should you continue renting it at a negative cash flow, or should you sell the property at a loss? It’s a common enough situation. It usually happens when a bubble […]
When you get a divorce, it’s often just easier to sell your property. Sure, you could try to divide it, but should you? Unlike cash, homes cannot be split down the middle. That being said, it can take a lot of time and a lot of work to sell a home. Let’s talk about what […]
If you own a home in Colorado Springs or any other nearby town, and you want to sell it as quickly as possible without spending time and money on preparing it for sale, Purple Mountain Holdings is ready to help you. We are a locally owned business with a passion for real estate. We are […]
It’s estimated that between 5 and 14 million Americans are compulsive hoarders. So if you have a family member or a loved one who suffers from this disorder, you are not alone. If someone close to you is a hoarder and passes away, or you are granted authority over their affairs, you may be wondering […]
Inheriting a property can be an unexpected blessing or a major inconvenience. Either way, it’s typically an emotional process that can be difficult to understand if you’re not prepared. Here is a helpful guide to show you how to sell an inherited property if you suddenly find yourself in the will of a friend or […]
Homeownership is not cheap, and it comes with headaches, such as regular fixes and repairs. The average homeowner spends over $4,000 on emergency and routine repairs. Some repairs are not expensive, while others may cost you a fortune. Here is a list of the most expensive home repairs that any homeowner may have to deal […]
You’re ready to sell your home. But you’ve only experienced the sales process from the other side. What does it actually look like to sell a house? What are you going to need to go through, and how long is it going to take? The “Traditional” Process of Selling a House The traditional process of […]
Facing foreclosure is a scary and stressful experience. Foreclosure is when a lender takes back a property because a homeowner failed to pay their mortgage. The worst thing about foreclosure is its negative impact on your credit score, which lasts up to seven years. That means that if you have experienced a foreclosure, you will […]
If you need to sell your house as is, but it’s sorely outdated or needs a considerable amount of work, selling through traditional realty avenues can be challenging. That’s not to say it’s impossible, but it’ll take some extra work and a hefty dose of patience on your part. Aside from working with a realtor, […]
You listed your home for sale, crossed your fingers, and prayed to the real estate gods for an interested buyer. Unfortunately, that buyer hasn’t made an appearance yet. Despite showing after showing, your house has been sitting on the market for weeks, and try as you might, you can’t seem to figure out why. What […]
If you are a homeowner and are thinking of selling your property, there are certain things you need to take into consideration. These include a variety hidden costs that many home sellers do not know or forget about. Selling a home may cost much more than you think, and you should be always prepared for […]
Are you behind on your mortgage? Worried your lender might foreclose on your house? Then it’s important to understand that the implications of foreclosure extend beyond a negative mark on your credit report. A foreclosed property may also affect your tax liability if you had a net gain as a result of foreclosure. Because the […]
Are you worried about foreclosure? Do you want to sell a house that needs work? Are you looking to sell your house fast because you need to move unexpectedly? Regardless of your reason for needing to sell your home, you may have considered working with a cash-for-houses company. Perhaps you’ve done a little research on […]
So, you have decided to move and need to sell your home. You can either sell it with the help of a realtor or do it yourself. Selling a home yourself — “for sale by owner” — is a great option for those who want to save some money because they won’t have to pay […]
Are you thinking about selling your home but don’t want to go the traditional route and hire a realtor? You are not the only one. Many sellers prefer not to work with real estate agents, and want to save the money a realtor’s commission takes from the sale. The amount can be as high as […]
Do you want to sell your old house that needs some repairs but lack the money for a complete renovation? Selling is still possible. All you need to do is follow the tips in this article prepared by Purple Mountain Holdings, a family-owned real estate investment company located in Colorado Springs. Tip #1 – Do […]
Selling a house is an exciting yet stressful experience. If you’ve decided to sell your property in Colorado Springs, you might have asked yourself: When is the best time to reach the most potential buyers in the real estate market? When is it going to be easier for you? To answer these questions, Purple Mountain […]
If you haven’t paid taxes, a lien can be placed on your home. This can be a huge financial burden. If you want to sell your home, those liens will get paid off first, putting far less money in your pocket. Let’s take a look at what a tax lien ultimately means for you and […]
Pre-foreclosure is exactly what it sounds like: it’s when a house is about to go into foreclosure but hasn’t yet. During pre-foreclosure, there’s a lot that homeowners need to know — about their situation, what they can do about it, and what their rights are. Here’s what you need to know about the pre-foreclosure process […]
You have been living in your home for a while and you still like the place. However, it is no longer what you need or want. So, you probably start asking yourself, “Should I put my home up for the sale and move out, or remodel it and stay?” In order to answer this question, […]
When it comes to selling a home, most people prefer to work with realtors because it is the traditional and proven method used by millions of homeowners. However, working with a realtor is not always a positive experience. There is no doubt that realtors are professionals who know what they are doing and who will […]
When we think about selling our home, we often think about selling to a family or maybe even a young professional. But there’s another option too: selling your home to a home investor. Selling your home to a home investor has a lot of benefits, but they’re also situational. Here’s what you need to know. […]
Your home isn’t your “forever home.” But how do you know when it’s time to sell? Selling a home is a unique, individual process. It depends on the market, your position in life, and your current needs. Here are a few signs that you might be ready. Your Home No Longer Suits Your Needs If […]
There once was a time when people would build their home with their own two hands, and then they would live it in for their entire lives. That tradition largely ended a hundred years ago or so. Today, a house isn’t just where you live. It’s an investment. Because of that, it’s perfectly normal to […]
Buying a house is a huge commitment. Sometimes, first-time homeowners learn that they don’t really want all of the extra work and hassle that comes with owning a house. In other cases, circumstances change, and the house that was great becomes an untenable burden. No matter how you get to the situation, if you want […]
You want to sell your house, but you still have tenants. Maybe they’re on a month-to-month lease. Maybe they have another year to go. Regardless, you’re selling an encumbered property. What’s your next step? Before we even start, you need to know that selling a house with tenants comes with some major challenges. First, showings […]
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