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 […]
Are you thinking about selling your house? If you haven’t gone through the process before, you should know that it’s a major financial event with many moving parts. One of the most important things to understand is what will happen to your mortgage when you sell. We’re going to break that down for you right […]
You’re moving, but there’s one catch. What do you do with your existing house? You can rent it or you can sell it. It’s a hard question to answer, and can be complicated by several factors. Let’s talk about the pros and cons of each. Renting Isn’t for Everyone Renting is expensive and time consuming. […]
In Colorado, there are two ways that a lender can foreclose: judicial foreclosure and nonjudicial foreclosure. But foreclosure isn’t a black-and-white process. If you’re about to go into foreclosure, the situation may be more complicated than you think. Here is what you need to know about the foreclosure process in Colorado: Lenders Have Different Rules […]
Your house has been on the market for months, but it just won’t sell. You’ve watched other houses on your block hit the market and within just a few days they’re snapped up. What’s going on with your property? Why won’t it sell? Every property is unique, and every market is unique. But there are […]
Sometimes it’s unavoidable. Perhaps your house just got away from you. Maybe a sinkhole suddenly appeared. Maybe you inherited a long-neglected house from a distant relative. Regardless of the situation, you could have a home that’s about to be condemned. What does that mean to you? No One Can Live in a Condemned Home When […]
There are serious consequences to going into foreclosure. Not only could you become responsible for large fines, penalties, and legal costs, but you could also find yourself unable to purchase another home for years. Foreclosure is always the last thing you want to happen, but many feel powerless to prevent it. You shouldn’t; there are […]
As a home seller, you know that whether your buyers have a mortgage or not, they’ll be presenting you with cash. So what makes a cash offer so important? After all, it’s going to become cash anyway, right? The truth is, a cash offer is objectively better than any other type of offer. Here’s why. […]
If you’re ready to sell your house, you have a lot of work to do. Markets are unforgiving, and whether housing is hot or cold right now, you can expect some wait time and some elbow grease to be parts of the equation. If you want to sell your house as quickly as possible, that […]
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 […]
If 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 […]
Many 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, […]
You 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 […]
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 […]
When 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. […]
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 […]
As 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 […]
Losing 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 […]
If 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 […]
The time has finally come. You’re preparing to sell your home. As you start making plans, you notice that parts of your house are in disrepair. You may need to update the lighting, paint the exterior, or address dry rot. Whatever the case, no one said selling a home would be easy, at least if […]
For many, the process of selling a home rivals that of buying a home. It can be even more stressful and exhausting since you’re hoping to get a nice chunk of change for your investment. If you don’t get any bites, you’re stuck. The pressure is on. Before you start second-guessing yourself and lose confidence, […]
To many, selling a home is more challenging a process than buying a home, but that’s not to say the process is often convoluted and challenging to undertake. If you’re selling a house traditionally, by the owner or with a listing agent, the path is pretty straightforward. Selling a House The more traditional method can […]
While a lot of the marketing for real estate investment is focused on buying and selling ‘ugly’ homes, that’s not always the case. For many homeowners, an old home is just difficult to sell on the housing market. There are too few buyers looking to invest in a fixer-upper. But a real estate investor? They […]
There has long been a certain stigma surrounding real estate investors. Yes, there are a lot of amateurs in the business. They advertise their home-buying services on the side of a road, with a shoddily-made sign stuck into the grass. These are not the majority, though. The majority of real estate investors are extremely professional […]
When you inherit your home, the property is typically worth more than what it once was. This excess worth is known as equity. If you were to then sell the home, you could endure huge capital gains taxes. Thankfully, when inheriting property of any kind, the property tax basis is increased to the current value […]
Even a small fire in your home can lead to serious damage. The building itself is often badly damaged by flames, smoke, and water from the fire department.
You’ve probably taken steps to minimize damage from severe weather, but you could wind up with more damage than you bargained for. The occasional wind storm can have a significant impact on the overall durability of your home. However, you can mitigate the damage by knowing where to examine after a severe wind storm. First […]
Selling your home may be a big task, and choosing to sell your home yourself is definitely a daunting decision. But with some key information and basic knowledge of the process, you can set yourself up for success and a great experience. Here are some points to focus on as you prepare to list your […]
An appraisal is an important part of selling your home. It is an evaluation of your home’s monetary value by a licensed industry professional. The appraisal provides documentation to all interested parties that your home is worth the price it’s listed for. There are some factors that can affect the appraisal, and there are some […]
Everyone places different value on different criteria. Whether your’re choosing between new cars or picking out your favorite candy bar, no one size fits all. What makes real estate wonderful is the inherent uniqueness of each house. No two are made the same. While you could argue that there are multiple instances of any given […]
I bet you’d be surprised to find out some of the people who have sold us their houses. Most of the clients we work with are people just like you. While there are some extenuating circumstances that we are familiar with such as inheritance, probate, wills, foreclosure, and the like, the vast majority of people […]
Of course we buy houses, we buy all kinds of houses. Large and small, old and new, pretty and well…un-pretty. Our passion is real estate and that extends beyond houses as well. We have conversations with folks everyday that ask “would you buy my house” and the answer is YES. Don’t let that fool you […]
We understand that many people think that we only buy ugly houses. That’s just not true. As much as we love to buy houses that require a full blown renovation, we also buy houses that need little to no work at all. Check out the what we buy page to learn a little more about […]
Give us a call at (719) 476-2727 or fill out our form to get started.