Monthly Archives: February 2018

We buy homes for Cash

We Buy Houses in ANY Situation

We Buy Houses in Pennsylvania and New Jersey. We have built a reputation for helping homeowners get rid of their properties quickly and easily. If you are looking to sell your house fast and want to avoid the hassles of working with demanding buyers or avoid agent fees, then Personal Property Managers is the solution you have been looking for.

We’re honest, fair and easy to work with. We focus on win-win deals. We’ll do our very best to help you in any way we can.

Investment Property Bookkeeping Accounting PA NJ

Are you:

We Buy Houses for Cash in PA NJ

  • An executor of an estate
  • A Power of Attorney caring for an elderly loved one who needs immediate funding for their long term care
  • Recently inheriting a property
  • Unable to sell your house dispite it being on the market for a long time
  • Stuck with the purchase of another property and still unable to you’re your old one
  • Behind on payments (or about to be)
  • In need of getting out from underneath your huge monthly mortgage payments
  • Facing foreclosure
  • Going through a divorce or separation
  • Moving or relocating
  • Facing bankruptcy
  • Tired of ownership or on-going landlord headaches
  • Just sick of property ownership and just want to sell your property… now

Don’t worry. We can help. We are the one-stop solution you’ve been looking for. We buy houses anywhere in Southeastern Pennsylvania in the counties of Bucks, Montgomery, Philadelphia, Delaware, Chester and the Main Line. In New Jersey we buy homes in the counties of Hunterdon, Mercer, Monmouth, Morris, Middlesex, Union, Ocean, Burlington, Essex and Somerset and more.

Let’s Get Started – How the Process Works

Step 1 to Buy House for Cash

Tell us about your PA or NJ property – Quick, Easy & Free!

Step 1 to Buy House for Cash

If it meets our buying criteria, we’ll contact you to set up a quick appointment to view the property.

Step 1 to Buy House for Cash

We’ll present you with a written, no-obligation offer.

Step 1 to Buy House for Cash

You choose the closing date! We close at a local closing attorney, and can close within a time period that is convenient for you.

Our goal is to help make your life easier and get you out from under the property that’s stressing you out… while still paying a fast, fair, and honest price for your house.

What Do You Have To Lose? Get Started Now… Or Give Us a Call Now at: 215-485-9272 or 908-368-1909.


How does your program work?
It’s not really a program. Each property is unique, each homeowner has different needs and challenges, and we provide customized solution to meet your individual situational needs. You let us know what your situation is, and we’ll fill in the details. It’s that simple!

How much do you charge?
We are free! We are fair and we are honest. We make our money by buying your property, investing in updating it, fixing needed repairs and then reselling it for a modest profit.

What types of properties do you work with?
We work with all types of properties, including:

  • Single Family Homes
  • Multi-Family Homes
  • Condos & Town homes
  • Rental Properties
  • Homes in need to updating or numerous repairs
  • Older homes or newer homes

What sets you apart from a real estate agent?
Great question! First of all, we are BUYING your property AS IS. No need for a thorough downsizing, cleaning it out and cleaning it up, or staging, or worrying about all the little details that a new homeowner would demand. And secondly, there are no listing fees.

What sets you apart from other homes for cash companies?
We have been in business for over a dozen years. We are an award winning service disabled veteran owned company and most of all we are fair and honest. There are no hidden fees. We let you know right up front what your options are. What the overall condition of your property is and the cost to repair or invest in upgrades and then based upon that, we provide you an honest / common sense all cash offer, that is hassle free which allows you to move on from an often overwhelming and challenging situation.

How long do I have to move out?
How long do you need? We can set our closing date as far out as needed. One of the benefits of working with us is that you can choose when you want to move out.

How fast can you close?
On average, we close between 30-90 days. Much of it depends upon evaluating the property, conducting market comps, assessing what may be needed to address repairs or updates and getting a clear title. BUT, if you need to close ASAP and the numbers work out, we have built a team that can close much faster.

What do you need to know in order to buy my house?
We can get started with just some basic information about your house. Like: Its address; How many bedrooms? How many bathrooms? Is there a garage? Is the basement finished? What is the overall condition of the property? What style of house it is: single family, townhouse, condo, etc.? Is there a mortgage on it and if so, how much? Who the deeded owner of the property is? Is there a clear title without liens?

How do we get the process started?
It is as simple as clicking on the contact us button on this page or calling us at 215-485-9272 or 908-368-1909.

Think about your options… then consider Personal Property Managers

Estate Sale Services Pennsylvania (PA)You can get rid of the headache of that property fast and avoid paying on-going utility bills, tax bills, insurance bills, mortgage payments and more. You get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.

Don’t worry about fixing anything up or cleaning your house again and again for buyer after buyer We do not care how dirty your house is (we’ve seen worse!) or how many repairs are needed. This saves you time and money that you can keep in your pocket.

Because we are a full-service professional homebuyer in PA and NJ, we make it easy for you. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property and related closing cost).

So when you add up the time you could save by working with Personal Property Managers, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area home owners selling to Personal Property Managers may the best viable option.

Repairs, Renovations, Updating and Clutter:

We Buy Houses for Cash, Pennsylvania & New JerseyIs Your Property In Need Of A Renovation?
We often help people who tell us: “I need to sell my home but it needs so much work and I don’t have the money or time to deal with it.” A house requires constant upkeep and maintenance to keep it in top condition. This isn’t an easy task with your busy life.

Typical Household Repairs
Houses that haven’t been updated in years often need lots of work. Most of the homes we buy require renovations that cost $50,000 to $100,000. This is what you can expect to spend on the most common repair items. The prices below are the mid point of a range that depends on the size of your home and the extent of the renovations needed. What does it cost to renovate a house in PA or NJ?

Average Repair Items and related costs:

  • New roof: $10,000 to $18,000
  • Update kitchen: $15,000 to $40,000
  • Update bathrooms: $15,000 to $30,000
  • Paint interior: $10,000 to $20,000
  • Paint exterior: $5,000 to $10,000
  • New HVAC system: $10,000 to $15,000
  • Flooring – hard wood or carpeting: $7,500 to $12,500
  • Landscaping: $3,000 to $10,000

We believe in honesty and in full transparency. At Personal Property Managers, after we conduct an evaluation of your property, and look at its overall condition, along with the work that will be necessary to meet local code repairs and upgrades, plus assess market comps, we will make you a fair and reasonable offer to purchase your property. We think that you will agree that this is simple, fair and just makes common sense. However, we offer other benefits that going the traditional house sale route cannot offer. So,if you need a quick and hassle-free solution then Personal Property Managers is the one-stop solution you have been looking for. Call today to put your worries behind you

Profiles of Today’s Homebuyers and Homesellers – 2018

Property Manager PA NJToday’s Homebuyer and Home Purchaser Profiles for 2018

Are you thinking about selling your home in 2018? If so, the market has shifted dramatically over the past several years. It is totally different than it was years ago. Today’s buyers are not apt to want to spend a lot to time and money to fix up and or rehab a house as they were in the past. Why? Because today’s home buyers are more in debt and are more time challenged than years ago. They are looking at things from a return on their investment of time and money. Today’s buyers are looking for homes that are in move-in condition. For today’s sellers this is important to understand. If a sellers home is not updated and in move in condition, then it needs to be priced commensurate with the upgrades that will be needed from a buyer perspective. In other words, the listed home selling price must be discounted to reflect the amount of time and money a home buyer will need to put into the house and also factor in that today’s buyers simply do not want to do the work that may be needed. Properly pricing a home to meet today’s buyer needs are desires is one of the most important considerations that a home seller should consider.

With this said, with the help of our friends at the National Association of Realtors, we’d like to share with you important profiles of today’s buyers. We are sharing this information with you with a keen eye on looking at things from various generational buyers perspective.

This is part of an on-going series of real estate articles by Nick Santoro and Joe Santoro of Personal Property Managers who service Pennsylvania and New Jersey and specialize in real estate, home content downsizing, senior transition services, property management and estate sales.

Home Buyer Profiles for 2018:

• The millennial generation is defined as those who are 36 years old and younger.
Generation X is 37 to 51
Younger Boomers are 52 to 61.
Older Boomers are 62 to 70
• the Silent Generation are aged 71 to 91.

Buyers 36 years old and younger made up the largest generation of homebuyers in 2016 at 34%.

Millennial buyers (age 36 years and younger) represent 66% or 2/3 of today’s buyers and were first-time buyers. Over one quarter or 28% of today’s buyers were Gen X buyers (age 37 to 51). So, 92% of today’s buyers were Millennials or Gen X’ers….

In 2016, the majority of recent homebuyers were married couples, and buyers 37 to 51 had the highest median household income at $106,600

Buyers 37 to 51 (Gen Xers), consists of 28% of recent homebuyers. They are consistent with their buying trends and demographics. Notably, they are also the most racially and ethnically diverse population of homebuyers, with 21% identifying they are a race other than White/Caucasian. Buyers 37 to 51 are in their peak earning years and thus their incomes are the highest among all generations of buyer types at $106,600. They are both the generation most likely to be married and most likely to have children under the age of 18 in their home. Their housing preferences are driven by these demographics. Buyers 37 to 51 have the highest median priced homes of all other buyers and buy the largest homes in median square footage and bedrooms. Their neighborhood choices are driven by their convenience to job, but also the quality and convenience of school districts.

Buyers 52 to 61 (Younger Baby Boomers) and buyers 62 to 70 (Older Baby Boomers) were broken into two separate categories as they have differing demographics and buying behaviors. Buyers 52 to 61 consist of 16% of recent buyers and buyers 62 to 70 consist of 14% of recent buyers. Buyers 52 to 61 have higher median household incomes and are more likely to have children under the age of 18 in their home. Buyers 52 to 61 are also more likely to buy a multi-generational home. As the sandwich generation, they are nearly equally likely to buy this type of home for both children over 18 living at home and caretaking for aging parents. Buyers 52 to 61 buy for an array of reasons such as a job-relocation, desire for a smaller home, and the desire to be closer to friends and family. Buyers 52 to 61 also project the length of time they will live in their home is the longest at 20 years. Buyers 62 to 70 are often moving due to retirement, desire to be closer to friends and family, and desire for a smaller home. Buyers 62 to 70 typically move the longest distance at a median of 25 miles and are least likely to make compromises on their home purchase.

Characteristics of Homes Purchased

Buyers of new homes made up 14% and buyers of previously owned homes made up 86%. For buyers 36 years and younger, 11% bought new homes again this year. New home purchased increased with age, 15% for buyers 37 to 51 years and 21% for those 71 to 91 years.

Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 34%. Buyers who purchased previously owned homes were most often considering a better price at 32%. For buyers 36 years and younger, 48% bought new homes to avoid renovations and problems compared to 18% of buyers 71 years and older. 35% of buyers 62 to 70 years bought previously owned homes to receive a better overall value.

The most common type of home purchased continues to be the detached single-family home, which made up 83% of all homes purchased compared to 87% of buyers 37 to 51 years and only 65% for buyers 71 years and older.

Senior-related housing increased slightly this year to 14% of buyers over the age of 50; that number was 7% for buyers 52 to 61 years and 24% for buyers 71 years and older.

The typical home that was recently purchased was 1,900 square feet, had three bedrooms and two bathrooms, and was built in 1991. The size of homes purchased by buyers aged 37 to 51 years old was typically larger homes at 2,100 square feet, compared to buyers 36 years and younger, and for buyers aged 71 years and older, they purchased homes at a median of 1,800 square feet. For buyers 36 years and younger, the median home that was purchased was built in 1984; for ages 62 to 70, the median home that was purchased was built in 1998. For homebuyers over 71, the median home that was purchased was built in 1999.

Heating and cooling costs were the most important environmental features for recent home buyers, with 84% finding these features at least somewhat important.

For buyers 36 years and younger, commuting costs were more important that heating and cooling costs at 39% and 31% respectively. Compared to buyers 62 years through 70, commuting costs was listed as very important to only 12% whereas heating a cooling accounted for 34%.

Overall, buyers expect to live in their homes for a median of 12 years, while 18% say that they are never moving. For buyers 36 years and younger, the expected length of time is only 10 years compare to 20 years for buyers 52 to 61 years.

At Personal Property Managers, we use all this information and all these statistics to help our seller clients understand today’s market and whom they are marketing to, along with the taste that today’s buyers desire.

A cluttered home will have a negative appeal and will turn off today’s buyers.

A home that has not been updated or has dark colors, wallpaper, older kitchens and bathrooms will be a turn off to a whopping 92% of today’s buyers. This is very important to understand. Today’s sellers need to factor this into the selling price and adjust it accordingly.

The good news is that at Personal Property Managers, one call does it all. We can help with selling a home. Downsizing and de-cluttering it. Liquidating its contents and getting it market ready for sale. We have a strong following of interested buyers and can help our clients in many different home buying and selling avenues.

For more information on real estate or home downsizing please contact Nick Santoro or Joe Santoro of Personal Property Managers at 215-485-9272 or 908-368-1909. Personal Property Managers specializes in helping home owners transition from their home of many years into a new community. Personal Property Managers services Pennsylvania and New Jersey and offers downsizing services, estate sales services, home staging, discount full service real estate services via its association with EveryHome Realty. Learn more about Personal Property Managers from our recent News Stories.