Category Archives: Bommers

9 Biggest mistakes when selling your home – 19

PPM smaller version Podcast - picture - final version 2-13-19

This podcast will share with you the 9 biggest mistakes people make when trying to sell their home. For more information contact Joe Santoro or Nick Santoro of Personal Property Managers at www.personalpropertymanagers.com

Personal Property Managers specializes in: Home Downsizing, Home Cleanout Services, Estate Sales, Home Content Liquidation, Property Management, Absentee Home Watch, Moving, Full Service Discount Real Estate Services, Home Sales, Home Buyer Services, and Elder Care Services. With Personal Property Managers, one call does it all.

 

 

 

How to increase your Home Value – 18

PPM smaller version Podcast - picture - final version 2-13-19

This podcast will share with you 13 easy things that you can do to increase the value of your home. For more information contact Joe Santoro or Nick Santoro of Personal Property Managers at www.personalpropertymanagers.com

Personal Property Managers specializes in: Home Downsizing, Home Cleanout Services, Estate Sales, Home Content Liquidation, Property Management, Absentee Home Watch, Moving, Full Service Discount Real Estate Services, Home Sales, Home Buyer Services, and Elder Care Services. With Personal Property Managers, one call does it all.

 

Home Selling Tips for Pet Owners

If you are selling your home it is very important that you understand how important it is to make your home pet neutral.

If Home selling tips for pet owners: Removing signs of pets can help a home sell faster and for more money

pet lover 4

News flash…although you may love your pet and feel that it’s a part of the family, not everyone may feel the same way, especially prospective home buyers who may be turned off by pet odors, worn yards and scratches on floors and walls. So, what is a home seller with pets to do?

We are sharing insights to pet owners who are trying to sell your home. In fact, we advise animal-owning sellers to rid their home of any evidence of pet damage or animal scents before opening their doors to potential buyers.

Appealing to buyers who may not love pets as much as you do can boost your chances of getting top dollar for your house.

This is part of a continuing series of articles by Nick Santoro and Joe Santoro of Personal Property Managers, who service Pennsylvania and New Jersey and specialize in real estate, property management, home content downsizing and estate sale services.

Addressing Outside Pet Needs
While a spacious backyard is a plus in the eyes of most buyers, pet-related landmines and holes typically aren’t on a buyer’s list of wants. To get your yard visitor-ready, we recommend filling in any doggy-dug holes and scooping the poop.

Additionally, be sure to check your fencing, deck, and porch for any marks from scratching or chewing. Most pet-related scratches and damage can be easily repaired with a little sandpaper and stain.

Addressing Inside Pet Needs
First impressions are everything, but dog toys and pet odors don’t exactly enhance a home’s initial appeal. Get your home ready by ousting any evidence of pets, including:
• Pet belongings. Collect toys, bowls, beds, crates, cat trees, and litter boxes and keep them out of sight. We even recommend hiding pet photos.
 Scents. Get rid of potentially off-putting animal scents by lighting candles, opening windows, or hiring a professional carpet cleaning crew to deodorize your domicile.
• Scratches. If your hardwood floors have a few battle scars to show for their years of being trodden upon by pets, consider having them resurfaced.
• Remove Your Pet(s). Leaving your pet in the house during showings isn’t the best idea. They could dart out an open door or pose a liability issue if they behave in a less-than-friendly manner toward strangers. If you can’t take your pets with you, let a friend or relative care for them or board them at a kennel.

Please remember that you only have one time to make a good first impression, be that a buyer or with other realtors, so please keep this in mind if you are a home seller with pets. You do not want to sabotage your chances of success by not being mindful of other people’s opinions of pets.

For more insights, tips and videos please visit our Resource Page in the About us tab.

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.

Home Staging 101 – Boot Camp – 17

PPM smaller version Podcast - picture - final version 2-13-19

This podcast will share with you 5 key tips and useful insights for staging your home in preparation for its sale, so that you can sell your home for the highest price and sell it in the shortest time possible. For more information contact Joe Santoro or Nick Santoro of Personal Property Managers at www.personalpropertymanagers.com

Personal Property Managers specializes in: Home Downsizing, Home Cleanout Services, Estate Sales, Home Content Liquidation, Property Management, Absentee Home Watch, Moving, Full Service Discount Real Estate Services, Home Sales, Home Buyer Services, and Elder Care Services. With Personal Property Managers, one call does it all.

How to determine your house worth

How much is your house really worth? Top 3 home valuation methods



                  503 Hogan Ct,

                  Doylestown,
                  PA
                  18901

What is the valuation of your home?

You are probably aware that that the Greater Philly and New Jersey housing market is doing well right now, but do you know how much your house is worth in today’s market? When we often met with clients, like lots of people, they have gone online prior to our meeting and looked up the value of their home, so they thought; right? Does this describe you?

It’s pretty easy. Google your address and like magic, up pops several online sites that will provide information on your house, such as number of bedrooms and bathroom and square footage. Sometimes they even show a picture of your home and sometimes they even will show an estimated valuation price of what your home may be worth. For a lot of people they take this number as gospel and look to us for verification of this number. Sometimes the estimated valuation number is close to the correct value of their home, but other times it’s way off. Did you know that the CEO of one of the largest online home sites sold his home a while back, and that he sold it for 40% less than what his own site said the home was worth?

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. Personal Property Managers is a home sale specialist maximizing the sales value of our clients property, and also provides home content downsizing, senior transition services, property management and estate sales.

These online sites have many different names for their rough home valuations. Did you know that they often fail to take into consideration floor plans, swimming pools, frontage, interior and exterior updates and upgrades? Please do not make the mistake of hitting the market without an expert valuation from a local Realtor who takes everything into account when pricing your home for sale.

Nick Santoro says that when you value homes, there are three methods that you should use to determine a property’s value. Whether or not you plan to sell your home any time soon, knowing the value of your home is often the starting point for making wise financial decisions.

Another factor that is very important to consider is that almost all buyers will need some form of financing such as a mortgage. We are sharing with you the top 3 methods that they use when determining a homes valuation and thus the amount of mortgage that they will provide and approve. They are:

1. The Cost Approach
The cost approach works by analyzing what it would cost to build the property in today’s market, adding the current value of the parcel of land on which it sits and then subtracting a factor for obsolescence or depreciation. This method is rarely impactful as resale homes are heavily influenced by supply and demand. If there are too many homes for sale, cost will have no bearing on valuations, as sellers will have to compete to get them sold. Fortunately, the opposite is true as well. If there are too few homes on the market, buyers very well might have to pay a premium to have a seller part with her property.

2. The Income Approach
The income approach is typically used with investment properties. The net income a property generates (net operating income) is used to derive a market value based on a multiple of the property’s annual income. Generally speaking, the more income a property generates, the more it is worth.

3. The Sales Comparison Approach
The sales comparison approach, also known as the market approach, works by looking at the supply and demand for similar homes. We look at similar homes that are for sale, the selling prices of similar properties that have recently changed hands, and how many similar homes that have failed to sell recently.

It is important to look at homes on an apples to apples comparison. We are talking about comparing the number of bedrooms, number of bathrooms, home style, square footage, lot size, school district, location, updates and upgrades, curb appeal, roof, HVAC systems, overall condition, geographic proximity to your home / subject property. Also look at what may need to be done to the property to bring it up to current market demand conditions, and the cost to do so.

Additionally, many clients look at the price that other homes are listed for in their area. This is a mistake. This may be fine for an overall feel, but the real measure is looking at what similar homes have actually sold for. This is what your lenders will be looking at. It often does not matter what houses are listed for, what really matters is what similar houses have sold for. As licensed Realtors, we can share this analysis with you by conducting something called a Comparative Market Analysis or CMA.

The prices of homes are then adjusted upwards or downwards based upon how they compare with other properties that have sold, are listed and the overall condition of the property in comparison to other like properties; then, by averaging the prices of the comparable properties, an appropriate value is determined for the subject property.

The Best Method
To find the real value of your home, you should use all three approaches, but heavily weigh the findings from the sales comparison approach.

Remember, all markets are subject to supply and demand, and if more supply is needed, then the cost of creating additional supply will affect the values of the supply that is already in the market, over the long run.

Following the methods above will help you determine an accurate value for your home. Then, with an understanding of current market factors, you can develop a well-informed strategy regarding when to sell and buy a home.

If you need help coming up with a plan or determining your home’s value, please give us a call or look us up on the net at http://www.personalpropertymanagers.com We are home sale specialists. We not only can help you sell your property at the best possible price, but we also offer a best in class seller acceleration program to help get your home ready for sale by downsizing and de-cluttering it and helping to liquidate the contents. For a truly one call does it all solution, contact us today for a free evaluation.

For more insights, tips and videos please visit our Resource Page in the About us tab.

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.

How to Part with Family Heirlooms – 16

PPM smaller version Podcast - picture - final version 2-13-19

This podcast will share with you useful insights and plans for parting with family heirlooms during the downsizing and home cleanout process. For more information contact Joe Santoro or Nick Santoro of Personal Property Managers at www.personalpropertymanagers.com

Personal Property Managers specializes in: Home Downsizing, Home Cleanout Services, Estate Sales, Home Content Liquidation, Property Management, Absentee Home Watch, Moving, Full Service Discount Real Estate Services, Home Sales, Home Buyer Services, and Elder Care Services. With Personal Property Managers, one call does it all.

 

Selling your home? Should you accept the offer or not? – 15

PPM smaller version Podcast - picture - final version 2-13-19

If you are selling your home, this podcast will help you to evaluate whether to accept a buyer offer or not. For more information contact Joe Santoro or Nick Santoro of Personal Property Managers at www.personalpropertymanagers.com

Personal Property Managers specializes in: Home Downsizing, Home Cleanout Services, Estate Sales, Home Content Liquidation, Property Management, Absentee Home Watch, Moving, Full Service Discount Real Estate Services, Home Sales, Home Buyer Services, and Elder Care Services. With Personal Property Managers, one call does it all.