Category Archives: liquidation

Top 5 House Flipping Mistakes – 22

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This podcast will share with you the top 5 house flipping mistakes to avoid. 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.

 

8 Tips for decluttering before downsizing – 21

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This podcast will share with you 8 key tips for decluttering before you downsize.  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.

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

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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.

 

Estate Sales and Home Cleanouts

Estate Sale, Household Liquidation and Cleanout Services

Are you moving? Downsizing? Selling your home? Assisting an elderly loved on in transition? Would you like to sell your home contents? We can help. We are estate sale and household content liquidation service specialist. We provide a one-stop resource for helping you sell and liquidate the contents of your home. We provide direct help for home downsizing, home cleanout, de-cluttering and, content liquidation. We also do everything we can to help you move and or sell your home. We provide full service discount real estate services. Our one stop services are designed to make your life just a little easier and provide you with total peace of mind. If you are relocating out of town or taking care of a loved one, you know how overwhelming this process can be. Don’t worry, we’ll take care of everything for you.

House Liquidation Service

We proudly service Pennsylvania and the counties of Bucks, Montgomery, Philadelphia, Delaware, Chester and the Main line. In New Jersey we service the counties of Hunterdon, Mercer, Monmouth, Morris, Middlesex, Union, Ocean, Burlington, Essex and Somerset.

We begin the process by meeting with you at your home. We work with you to identify which items you wish to sell, donate or dispose of. Together we develop realistic fair market value price points for all household contents. You make the final decisions on all price points. We market the items via this website. We also develop a personal web page for each client to achieve maximum results (see example page). We will feature and display everything in a way that will net you the most money possible. As licensed Realtors, we also offer discount real estate services if you’d like to sell your home as well as its contents.

As your estate sales specialist, we have found that prospective buyers feel that there is a greater perceived value when a professional estate liquidation firm conducts your household estate sale. Customers who come through and see carefully considered traffic patterns, professional signage and tags, and helpful assistants. We are awarded 2018 best in class services and offer discount real estate services via our association with EveryHome Realty.

We take care of everything for you in the most professional and sensitive way. Did you know that most people who try to organize an estate sale on their own have absolutely no idea what items are worth in the secondary market.

We are also certified licensed Senior Real Estate Specialist. As such, we not only focus on the liquidation of your household property contents, we are also keenly aware of our efforts to bring as many qualified people through the property as possible, which will also aid in the sale of your home should that be a targeted goal as well.

House Liquidation Service

How Does an Estate / Asset Liquation Work?

We begin by meeting with you personally. This allows us to understand your personal needs and for us to develop a tailored solution to meet your individual goals.

Are Household Content Sales Limited to Just Very Expensive Items?No. Buyers have all different tastes and needs. We liquidate entire estates of all kinds, not just those that are filled to overflowing with antiques or expensive furniture. In fact, many items are purchased right from the garage or work shop. For perspective, we sell furniture of all types, clothing, general residential contents, cars, stereo equipment, tools, equipment, musical instruments… well, actually, a little bit of everything!

Estate Sale Services Pennsylvania (PA)

Getting Ready for an Estate and Household Content Sale

First, make sure to get your legal house in order. If there has been a death in the family, make sure that you have legal title and full authority to sell. Make certain, too, that all disbursements have been made to any and all heirs before you call us for a consultation. If there’s a divorce or bankruptcy liquidation afoot, make sure that you talk to legal counsel before calling us.

If you are the representative of an estate, we will need to have a photocopy of the necessary legal documents which authorize you to dispose of the contents. We also require that the homeowner’s insurance on the home itself be current and in place throughout the sale process. The estate itself is responsible for disconnecting from gas or water any appliances which are to be sold.

We will come out to your home and meet with you personally to understand your goals and to work with you to determine fair market value. The ultimate decision is naturally yours. Our initial consultation is free of charge. Should we determine that an estate sale is not your best option we will offer you other options to help you. We also provide a full array of downsizing, de-cluttering, clean-up and clean out services. We also work with a number of charities who may have a use for some items which will helps others in needs.

Please note that the market for pre-owned items is entirely based upon the style, age and condition of your contents. As a result, not all things are saleable. Additionally, there will always be two different sets of values to any items. There is the seller’s perceived value, which may have a high emotional and sentimental value, and then there is the potential buyer’s view of the contents value, which is generally very different. Please remember that something is only worth what someone else is willing to pay for it. To learn more, please client here to view a short article we wrote on this subject or click on our Resource link page for a host of other insights into selling pre-owned items, home downsizing, home sales information and elder care.

If there is a mutual decision to go forward with the content sale, we then will then make an inventory of all the items in the house. We work with you to mutually develop fair market pricing for your sale items. We then set things up in a professional way to make things as appealing to the buying public as possible. Next we advertise and market your contents and finally conduct the actual sale. For items of value, we will coordinate an appraisal and help you auction off some of your contents to help defray costs.

How Long Should I Expect My Sale to Run?

Each sale is unique. Most sales only merit one day, while others may take two or even three days.

We typically run our estate sales on a Friday and Saturday to maximize your results.

What Do You Do With Items That Don’t Sell?

Naturally, we strive to sell the contents of an estate “wall to wall”, but there are always some things left over in each estate. We also offer downsizing, de-cluttering and clean out services. We work with local charities to recycle household items to those in need and dispose of the balance of the contents (in accordance with all local laws and ordinances) all at the approval of the property owner or authorized representative. Please note: under no circumstances do we buy “remainders,” nor do we buy full or partial estates.

How Does an Estate / Asset Liquation Work?

We begin by meeting with you personally. This allows us to understand your personal needs and for us to develop a tailored solution to meet your individual goals.

Home Security

Whenever possible we try to limit access to your property to one entrance/exit. If there’s an attached garage or breezeway, it’s kept separate from the main house itself and manned by one or more of our team. We do not allow drink cups in the house, and we strongly discourage baby strollers in our sales which can be used to place un-purchased items inside.

Can the Homeowner or Executor be Present for the Sale Itself?

Sorry, but the answer is an unequivocal “no.” We will be glad to arrange for a “family only” preview upon request, though.

We don’t allow the family on-site during public sale hours as it has long been our experience that family members inadvertently get underfoot, or become emotional, or get distracted by the public comments or behavior.

The family (or trustee) is, however, most welcome to be on site during the work after the sale (e.g., during the charity pick up or buy out). Again, we always encourage a full walk-through by the family shortly after the sale ends.

What About Sales Taxes?

We provide a full accounting of all items sold. Any sales taxes are the responsibility of the family or trustee.

Why Choose Personal Property Managers?

We are an award winning organization dedicated to providing personalized services and offering you solutions that are tailored to your specific needs. For more insights, tips and videos please visit our Resource Page in the About us tab.

We tend to your property and its contents like it was our own. We know that often times a move, a home downsizing or sale can be overwhelming and physically demanding. We can handle everything for you. When you call us, you get us. We are on site at every job. You can rely on us and trust us. With Personal Property Managers…one call does it all. We are Estate Specialists, are licensed Realtors in New Jersey and Pennsylvania, and are certified Senior Real Estate Specialist via EveryHome Realty, RS308044 and 1326862. Please call us for a free consultation at 215-485-9272 or 908-368-1909.

Tips to think about before investing in real estate

Are you thinking about investing in real estate? You will want to think carefully about what, where and for how much you want to buy, is now more important than ever. Investing in property is the single biggest financial transaction that you will ever conclude and should always be done with great care. There’s more to consider than you think. For starters, property is an active, rather than a passive investment and comes with financial risk.

Property Manager PA NJ

Although, buying your own home should first and foremost be about securing your future and creating a foundation upon which to build a life and future for yourself and your family, you should also make sure that you are a making a sound investment.
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.
Before you begin….Do your homework (top 8 tips)

Whether it is your primary home or a second property such as a rental you should always do your homework thoroughly to mitigate potential risk.

Consider the downside right upfront. When the market turns for example, you might find yourself in a tight financial spot and you have to sell. Think about this when you buy: how hard will it be to sell the property if it comes down to it?

Consider whether you have the time and financial means for this type of investment. If you are purely looking for an investment, then a property fund might be the better choice, especially if you are a novice or first time buyer.

Once you have decided that you are going to take the step and invest in bricks and mortar, be sure to keep these 8 golden rules in mind:

1. Location, location, location – this old adage will always be the primary driver of demand, prices and property values. Research, research, research. Before you sign on the dotted line, chat to local area agents and get the vital statistics and information about the area.

2. Pay a fair price – do not pay more than fair market value unless you are sure that you are financially secure enough to hold onto the property until it starts to accumulate value. Price growth tends to track economic growth quite closely, so if the economy stalls, so do prices.

3. Neighborhood – do a thorough due diligence on the neighborhood and area, especially if you are not familiar with it. Make sure that it is a viable area, more so if you are looking at a second or investment property. Ensure there are good services, roads and communications connectivity for aspects such as internet and satellite television for example

4. Street savvy – don’t stop with the neighborhood, also check out the street (or complex) to ensure you are buying in the right part of the suburb. Be sure to check out the prices in your road (or complex) to compare that you are not paying more. Guard against paying a high price for an overcapitalized home.

5. Facilities and amenities – the better the facilities and amenities in the area, the more in demand the property is likely to be when it comes to either selling or renting it out. A good transport network is important, as are schools and then secondary facilities such as shops and other services.

6. Security – this has become an important consideration for neighborhoods and complexes. The more secure the property and area, the more attractive it is for buyers and tenants. Check out whether there is a neighborhood watch or similar group and ensure that the property itself is adequately secured and insured.

7. Capital value growth and yields – you obviously want to invest in an area where property values grow at least in line with the market average, preferably at an above average rate. If you are investing in a rental, then you will want to check out the rental returns in the area as it is important to budget for any shortfalls. Ensure also that you build fat into your budget for all the hidden costs associated with a rental property.

8. Leisure and attractions – if you are thinking about investing in a holiday rental, then leisure facilities and attractions are important. The closer the property is situated to attractions such as the beach, river or game reserve for example, the more in demand it will be. Consider who your tenants will be and put yourself in their shoes. Where do they want to stay when they book for a holiday for example?

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.