Amarillo, TX Real Estate News

By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House TeamKeller Williams Realty806-340-7630 What Is My Amarillo House Worth? You could try Facebook.  Or maybe Pinterest.  You could probably tweet #whatismyamarillohouseworth. Or you can ask a professional to help you get an idea of  what your Amarillo house is worth. The thing to remember is, though, that Realtors are not magicians or fortune tellers.  Realtors don't decide on the price anyway.  The Buyer always decides the price.  I can show you the data that is currently available but that doesn't mean that is what buyers are thinking today. Buyers think about the future not the past.  We have to rely on the past to think about what buyers are thinking.  Sometimes the two things don't intersect. The reason I am telling your all of this is that if your Realtor is giving you a d...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pamela Madore Pink House Team Keller Williams Realty 806-340-7630 Finding Owner Finance Houses in Amarillo is not all that easy.  It is not the same as saying I want a four bedroom house in City View and then we look for just that house.  There is a pretty good chance that there is one available in City View at that moment or in a short time. Trying to look for an owner finance house in that same matter doesn't work that way because there aren't as many houses that the owner will finance as opposed to getting bank financing. The most important questions to be asked are "How much money do you have as a down payment?" and "What do you want your monthly payment to be?"  The "where" and "what" comes later. Ordering an Owner Finance House In Amarillo If you are buying a house in Amarillo and...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House TeamKeller Williams Realty806-340-7630 FIRST TIME HOME-SELLERS HELP There is plenty of information for First-Time Home Buyers but where is the information for First-Time Home Sellers?  If you remember when you bought your house you went through a process to get the keys.  Play that record backwards and you have part of the process. You will now have a buyer going through the process to get your keys.   But what did the seller do when they sold you their house?  What was their process? Finding a Great Realtor is the first part of the process.  Your uncle's mother's brother may have a real estate license but that doesn't mean he is a great Realtor.  Do some research.  What would you consider a Great Realtor to be? Who will buy your house? The first thing a Great Realtor does wh...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
The Pamela Madore GroupPink House TeamKeller Williams Realty806-340-7630 When we list your house for sale, we become stalkers.  That may not sound like a good thing, but in this case it is.  You want your Realtor to stalk for you. Amarillo Realtor House Stalker The first thing you will see is us stalking your neighborhood. Incognito, we will move from house to house passing out fliers and asking who your neighbors might know that wants to buy your house. When they give us a lead, we become buyer stalkers. Anyone that has ever expressed that they might be interested in a house like yours is immediately on our radar and we go after them like a dog with a bone until they either buy your house or are eliminated (no, we don't kill them). Next we become internet stalkers.  If you are reading ...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pamela Madore Of The Pink House Team At Keller Williams Realty Announces Career Night If you have been thinking about a career in Real Estate, Pamela Madore encourages you to attend Career Night at Keller Williams Realty. FOR IMMEDIATE RELEASE     Career Opportunity PRLog (Press Release) - May 19, 2014 - AMARILLO, Texas -- Pamela Madore of the Pink House Team announces a new Career Night initiative at Keller Williams Realty in Amarillo, Texas. The ongoing times will be at Noon on the first Tuesday of each month and the third Tuesday at 5pm. Information presented by Beth Carter, Team Leader at Keller Williams Realty in Amarillo will present information on how to obtain a license and what to expect when started your Real Estate Career. "There will be real-life information presented.  Som...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty http://myamarillohomes.com 806-340-7630 What Will Your Amarillo Home Buyer Say When You Ask For Your Money Back? You paid $200,000 for your nice four bedroom home in Hillside Terrace.  You loved it so much you added $30,000 of upgrades.  Now you want to sell your house and move to Sendora Valley. Will your buyer give you back your $30,000?    The answer is most likely "no".  Why?  Because most likely there is another very nice four bedroom home in Hillside Terrace for less than $230,000. Recently I did a comparative market analysis (CMA) for a seller.  They had owned the house only five years or so and it was one of the smallest in their area.  The comparables were clear of what the market will bear at the time--that is, what will a buyer feel like...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630 If You Really Want To Sell Your Amarillo House Why Would You Choose A Weak Agent? When you decide to sell your house here in Amarillo, you must decide how bad you want to sell it? If you are convinced by someone to list with a friend of a friend rather than doing your own research, you may just get what you paid for--a weak agent. When you consider that the national average among real estate agents is 12 sales a year.  That is only one a month.  The real estate market changes day by day so wouldn't you agree that you need an agent that is involved in the market every day? Here is a little video of a recent experience. When you are hiring a Realtor, ask them how they intend to sell your house.  If they are relying on The Three P's, you ...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630 I am thinking of doing some remodeling in my house.  It occurred to me that about every decade or so a new "fad" comes into play, 50's Black and White Checked Floors 60's Vinyl Floor Tiles 70's Shag Carpet, Paneling, and Popcorn 80's Wallpaper 90's Ceramic Tile 2000's Granite and textured walls     So my thinking is, I think the granite may be coming to an end, although it is pretty indestructible.   If I am going to remodel my house, I don't want it to need "updating" by the time I finish it. What will the new fad be?  Who was the first person that decided to put granite on their counter-tops? Who will be the first person to start the new idea? What qualifications must this new idea have to in order to be considered? One of the very i...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630 What is a seller's disclosure and why do I need one to sell my home in Amarillo? Every year, and sometimes every month, we get more and more paperwork for buyers and sellers in the real estate transaction.  Most of this has to do with liability and lawsuits.  Some of you may remember when we used a one page contract.  Some of you may even remember a handshake.  That doesn't apply to us anymore when you sell your house. When you sell your home one of the forms that you need to complete is called a seller's disclosure. This 5 page disclosure gives you, the seller, and opportunity to disclose things about your home. That may sound easy but it may not be, too.  The buyer is going to rely on what you write on the disclosure. Some things tha...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630What Is My Amarillo House Really Worth? Go to Zillow and get a Zestimate.  Go to your neighbor and get a guess.  Or go to a professional that can give you a real time market value of your property.  Do it today!   Just fill it in and we will get you the report!   Pamela Madore Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 806-290-1920 http://myamarillohomes.com    
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630 When Selling Your Amarillo Home, Your Buyer Is Looking For The Bottom This morning I got an offer on one of my listings.  It came in $3000 under asking price and the buyer asked for $3500 in closing costs.  How will I advise my clients? There are many things for a seller to consider. How long has it been on the market? How many showings have we had? What is your competition? How far are you willing to come off your bottom line? How will this affect you buying a house? The buyer always determines the price and they have many things to consider too. How much do they qualify for a mortgage? Do they feel that the price is fair? What other similar houses are available that they may get a better deal on? How badly they want your house?   Thi...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House TeamKeller Williams Realty806-340-7630 What To Watch Out For When Buying An Amarillo Foreclosure Foreclosures come in many shapes and sizes.  The most common kind is a HUD foreclosure.  What that means is that the Department of Housing and Urban Development now owns the house.  The other kind is  Bank  Other Real Estate Owned or commonly know as REO.  Both types are listed with a Realtor.    You definitely want a knowledgeable  Realtor when you want to buy a foreclosure.  Here are some things that you need to know and watch out for. Is it priced right? What are the problems? Will FHA or a Bank finance it? Who will pay for repairs? How will I do inspections? Just because the property is a foreclosure does not mean that it is a good deal.  As a matter of fact,  they are usually...
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By Connie Taylor
(Connie Taylor - Keller Williams Realty)
Do April Showers Really bring May Flowers? In central Texas, they bring Bluebonnets!  Take a trip and see the state flower of Texas blooming all along the roadside. Start your trip at the state capital in Austin and drive on Highway 183 North to FM 1431 West to the Hill Country.  Be prepared for cars by the dozen pulled over and taking family pictures and just enjoying the air with their perfumed scent. Some people even say this is the biggest reason Texas highways were designed with shoulders. Remember to thank Lady Bird Johnson for these incredible wildflowers, as she was a big influence in the highway beautification program.  TXDOT scatters 30,000 pounds of wildflower seeds per year by the highways. While you are taking your pictures and you just have the urge to pick some to take th...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House TeamKeller Williams Realty806-340-7630 The 3 P's Of Real Estate And Why I Have More P's Do you know what they are?  The average agent using this technique when listing your home to sell. Here they are.  They PLACE a sign on the lawn.  They PUT it in the Multiple Listing Service (MLS). And then they PRAY someone will sell it for them.  Don't get me wrong, I believe in the power of prayer.  He may, however, want to use the hands of a Realtor to help up. Here at the PINK House Team we add a few more P's to make an impact on selling your house. PURPOSEFUL -- We are not random at what we do. PLAN  -- We have a system in place to find buyers.PROSPECTING -- We actively search for buyers that want your house.PHONE -- We call people we know and tell them about your house.PUBLISH -- Yo...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty806-290-1920Here Is The Whole Scoop On Credit Scores and My Pet Peeves Well, maybe not the whole scoop but at least a pretty good idea.  Before I talk to you about that, though, I want to tell you how it worked back in the golden days.I was a loan processor in the early eighties and we didn't have credit scores like we do today.   What we had was a credit bureau which was a company that did credit reports for us.  Even though the scoring system had been around since the 50's it wasn't widely popular until the late eighties. The credit report was much more personalized.  The credit bureau would call different places to get credit references on the buyer.  Often they had to ask for the information in writing.   Not all companies reported pay histories...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pamela Madore Of The Pink House Team At Keller Williams Realty Recently Completed FSO Franchise Systems Orientation or FSO is part of Keller Williams training programs. It is specifically about the inner operations of the Franchise System. FOR IMMEDIATE RELEASE       PRLog (Press Release) - Apr. 18, 2014 - AMARILLO, Texas -- Pamela Madore, along with 12 other ALC Members, Team Leader and Operating Principal of Keller WilliamsRealty in Amarillo, recently attended a two and a half day training at Keller Williams International in Austin, Texas. Keller Williams is a franchise system and each office (Market Center) is independently owned and operated. The Agent Leadership 'Council or ALC, is a group of agents that are in the top 20% of production in each Market Center.  These Agents have le...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630What Is My Amarillo Home Worth?Home values in Amarillo have been on the rise.  In 1996 the average sales price for an Amarillo Home was $89,981.  Through 2013 that number is $164,129. I am not real good at that whole "adjust for inflation" thing but that is an 3.7% average annual increase in home values from 1996 to 2013. That does not mean, however, that every house has a 3.7% increase every year. There are many factors that take a part in the value of your house.  That is why it is possible that your house is worth less than what you paid for it.  This is especially true if you purchased it in the last five years. One of the biggest reasons for that can be attributed to new construction.  Where this is obvious is in places like City V...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 806-340-7630Amarillo Market Conditions for March 2014 The Amarillo Real Estate Market remains in an upward trend.  The first quarter of shows a market increase of 9% over the same time period of 2013 with a volume of $199,432,354.  Last year at this time the volume was $183,362,596. The number of houses sold year-to-date are 621.  The Amarillo Association of Realtors keep the number of "sides" listing and selling.  That total number of 1242 which is what the $199 million dollar number above is calculated on. Market Trends in Amarillo The average sale price for the first quarter is $160,573 which is down from 2013 which average first quarter average sales price was $164,129.  Currently there are 1069 active residential listings.  That translates int...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
  Pamela Madore Has Been Awarded The All Star Agent Referral Network For Amarillo, Texas Source: Pink House Team at Keller Williams Realty Dated: Apr. 12, 2014 The All Star Agent Referral Group is a Nationwide Real Estate real estate referral group dedicated to providing awarding winning service to clients across the United States.AMARILLO, Texas -- Pamela Madore of the Pink House Team at Keller Williams Realty has been Pamela Madore Named To The All Star Agent Referral Network awarded exclusive status of the All Star Referral Group originated by Lori Ballen of the Ballen Group in Las Vegas, Nevada. Pamela has many years experience in the Real Estate industry and this Group now allows her to use her experience by referring clients that may be moving from one location in the United State...
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By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House TeamKeller Williams Realty806-340-7630 "A home often has the most perceived value the day it hits the market."  Gary Keller, Shift Your home's value can be determined by buyers the first day it hits the market.  That is why there is a strategy for that first day.  You don't want a sign thrown up and it stuck in the Multiple Listing Service. You want a whole lot more. Think of it as having a birthday party.  Before the big day you plan out of the details.  You decide who you want to come and what things they will need to make it a great party.  You decide what the decorations look like and how you want the cake to look.  You make sure you have enough candles and plates and hats and spoons.  You want the day to be perfect! That is what you want the day you list with the Pink Ho...
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