Amarillo, TX Real Estate News

By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Pamela Madore Strengths Finder 2.0 is a book by Tom Rath about, as the name suggests, finding your strengths. Sometimes your strengths can drive you nuts. One of my strengths is "achiever".  I am a very high achiever which means that at the end of the day, I must have accomplished something.  The interesting part about that is, if you have a particular thing in mind that you want to accomplish and the plan go sideways, you can't replace it.  It becomes very frustrating. Rath talks in his book about achievers starting every day at zero and having to accomplish something every single day or achievers become dissatisfied.  This really makes it hard to take a day off or go on vacation.  Achievers are often obsessed about their work.  For me, when I plan a vacation I already ...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 806*290*1920 http://pinkhouseteam.com  
Comments 1
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
What is your home worth?  Free report for your neighborhood.  Call today. 806*290*1920 Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team     Ridgecrest is a very active neighbor with 58 homes sold in the last 12 months.  Below is a summary of Market Statistics.         Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://myamarillohomes.com 806*290*1920
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team When you are ready to sell your home in Ridgecrest, it is important to know what other houses have sold and for how much.  Ridgecrest is a very active area and 58 houses have sold in the last 12 months! The next thing to look at is what your competition is.  What the houses around you have sold for will help you decide what your house will sell for.  Remember, however, the market can change daily and that change has to do with the ongoing coming and going of properties.   As of today, there are 17 homes for sale in Ridgecrest.  In order to see where you will put yourself in the market, you will need to compare your house to all of the other available houses and ask yourself some questions.   Why would a buyer buy my house instead of one of the others?  What special featu...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
   Keller Williams Realty is a unique company with amazing opportunities.  Our training is beyond compare.  No one is left without direction.   Getting a real estate license might be easier than you think.  All of the classes can be taken online and we are able to get all of the classes to you for a discount.  They are all online and can be taken at your own pace.  Some people do them in a couple of weeks and some a year.  You decide. Keller Williams Realty equips you with systems and tools to help you grow your business.  You will start out with a state of the art database system.   You get two websites and will have your own personal mobile app that you can give to all your clients.   Some of the other benefits are "capping" and  profit share.  Keller Williams Realty believes that its...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Owner Financing can be a very attractive thing for sellers that are ready to sell but don't want a big sum of money to pay taxes on and/or put it in a low paying money market or something similar. From a buyer's point of view, owner financing can be attractive for a number of reasons.  Very often buyers have had some credit bumps and with the tightening of credit are finding it difficult to qualify for a home loan.  Other buyers have good credit but don't show enough income on their tax returns to qualify.  Some may be self-employed for less than two years.  There are a myriad of reasons. Here at the Pink House Team we get calls every day from buyers that want to know about our owner finance program.  Just today, we got a call from someone that has been self-employed for...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team As with any industry, real estate has its own language.  Here is a list of a few of the terms and their definitions. CMA--Comparable Market Analysis.  This is something that we as Realtors do to help you decide how much your house will sell for.  We use data from comparable properties using sold, pending, and active listings. PENDING--This is the same as "under contract".  It means that the buyer and seller has reached an agreement to terms of the sale.  They may or may not be through the option period. OPTION--This is the period of time that the seller is willing to take the property off the market for the buyer to do inspections. INSPECTIONS--This is when a buyer hires a certified residential inspector to come and do a thorough inspection of your property to check for ...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Amarillo is a great place to live; other than no water or trees and 45 mile an hour winds. I am not a native Texan but I found that in Texas you are welcomed as opposed to Maine where I grew up.  Any transplant there was "an utta state-ar" (correct spelling Out Of Stater).  I lived in Florida for a long time, too, but no one that lives in Florida is actually from Florida; just lots of "snowbirds".When we first moved to Texas from Florida there were some specific things that I noticed.  Silly, I suppose, but none-the-less big changes.  I immediately noticed that paper bags crinkled.  In Florida they made no apparent noise.  They just flattened.  The same with newspapers. I also noticed that there is no humidity.  None.  On the occasion that humidity is above 10, Texans co...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Step One:  Contact the Pink House Team to help you get started. Step Two:  We will help you get pre-qualified for a mortgage. Step Three:  Determine what you want for a house, where the house is, and any other determining factors. Step Four:     If you see any houses that you like the looks of as you are riding around or looking online, get us the addresses and we will get all of the details for you.  It doesn't matter if it is with another company or a FSBO. Step Five:  Look at houses that are in your price range and meet your criteria. Step Six:  Choose the perfect house for you! Step Seven:  We will help you coordinate your inspections and negotiate repairs for you. Step Eight:  Make sure that the lender has everything that they need. Step Nine: Wait.  This is the hardest one.  When...
Comments 1
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team In addition to the big three; price, location, and condition you also need an aggressive marketing plan. Keller Williams Realty provides a solid foundation for that to happen but we at the Pink House Team have expanded the typical marketing to personalize it for each of our clients. You may have heard of the 3 P's of listings.  They are, Put it in the MLS, Put a sign in the yard, and Pray someone sells it.  The Pink House Team has another P.  We Proactively work to find a buyer for your house.                                 PPP             Since 90% of home buyers begin their search on the internet that is where we devote most of our marketing time.  We currently have 3 websites  and we are working on more.  There are many types of buyers so we diligently work to attrac...
Comments 2
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Throughout the years we have worked with many buyers and there has been a consistent theme of what buyers want. These are some things to consider when you put your house on the market. The first, of course, is location. That is nothing that you can change but you can enhance it by describing why you bought the house and how the location has affected you--either good or bad. For instance, you would think that buyers would never want to be near the railroad tracks. In truth, more than one buyer wants to be near the railroad tracks. Quite often they work for BNSF and want to keep track of the trains. Buyers want honesty.  Next is condition. There are a few different classes of condition. There is a difference between a house and a home and we have found that homes sell fast...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team In Amarillo the newest fad is having a hydro static test.  We made it through the lead-based paint and mold phase. Don't get me wrong, lead-based paint and mold can be very harmful to you.  The thing about it is, everyone wanted it tested even though there were no signs that either lead-based paint or mold were anywhere near the property. The same is now true for hydro-static testing. A hydro-static test consists of a plumber fill the pipes full of water while cutting off the water at various strategic places around the property.  If the pressure  holds, all is well.  If it drops a millimeter panic strikes even though the seller has never had any problem whatsoever with the plumbing. Really old sewer lines may in fact leak.  In Amarillo we don't have a lot of water so wh...
Comments 1
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team On January 10, 2014 numerous new lending laws will go into effect.  Some of them stem from the Frank-Dodd Act and some came from the Consumer Financial Protection Bureau and some of them are a combination of both. I am not an expert on this nor am I sure I have any idea what I am talking about.  Oh, wait.  Neither does anyone else.  What I might have to say here on the subject will definitely conflict with what others say and some of it will align with other articles.  The only thing that we can all agree on is that after January 10, 2014 there will be a big mess in the mortgage business which will detrimentally affect the real estate industry.  Just what we need, now that we are finally on the road to economic recovery. Apparently the left hand wanted everyone to be in...
Comments 2
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
The Pink House Team assisted another Veteran in using his VA Home Loan benefits to buy a house. The Veterans Administration has a special program for Veterans when buying a house. One of the most attractive benefits is that VA requires no down payment.Pamela Madore of the Pink House Team says, "We really love to help Veterans. They served our country risking their lives and I think that often we as a country forget that. Anytime we have the privilege of working with a Veteran we feel that that is our little way of giving back."According to FindTheData their are more than 12,000 veterans that live in Amarillo. The maximum VA loan limit in Potter/Randall Counties is $417,000. The two important documents have Veterans will need is their DD214, proof of military service, and their Certifica...
Comments 3
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team             Sometimes in the home selling process a buyer will find a home that they want to buy before their house sells.  What do you do if your house is the one they want? You will be presented with a contract with a "contingency".  The contingency will be that their house sells before they can close on your house.   Also in the contingency agreement there are some negotiating points.  It covers what will happen if you get another offer on your house. There are two main things that will be negotiated in the contingency offer.  The first is how many days the buyer will have to remove the contingency should you have another offer that you want to accept and how much additional earnest money you want if they decide to remove the contingency and not make the contract sub...
Comments 3
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Take a look at these statistics.  Our real estate market in Amarillo is up 28.8% for sold listings over the same time period in 2012.  Last month 236 houses went under contract.  What a great time to sell! Market Statistics for October 2013 Comparisons Complete the form and let us put you in the sold column! www.pinkhouseteam.com/sell Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 806*290*1920
Comments 1
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
  Pink House Team   As with anything in life, when you are ready to sell your home you have to have a plan.  Most people don't wake up one morning and say, "I'm selling my house today", then immediately put it on the market.  Of course, there are people that do that but not the majority. A plan must include several elements from the beginning (deciding to sell) to the end (having your house sold). There are many things to take into consideration.   PHASE ONE Why sell and why sell now?  There are hundreds of different reasons why you might  want to sell your house.  It can range anywhere from down-sizing, up-sizing, different location or school district or maybe just to get out of a big mortgage.  It is never time to sell if you are just thinking about it.  Selling a house is an event an...
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com
Comments 0
By Pamela Madore, Team Work Makes The Dream Work
(The Pamela Madore Group)
Pink House Team   On May 28, 2013 Amarillo, TX had a Hail Storm. As I was driving home today, I noticed yet another roof being replaced on my street. Since the Hail Storm this is common sight. On my street we had multiple roofs being installed on the same day. It really is amazing how a little hail can do so much damage. We had many closings delayed and lots of sellers that had to replace roofs before they could sell their houses. When something like this happens, the new insurance company won't insure unless they can determine that it is "100% insurable". This required roofers and insurance agents and adjusters to have to travel to the properties and do an inspection.  I wondered how many roofs were actually replaced so I decided to look for residential roof permits that were pulled du...
Comments 0