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Showing posts from December, 2013

Do You Remember Y2K?

Pamela Madore
Pink House Team
Keller Williams Realty
806-290-1920

A mere 14 years ago the world was in a panic.  At midnight Cinderella was going to turn into a pumpkin and we weren't ready for it

The problem stemmed from the fact that all computers and programming were based on a two digit year.  So for 1999, computers recognized it as "99".  The worry was that at midnight computers wouldn't know what the date was, programmed to think it was 1900 instead of 2000,  and as a result every computer would crash and all data would be lost.   It was predicted that every modern convenience like electricity would be lost and we would be living in "00".

A bigger concern for most was that  online investments would vanish.  Banks would lose all account information and any information stored online would be lost.



My husband loves to sing.  For several years prior to 1999 we spent New Year's Eve with some seniors and provided entertainment while they danced the nigh…

My Chimney Is A Condo

Pink House Team
Keller Williams Realty
806-290-1920

Perspective is everything.  My dad was a great photographer and he always told me to be sure and look at the background when taking a picture.  I ended up with some doozies in my time; trees sticking out of my mother's head,  a telephone pole monopolizing a family photo, and many more.

As a Realtor, it is important that we pay attention to this when taking photographs.  Take, for instance, the below photo.  This was taken by a Realtor to put in our Multiple Listing Service.  Do you think they noticed the condo?  The interesting thing is there are few condos in Amarillo and this one is by far the tallest.  So their listing has a condo for a chimney.

Needless to say, there were a few expired listings for this property.

Enter the Pink House Team.  Since my father taught me the importance of looking in the background, I took this to heart when I photographed the front of the house.  I am certainly not a fabulous photographer, but I d…

This May Sound Crazy But I Am Sure It Is True

Pink House Team
Keller Williams Realty
806-290-1920



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Pamela Madore Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com 806-290-1920

Are Those My Skis?

Pink House Team Keller Williams Realty 806-290-1920

Recently I was on a ski trip to Breckenridge Colorado and I noticed a phenomenon that I had never thought of before in all my years.  It was about honor.  




I read somewhere that the most expensive pair of skis are $19,000.  A modest set of skis or a snowboard with bindings is probably about $1000. Breckenridge there are people from all over the world, some are in competitions like the Dew Tour.  Chances are their skis and boards cost more than $1000.  If you are a skier you also have poles.

Around the mountain there are several restaurants and lodges where skiers and boarders stop and rest or eat.  At each place there are racks for everyone to lean their skis or boards against while they are inside.

At any given time there are easily 100 people eating lunch at several of the different restaurants.  That is conservatively  $100,000 or so of equipment leaning against the racks in each location.

There is a code of honor among skiers …

New Listing From The Pink House Team

Pink House Team Keller Williams Realty 806-290-1920

I am so cute and large for the area and definitely for the price! My family needs a bigger house and I need a new family!!!   Call my Realtor today for an appointment!




Pamela Madore Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 806-290-1920 http://pinkhouseteam.com

Christmas In Maine

Pink House Team
Keller Williams Realty
806-290-1920


It's Christmas time and I think that makes all of us feel a little nostalgic.  You have some great stories about Christmas, don't you?  I would love it if you would comment at the end of this blog and tell us your story.  Here is one of mine.

It really starts at Thanksgiving.  We went to my grandparents farm in a little (I mean little) town of Wytopitlock.  Wytopitlock is an unincorporated village in Reed Plantation, Aroostook County, Maine on the Mattawamkeag River.  Current population of Reed Plantation of which Wytopitlock is a part of is 207. We weren't really in Wytopitlock.  We were in Drew, a suburb.  I expect the population back then was about 26.  I digress.

On Thanksgiving we had a big feast of homemade everything.  Pies made of strawberries, raspberries, rhubarb and apples that my grandmother had picked.  Turnip and squash from their garden.  Fresh baked rolls.  It was really a great meal with family.  

After dinner…

Chance To Win $50,000 By Downloading The Pink House Team Free Mobile App

Pink House Team
Keller Williams Realty
806-290-1920

Starting today through March 31, 2014 you can download our mobile app and enter to win $50,000!  Do it today!



Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://myamarillohomes.com

Why Won't These Agents Just Leave Me Alone!?!

Pink House Team
Keller Williams Realty
806-290-1920

Day after day after day you wait for the phone call telling you that someone is showing your house.  You have kept your house pristine from Day 1 even though with 2 kids that was a challenge.  The very few times the phone has rung and your house was shown, you wait expectantly for an offer or at least a call with feedback.  No contracts and sometimes not even feedback.  You are disappointed, disillusioned, and at your wit's end.  The stress is at its peak.  And then your listing expires with your current agent.  What do you do?

The next day your phone starts ringing.  The first call was hopeful.  This is great. Agents are calling me.  After the 5th call of agents saying how great they are and what they can do to help you, you are back to discouraged.

And then magically, someone from the Pink House Team at Keller Williams Realty called and everything changed!  The conversation went something like this.

"Hi!  I'm calling …

FHA Always Gets Their Money

Pink House Team
Keller Williams Realty
806-290-1920

FHA is one of the most popular types of financing.  It has a low down payment and the guidelines to qualify are a little more relaxed than a conventional loan.  That is probably one of the reasons you got an FHA loan  to purchase your house.  Now you are a seller and it is important for you to be aware of how FHA works.

When you are ready to sell your house FHA requires something that neither VA or conventional loans require.  Extra interest.




Be careful if you look at your statement and see, for instance, that your principal balance is $150,000.   Your payments are received by your mortgage company on the 1st of every month.

Buyers like to close on the last day of the month because that makes their pre-paid interest nothing. This is NOT what you want, however. If FHA does not receive in their hand the entire payoff ON the 1st you will owe another entire month's interest.

On $150,000 at 6% interest that would be an extra $750 even…

The Guy In Front Of Me Got The Million Dollar Lotto Ticket

Pink House Team
Keller Williams Realty
806-290-1920

Timing.  We all have schedules for everything in our lives.  Most things are predictable enough so that you can plan on them happening with enough accuracy so that you can plan around the event.  Can you do that when trying to sell your house?

There are many things that come into play when working on the timing.  Market Data will give you an idea of what you might expect.

Here are some things that we analysis for you.


Price Range ReportAbsorption RateAverage Days On The MarketList to Sales PercentageActivity Report Once we have analysed that data, we then analysis the property and compare it to the following.


LocationConditionActive CompetitionPending ListingsSold Listings In The Last 6 MonthsAverage Price Per Square Foot Once that data has also been analysed, we can make a reasonable prediction on how long it will take to sell your house.

All of the above data will funnel down to help us determine price.  If you look at the below cha…

Keep Termites Away From Your Toilet Paper

Pink House Team
Keller Williams Realty
806-290-1920

Termites love cellulose. Not to be confused with cellulite.   Cellulose can be found in plant material, wood pulp, or cotton.   It is used to make paperboard and paper.

I grew up in a "paper mill" town.  Paper mills make all kinds of paper from fancy writing paper to toilet paper. This mill was fed by loggers that brought truck load after truck load of logs to the mill. Then the logs went through a series of processes to finally be broken down into paper.  We all got used to the smell. Paper mills stink due to the production of total reduced sulfur that is released when plants breakdown.

Here are some tips to keep termites away from your house.

Keep mulch from touching the side of your house.Be sure that plants and shrubs are trimmed back from the side of the houseMake sure that your gutters are working and water drains away from your houseIf you have pier and  beam, make sure your crawl space is clear

As a homeowner you do…

I Am Older Than Your House

Pink House Team
Keller Williams Realty
806-290-1920

I asked my granddaughter, age 9, if she was going to sell her house would she hire a Realtor or sell it on her own.  After the careful consideration of a 9 year old, she said, "hire a Realtor".  I asked her why.  She said, "because it is easier".  From the mouth of babes.

I remember the first house I ever sold after getting my real estate license.  All I had done so far was take the classes and pass the test.  As with many testing/licensing what you learn in the classes teach you to pass the test and nothing more.  Most Realtors start with buyers because they are everywhere.  So I started with a buyer.



Not giving away my age, but back then we had a "list" of houses for sale and we had to go to the other agent's office to pick up the key if it wasn't our listing.  Financing really wasn't a problem back then like it is today.  We had bank financing with often a handshake and the part of the co…

Help! What Will Happen To Me If You Don't Buy Me?

Pink House Team
Keller Williams Realty
806-290-1920

Vacant and could move in fast.  Smashingly wonderful cheap Hamlet house! 3/1/1  It's a steal for $45,000.  Don't miss out!  Call today.  806-676-6341


Pamela Madore Pink House Team Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 806-290-1920 http://pinkhouseteam.com


I Am A Cute Cheap Little Stucco House In Amarillo

Pink House Team Keller Williams Realty
806-290-1920

Cute, cheap house in San Jacinto!  Won't last long!  Call Today!   806-676-6341


Pink House Team
The Pamela Madore Group
Keller Williams Realty
7304 SW 34th
Aamrillo TX 79121
806-290-1920
http://pinkhouseteam.com

I'm Burning My Barn and Building My Business

Pink House Team
Keller Williams Realty
806-290-1920

List and sell houses or build a business? The two are not mutually exclusive.  The MREA book or Red Book (as we fondly call it) has the directions from start to finish.


I have invented so many wheels that my barn is full.  Not one of them works as well as the original. I have limped along with them for years and it is time to burn the barn.
When you have a milestone in your life, you reassess where you are and where you want to be and what you have to do to get there.  
I have a big milestone coming up in January and I figure that it is time to rely on someone else's wheel. The MREA book teaches just that.  Learn from those that have gone before you.
As an entrepreneur, (and if you are one you know what I am talking about) ,you, too, have a barn somewhere.  For us it is hard to settle down long enough to follow instructions.  In addition, the instructions might not have the same "wow" as our endless ideas.  
When those …

If Crystal Twitchell Married Curtis Mitchell Her Name Would Be Crystal Twitchell Mitchell

Pink House Team
806-290-1920
http://myamarillohomes.com

What is in a name?  Wasn't  Shakespeare the one that said "a rose by any other name would smell as sweet"? Does a name really matter?  What about a business name?

Do you think McDonald's would be as successful as they are today if it were named "Golden Arches"? Or Walmart if it were named "Big Blue Box".  I googled weird names for businesses and there were many that I won't even post here, but there were a couple.

How about "Hooker's Funeral Home" or "Ditcher, Quick, and Hyde--Divorce Lawyers"?

A couple of years ago I decided to name my team "Pink House Team".   Lots of people asked about John Cougar Mellancamp.  Being musically challenged, I had no idea what they were talking about until I googled him.

Other people have asked where the name came from.  It just popped into my head one day. Random.  That is, of course, the way that you SHOULD NOT chose a …

My Buyers Couldn't Qualify For A New Loan And How I Was Able To Solve the Problem For Them

My Buyers Couldn't Qualify For A New Loan And How I Was Able To Solve the Problem For Them

Pink House Team
Keller Williams Realty
806-290-1920

Sometimes it is hard to buy a house even if you have great credit.  One of the reasons for that is that if you are self-employed you may write off lots and lots of things.  That helps with saving taxes but it hurts when you are trying to qualify for a loan.

Recently I had just that instance happen.  The husband and wife drove truck all over the country.  And they wrote everything off.  Their credit was great but they didn't show enough income so they came to me to see what their options might be.                                                

Since the Pink House Team does a lot of owner financing, that is where we started.  The thing about owner financing is that there are a limited amount of houses that are available at any given time.  We looked for a couple of weeks at what was there and I called all my investors, asked other age…

Fairy Tale Land? Wishful Thinking? Reality?

Pink House Team
Keller Williams Realty
806*290*1920

It's true!  I just listed one of my own houses and I was thinking about what I want to happen and I came up with a novel idea!  I want the most money in the least amount of time with the least amount of hassle!!

This got me thinking about what I can do to really help my sellers better.

I ran my own Comparative Market Analysis (CMA) and I realized that I was somewhere in  Fairy Tale Land.  I was looking at how much I have in it and how much I want to net.  I tell my sellers all of the time that it doesn't work that way but yet here I was doing it myself.  I now understand how my frustrated sellers feel!

After studying the CMA I moved right into Wishful Thinking.  I did the square foot price for active listings.  That didn't look too bad but I did notice that the Days On Market (DOM) was longer than I hoped for.

Then I found Reality.  Looking at the comparables I saw that the sold listings had a significantly lower price p…

@@@@@ I Am A Little Spanish Stucco @@@@@

Pink House Team
Keller Williams Realty
806*676*6341


Fun 2/1 Spanish Style house.  Two big bedrooms and the main area is 14' x 24'.  Big enough to have a dance!  Check it out!









Owner/Agent
Keller Williams Realty
7304 SW 34th
Amarillo, TX 79121
http://pinkhouseteam.com

Get Your Real Estate License and Start A New 2014 Career!

Pink House Team
Keller Williams Realty
806-290-1920

The New Year is upon us and what better time than to start a new and exciting career in Real Estate!  Keller Williams can get you a discount on the classes, instructions on how to get your license, and training to get you started.

Call me today for more information!  Don't wait! Do it today!!

Pamela Madore
Pink House Team
Keller Williams Realty
7304 SW 34th
Amarillo, TX 79121
http://pinkhouseteam.com
806*290*1920


What Realtors Do When They Are Bored

Pink House Team

Nothing.  They do nothing and that is why they are bored.

A Great Realtor is never bored.

A Great Realtor knows the market and and knows how to interpret it so you can decide on your price.

A Great Realtor doesn't leave you in the dark but rather communicates with you on a regular basis.

A Great Realtor knows how to negotiate your contract to be sure it is a win-win for everyone.

A Great Realtor is regularly enrolled in classes to be current on any changes in the rules.

A Great Realtor markets your property on purpose.

A Great Realtor is familiar with financing options for buyers and sellers.

A Great Realtor knows and understands the stress a real estate transaction can cause.

A Great Realtor knows that in order to provide great service they need a Team of specialists to be the job done right!

A Rock Star Realtor is all of those things rolled into one!

Pamela Madore
Pink House Team
Keller Williams Realty
7304 SW 34th
Amarillo, TX 79121
806*290*1920
http://pinkhous…

"Team Work Makes The Dream Work" In Amarillo

Pink House Team

You can't be everywhere all of the time.  No matter how hard you try.

That is why "Team Work Makes the Dream Work".

When I was in high school I was quite the basketball player.  That was back when 5'6" was tall.  I go so far back that the only person allowed to go the whole length of the court was the center.  The guards and the forwards had to stay on their respective ends of the court.  Anybody remember that?

I was the center so I was back and forth over the whole court.  I learned early on that I couldn't be everywhere all of the time.  I needed team work.  The more we played together the better we got. During practice we learned what each other's role was in the event that someone fouled out and we had to fill in.  Generally speaking, though, we all excelled in our given role.

I am still a team player and always will be.  The Pink House Team has its forwards and guards and we all specialize in our "One Thing".  By doing so …

We Know Hillside Terrace In Amarillo

Pink House Team
Keller Williams Realty
806-290-1920

Hillside Terrace is a community of newer houses and townhomes in SW Amarillo.  Keller Williams Realty has either listed/sold or both, 57% of the homes in the last 12 months.  We know Hillside Terrace.   The Pink House Team at Keller Williams Realty Realty will send you information on the neighborhood by clicking here.  Mention Hillside Terrace,

More than 600 houses have sold through the Multiple Listing Service since its inception and houses started selling in 2006.

In 2009 Canyon Independent School District built Hillside Elementary School to service Hillside Terrace's children.  Students from K-4 attend the school.  Great Schools lists Hillside Terrace as an 8 out of 10 ranking.

If you are thinking of selling your house in the next 6-12 months click here to get your home's value.

Moving into the neighborhood click here to see what is available today.

Pink House Team
Keller Williams Realty
7304 SW 34th
Amarillo, TX 79121
8…

Free Comparable Market Analysis In Amarillo

Pink House Team


I, Pamela Madore, am not an appraiser.  An appraiser is licensed and trained to do an appraisal.  To get a license an appraiser needs more than 150 hours of classes.  Then testing, testing, testing and training.  
My point is that appraisers are trained extensively to find property values and as Realtors we have minimal experience in comparison.  However, we are trained enough to be able to compare properties that are for sale and those that have sold.  That is called a Comparative Market Analysis (CMA).
Complete Form


We always have to remember that the value of the property is worth what someone will pay.  The advantage an appraiser may have is that we have found a buyer that is willing to pay X amount for your house. 
I like to do a CMA at the beginning of the listing process and then every couple of weeks after that. There are times when the market is stable enough so that there isn't any change.  At the moment, however, our market is changing sometimes even week…