This Blog is about important things that have to do with buying and selling real estate. And how to get a mortgage. There are a few ramblings, too. If you put your email in just below and press submit you can get the latest and greatest information as it happens, Enjoy
Pamela Madore The Pamela Madore Group Keller Williams Realty http://pinkhouseteam.com 806-290-1920 What is a short-sale and how can it help you avoid foreclosure? If you are a shopper like me then a short-sale is when my favorite department store is selling shorts at a very good price. In the world of real estate, a short sale happens when a seller gets in financial trouble and really doesn't want to let the house go into foreclosure. The short explanation is that the seller is asking the bank to take less than what they owe, The seller has tried to sell the house but hasn't been able to at the price needed in order to pay the bank all that they owe. During the 2005-2007 crazy real estate bubble, the value of houses increased in value two, three, and four times what the property was worth in 2004. Interest rates were low and buyers were able to buy what would turn out to be way beyond their means. The mortgages offered carried no protection for the future of the buyers, There were adjustable rate mortgages that literally guaranteed when it adjusted (usually in 2 years) the buyer would not be able to make the payment. Basically, buyers were being set up for failure. Other types of mortgage included, no income verification, no down-payment loans. no rules at all loans. Buyers were being set up for failure in many aspects. Suddenly, the $300,000 house that you mortgaged for a $295,000 on a 2 year adjustable rate loan became a very bad decision. In some parts of the country the crash was tangible. You could feel it. That $300,000 house is now worth $100,000--remember that buyers determine the price.
Then it was a snowball. We are still seeing some fall-out from that time but there are other reasons, too. Job loss is a big one. Family emergency and many other reasons. Interestingly, since there have been so many short-sales in the last few years that it doesn't carry the same stigma as it once did. If you are finding that it is harder and harder to make ends meet, call today. The sooner you get started the easier it is. I speak from experience. My own experience. Pamela Madore The Pamela Madore Group Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com 806-290-1920
One of a kind. This is country living close to town. This house has 3 bedrooms that could all be masters because they all have walk-in closets and full baths. Everything has been renovated. New, new, new. Oh, and did I mention it has two kitchens? Remember in the olden days we had a summer kitchen and a winter kitchen. Throw in a 30 x 40 shop, dead end street, RV hook up and dump station....
Pamela Madore The Pamela Madore Group Keller Williams http://pinkhouseteam.com 806-290-1920 Not All Houses For Sale In Westover Are The Same As Amarillo Realtors, we have an opportunity to search for homes by area. Some of these areas include places like Greyhawk, Hillside Terrace, CityView, Belmar and many others. When you put in a search for "houses for sale in Hillside Terrace" you are going to expect to find pretty similar 3 or 4 bedroom houses in the $200,000 price range. And that is the norm.
When you put in a search for "houses for sale in Westover" you may expect the same sort of result. But sometimes you find a gem--something you aren't expecting. Here is my "houses for sale in Westover example".
8505 SW 77th Westover
There are 32 houses for sale in Westover today. They range in price from $174,000 to $459,000. They are the typical houses for the area with a larger range in price and size than many other areas. But wait. What is this? Tucked in among the 32 houses is a 3/3/2 on 1,47 acres with a 30 x 40 shop! Now this house is right on the southern most edge of Westover and it is not typical BECAUSE it is outside of city limits. Do you know what that means? You could live in Westover and have a couple of horses. You could run a business out of your shop. City use properties and County use properties aren't the same. You should always check for use before you decided to put a chicken farm on the property, just in case. See my point. My team and I go above and beyond to find the property that you need. Most Realtors would not search Westover for country property for sale. Houses for sale in Westover. Let's look. Pamela Madore The Pamela Madore Group Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com 806-290-1920
Pamela Madore Keller Williams Realty http://pinkhouseteam.com
This is a 5 bedroom, 3 bath house with 2 living areas. The square footage is 2595 and it was built in 2002. You may have heard a lot about short-sales being nightmares but we have the best short-sale expert west of the Mississippi.
Don't be shy. If you have a little time before you have to move, make an offer,
Call me. 806-290-1920 Pamela Madore The Pamela Madore Group Keller Williams Realty 7304 SW 34th Amarillo, TX 79121 http://pinkhouseteam.com 806-290-1920
Country living outside of the city limits but within the loop. Can you believe that? Perfect for everyone. All on 1.47 acres.
8505 SW 77th Amarillo TX
Let me tell you about the house. It is a 3 bedroom and three bathroom. You could actually have 3 masters the way it is set up. In addition, there are two full kitchens. It sounds weird I know but it flows very well and could easily be a mother-in-law house and quarters.
8505 SW 77th Amarillo, TX
The shop is 30 x 40 and has all of the appropriate electrical stuff that all men want. It has those really tall doors. There is an RV hook-up too.
I have time to show it to you. Call today! 806-290-1920
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Two story cottage style home on a quiet street. Currently the house has 2 bedrooms, and office and two living areas. The seller is contemplating building a true third bedroom out of part of the 2nd living area. It would flow nicely. Would that change your mind? Are 3 bedrooms better than 2? Look at it today!