Monday, November 28, 2016

It's Christmas Time! My House Is For Sale. To Decorate or Not To Decorate?

Pamela Madore
Keller Williams Realty
806-290-1920
http://iloveamarillo.com


It's Christmas Time! My House Is For Sale.  To Decorate or Not To Decorate?

Everyone says that buyers love the looks of a house all decorated nicely for Christmas with all the lights and smells.  A nativity scene with all the camels and what-not along side the fireplace with a blazing fire is comforting.   And then all of the presents wrapped with bows under the tree wrapped with matching paper and stacked evenly.

The outside of the house is all lit up!  There are lights on the eaves and Santa on the roof top.  The front yard has lighted candy canes and dancing reindeer.  What a beautiful Christmas! Says the buyer.

Here is the seller.  I am going to spend hours putting all of that up and someone is going to want to buy in time for Christmas.

 


Timing.  How long after Thanksgiving do you wait until you decorate?  Now that is a strategy -- because if it takes 30-40 days to get financing, then you are pretty safe to decorate and have it remain intact until after Christmas.  :-)  Let's say maybe on December 3rd to be safe.  Of course, the buyer may have cash.  *sigh*



Oh wait.  The family is used to putting the up the tree and all of the decorations the day after Thanksgiving.  :-(   We then run the risk of spending hours with all of the decorations only to have to take them all down two days before Christmas.  And, of course, we bought a house so now we have 1 day to reassemble. 




I'm a buyer.  "Oh how pretty".  I'm a seller.  "What the heck?"







Right now I have a seller that is closing on their house on Dec. 28.  Decorate or not?



Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
http://iloveamarillo.com
806-290-1920
pam@pinkhouseteam.com

Saturday, November 26, 2016

Use My Lender and Lender Fees Are Waived! 3117 Fleetwood

Pamela Madore
Keller Williams Realty
806-290-1920
http://3117fleetwood.iloveamarillo.com
Owner/Agent

3117 Fleetwood Drive
$158,000


Yup it is true.  The lender will waive lender fees which will be a great savings for you!  I will even chip in some so it is possible to get into the house for under $7000!

It is a townhouse but has no maintenance fees.   We share a common wall with one other townhouse.  
3117 Fleetwood   Great Room

Our townhouse is surprisingly big at 2902 sq ft.  The great room is really GREAT!  We have 3/2.5/2 with a separate office and two patios.  All tile except bedrooms.  The master bedroom is right around 15' x 18' .  His and hers walk in closests.  




It is laid out perfectly for two masters each with their own office/sitting room and patio. 

Come on over and take a look!

Pamela Madore
Keller Williams Realty
3955 S. Soncy Blvd.
Amarillo, TX 79119
806-290-1920
http://iloveamarillo.com
Owner/Agent

Friday, November 25, 2016

New Year? New Career!

Pamela Madore
Keller Williams Realty
806-290-1920


Keller Williams Realty is an awesome place to work.  We love each other like family--with little tits and tats now and again.  But our culture of giving cannot be outdone

Keller Williams Realty has been named by Training Magazine as the #1 training company across all industries in the world.  If you want real estate training, personal growth, and unlimited potential we are the place to be.

Keller Williams Realty is an International Company so you join me at KW in Amarillo and then move to a different country and expect all of the same values, systems, and models.

Keller Williams Realty is build by agents for agents.  We promote ourselves and our businesses.  That is why you see different signs for different agents from KW.  We brand ourselves.

Keller Williams Realty is game changer.  New Year?  New Career!!!

Contact Me for more information
Visit http://joinkw.iloveamarillo.com.

Wednesday, November 23, 2016

Don't Let The Fear Of Foreclosure Cause You To Bury Your Head In The Sand

Pamela Madore
Keller Williams Realty
806-290-1920



Don't Let The Fear Of Foreclosure Cause You To Bury Your Head In The Sand


I have a tendency to bury my head in the sand when I have a difficult problem that really needs addressing.  I know it is not the right thing to do but sometimes it is hard to face the cold hard facts.

It is not always easy to see in the future but it is mostly true that you can "feel" what may happen.  

So with my head in the sand, I had to do a short-sale on a house I owned. That is just one step less than a foreclosure.  In hindsight (Monday morning quarterback) if I had just thought about it and not waited until it was too late, I could have sold the house.  I might not have made 5 cents but at least I wouldn't have that on my record.

Lesson learned.  The hard way.

If you can "feel" a future problem with your house, don't wait.  Maybe income changes or expense changes or maybe the house needs more work than you can afford to do.  

Do something about it NOW.  Just making a pro-active decision  will make you feel 1000% better.  Trust me.

If this is you, or anyone you know that needs a favor, call email or text me. Please don't be embarrassed.   I have been in your shoes and I know how it feels.  

Your situation is confidential.


Pamela Madore
Keller Williams Realty 
3955 S Soncy Rd
Amarillo, TX 79119
806-290-1920
pammadore@kw.com



5 Reasons Your Dream House Told Me To Give You A Call!

Pamela Madore
Keller Williams Realty
806-290-1920



5 Reasons Your Dream House Told Me To Give You A Call!





  1. You have been on the fence long enough!  Your dream house is waiting for you and it is time you came to see it.   It is exactly what you are looking for.
  2. Stop riding up and down the streets looking for
    your dream house by yourself! Let me save you gas and I will find it for you.
  3. Just because you don't think you can buy your dream home because you don't qualify doesn't mean that you actually can't.  Let me show you how you can.
  4. You think that the market is bad and it isn't a good time to buy.  Your dream house is available 24/7/365.  It doesn't matter what the market is doing.  Your house is still there.
  5. I am calling you because you didn't call me!  How else am I going to tell you about your dream home if I don't call you?

Those are 5 solid reasons for me to call you and tell you about houses.  So expect my call today!

Pamela Madore
Keller Williams Realty 
3955 S Soncy Rd
Amarillo, TX 79119
806-290-1920
pammadore@kw.com
http://iloveamarillo.com  
 




Why Are Closing Costs So High When Buying A House?

Pamela Madore
Keller Williams Realty
806-290-1920


Why Are Closing Costs So High When Buying A House?


That is a very good question.  I spoke with a buyer today that was hesitant in making an offer on a $150,000 house because his closing costs were going to be $8000.  What could possibly cost $8000!

Often times the closing costs are more than the down payment.  This is especially true on an FHA mortgage where the down payment is 3.5%. 


Let's look at what some of these closing costs and other expenses are.  Most of these are paid at closing but not all of them.

Your first expenses will be any inspections or tests that you may have done on the house that you are buying.  These can range from $250 to as much as $1000 depending on what type of inspections you desire.  Generally speaking the average for a home inspection including a termite report is about $350. 

Your next expense will be the cost of the appraisal.  The appraisal is the one that tells you how much the house is worth.  Currently, appraisals cost about $500.

You will need a survey of the property.  It is possible that the seller has a survey but if not you will have to have one.  The survey tells you where the property lines are and currently run about $500 for a house lot.  If you are in the country and buying an acre or more that number will vary.

Who is keeping track?  We are somewhere between $1350 and $2000.

Another big expense you will have is your homeowners insurance.  The lender will require that you pay for it one year in advance and place 2 months in your escrow account so that when the bill comes the next year you will have enough in it to pay for the following year.  Let's say your insurance is $2000 per year.   That would come to a total of $2,333 for your homeowner's insurance.

Now let's say that the taxes on the house are $2500.  The seller will be responsible for the taxes until the day of closing and you will be responsible for the rest of the year.  That is figured differently depending on the month of the year you close.  The tax bills come out November 1.  But for our purposes with the prorations and accounting for when your first payment is due, you will end up putting about 3 months worth of taxes in your escrow account.   That is $625.

Who is keeping track?  We are now between $4308 and $4958.

Now we move into lender fees.  Not all lenders charge exactly the same thing but most are very similar.  These fees include things like a lender title insurance policy, underwriting fees, processing fees, attorney fees, and a few other incidentals depending on the lender.   My best guess would be that  these fees would equal about $2000.

Lastly,  we are at the title company to close.  Their fees range from $185 to $250 depending on the title company you use.  

Who is keeping track?   Now we are ranging on the low side at about $6500 and on the high side about $7200.

In my example above, the buyer also had to pay for his own title insurance policy (typically a seller expense) of $1180.

So doing all of these numbers, you can easily see how you can get to $8000
pretty easily.  The two things that have the greatest variables are the cost of the homeowner's insurance policy and the amount of taxes on the property.

I hope this breakdown has helped you understand how this all works.  As a Realtor representing you, a buyer, I will negotiate and have the seller help with closing costs.  

Let me give you an estimate of closing costs for the house you choose with me!


Pamela Madore
Keller Williams Realty
3955 S Soncy Rd
Amarillo, TX 79119
806-290-1920
pammadore@kw.com

5 Reasons To Sell Your House During The Holiday Season

Pamela Madore
Keller Williams Realty
http://iloveamarillo.com
806-290-1920

5 Reasons To Sell Your House During The Holiday Season


People love the feeling of joy and hope during the Christmas season.  They are looking forward to a new year and a bright future.  One of those things could very well be a new home.  If you wait until after the first of the year to list your house, you will miss all of those buyers!

Buyers that are looking during the holiday season are serious buyers.  They could be at ToysRUs or Sears but instead they are looking for a new home. They have a specific reason that NOW is the time to find a house.  Do you want to miss those buyers?

You have a chance to Light Up The Season with all of your holiday decorations. One of the best showing times is when you are decorated with Christmas lights and a tree and gifts waiting to be opened.  Those buyers will love the idea that next year their Christmas tree will fill that space.  Don't lose out on those buyers!

This is a time when buyers aren't looking for green lawns and pretty flowers. They don't expect to see those.  What they are expecting is to see a clean layout of the house and maybe some great smells.  Not overwhelming smells. Just great ones.  A little snow on the lawn may help with an optimistic view! Don't let them drive by without stopping!

And lastly, this may be the only time of year that you can get away with a little
mess.  Buyers are going to expect to see some wrapping paper laying around or a can of pumpkin spice on the kitchen counter.  Your closet may be full with hidden toys and buyers will understand it.

If you are thinking that you should "wait until the first of the year" to put your house on the market, you will miss a lot of buyers.



Pamela Madore
Keller Williams Realty
3955 S Soncy Rd
Amarillo, TX 79119
806-290-1920
pammadore@kw.com

Tuesday, November 22, 2016

Owner Financing and Other Non-Traditional Ways To Buy A House

Pamela Madore, Realtor
Keller Williams Realty
http://iloveamarillo.com
806-290-1920
Licensed Loan Originator
#289635


For many years owner financing or investor financing was a popular way to finance a house.  The buyer would put down a down payment, GET THE DEED, and then make payments to the seller or investor.  

Notice that I capitalized GET THE DEED.  The reason I did that was because I wanted to exclude rent-to-owns or lease options from our discussion.  Both of those are totally different from true owner financing.  In those cases you are really only an evictable tenant.  

With new laws in effect through  the Frank/Dodd act many of the avenues for owner financing or investor financing were affected greatly.  Many owners and investors simply stopped doing them because they were afraid of some of the penalties that could happen.  None of these penalties apply to investor purchase--only for owner occupants.

The good news is that some of the financing rules are loosening up.  It may be in the next year or so that we will see a surge of owner financing available again.

In the meantime, some lenders are creating programs for people that can't qualify for a traditional loan.  A couple of the new programs that I have are mortgages for people with only an ITIN and another program for self-employed buyers that uses only bank statements as proof of income.

Very often I have people come to me with no hope of ever buying a house.  I seem to have the reputation of  "last resort" even though I have some really great other programs.  LOL  

It is my pleasure, however, to help these buyers find and buy their dream home.  Does that describe you?

Please call, email or text.  I will ask you a few questions and get you headed in the right direction!  


Pamela Madore
3955 S Soncy Rd
Amarillo TX 79119
806-290-1920
pammadore@kw.com
http://iloveamarillo.com  

How About A Ski Vacation in January at Breckenridge CO?!!

Pamela Madore
Keller Williams Realty
806-290-1920

How About A Ski Vacation in January at Breckenridge CO?!!

OK.  I admit it.  I am a timeshare junky.  I collect weeks like most people collect shoes.

This is how I do it.  I buy the cheap weeks.  Then I put them into the Interval World "pool" for certain time periods and just wait for them to tell me when I am going!

That works really good as long as you don't get duplicate weeks or just plain too many.  This year I got a little over zealous I guess and I ended up with 6 ski weeks for the season.  I will use 3 or 4 of them but I can't go for all 6.  I might as well move there!

So I need to rent them and I need your help.  It would break my heart to let it set empty or even worse I would have to use them all!
Grand Timber Lodge

This is what I have:

January 1-8 a Studio at the Grand Timber Lodge --$1000
January 15-22 a Studio at the Grand Timber Lodge --$1000


Studio At Grand Timber Lodge Sleeps 4


January 14-21 a one bedroom at the Grand Lodge on Peak 7--$1500


Grand Lodge on Peak &


Both places are "ski-in/ski out" resorts.  That means you walk out your door and put your skis or snowboard on and you are off.  No bus or shuttle rides.  You can just go back to your room for lunch if you want.  
One bedroom on Peak 7  Sleeps four or you can get cots for a couple of kids.

No car is needed.  You can fly into Denver and take a shuttle right to the front door.  Both places have restaurants and spas and ski rentals on site.

Take a look at their websites for more information and pictures.  Also take a look at the quaint town of Breck. They do have a Starbucks.

http://www.grandlodgeonpeak7.com
http://www.grandtimber.com
http://www.breckenridge.com

Some people ask me if you have to sit through a timeshare presentation.  You do not.  If you decide you want to, though, ask for Bob Gibbs.  They usually give you $100 to use at the spa.  :-)

More questions?  Call, text or email!

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
806-290-1920
http://iloveamarillo.com

Friday, November 18, 2016

ITIN--Individual Taxpayer Identification Number--Now You Can Get A Mortgage!

Pamela Madore
RMLO # 289635
Licensed Loan Originator

ITIN--Individual Taxpayer Identification Number--Now You Can Get A Mortgage!

It has been a long time coming but now you, too, can get a home loan to buy a house.  There are many reasons, as you know, why you haven't been able to get a mortgage up until now.
ITIN Mortgage


This is not a traditional mortgage.  That means that you don't have to qualify in the same way as you would if you have a social security number.  This can also be used for a married couple that one has a social security number and the other has only an ITIN.

It is best if you have established credit.  I am not able to run a credit report and get a credit score without a social security number but you can provide documentation that gives us a history of your payments.  You can provide utility payment history, cell phone, car insurance or anything else that you pay monthly.  
3117 Fleetwood

This opportunity allows you to choose which house you want instead of in the past either having to pay all cash or find an owner that will finance their house.  Either of those two ways will likely not get you the house that you want.

If you speak mostly Spanish (I don't) you will need to bring a translator to our meeting or I can perhaps provide one.  I certainly want you to understand all of the details!

Please call, text, or email me so we can set an appointment to come and see me.

I am also a licensed real estate agent at Keller Williams Realty so I can help you find a house, too.

I look forward to seeing you soon!

Pamela Madore
#289635
AND
Keller Williams Realty
3955 S. Soncy 
Amarillo, TX 79119
806-290-1920

This Post Is To All Of The For Sale By Owners (FSBO) People That Are Trying To Sell Their Own Houses.

Pamela Madore
Keller Williams Realty
806-290-1920


Stress is Real
This Post Is To All Of The For Sale By Owners (FSBO) People That Are Trying To Sell Their Own Houses.

If this is you, you are definitely my hero.  How you have the time, the energy, handle the stress, and anticipate the paperwork and negotiating is beyond me!

Currently,  I have my house for sale.  I have been a Realtor for 150 years (almost) so you would think this would be easy.  Wrong!  I haven't had this much stress since (not mentioning any names) was President!!

Have you seen that commercial on television where the lady is "nose blind"?  What the commercial is about is that once you are in your own comfortable environment you don't see (or smell) what other people do when they come in your house.

When I come in to your house I can immediately "see" and "smell" what needs to be done to make it pleasurably and therefore salable to a new buyer.  I can tell you that you need to take the Cheerios off the top of the refrigerator and remove 6 of the 8 bottles of shampoo in the bathtub.

But when it is in my own house I become paralyzed.  I know that less is more when you are ready to sell your house.  How much less?  I tell everyone to take down most if not all of the family photos so a new buyer can see themselves there and not you.  Oops.  I guess I need to go take down some pictures.

So I have had a few people come to look at my house and suddenly I am tongue tied.  What do I say? I know I need to keep my emotions out of it but when someone says my house should be torn down and rebuilt it does make an impression.  

When I show your house I know exactly what to say and how to say it.  I know how to show it in the most favorable light.  I know how to "pre-qualify" my buyers both to narrow down which houses they will like and also financially.  I know before I take them to your house whether or not they can buy it.

I had some people come to my open house.  Oh my gosh, they gushed over it.  I am thinking, great!  They wanted to talk to the bank the next day with the exact figures to be sure everything would work.
I never heard from them again nor would they return my phone calls, text, or emails.  Still trying to not get personally offended.

That is when I realized that when I sell your house I "buffer" you from the stress that can come with all of these false showings and unqualified people and never call me back people.  But when I do it for my own house I don't have anyone to buffer for me.

How do I negotiate one on one with a buyer?  For my own house?  What if they say,  "What is the least you will take"?  How do you answer that?  "What is the most you will pay"?

When I act as a Realtor representing either a buyer or a seller, that is the point when we have a discussion about needs and wants and talk about numbers and motivation and when you want all of this to happen.  When I am the owner, I can see this can be a very difficult conversation.

And then the paperwork!  Since I am a Realtor I know all of the required paperwork necessary to comply with the law.  What if I wasn't a Realtor?  How in the world could I possibly know?!

My house hasn't sold yet.  It hasn't been on the market long enough to meet current averages so I am not worried.  In addition, I expect it will be another Realtor that brings me the offer so I won't have to worry about all of the negotiations and paperwork, etc. because they will take care of all of that from the buyer's end.

It is still quite possible, however, that I will find the buyer myself.  In that case, I may just hire a Realtor.  If this resonates with you----maybe you should hire a Realtor, too.

Call, Text, of Email.  Let me be your "buffer" and make sure you aren't "nose blind". 




Pamela Madore
Keller Williams Realty
3955 S Soncy Amarillo TX 79119
806-290-1920



Saturday, November 12, 2016

Town House Living At Its Best

Pamela Madore
Keller Williams Realty
806-290-1920

Townhouse Living At Its Best

Townhouse living is great!   They come in all shapes and sizes and price ranges.  Let me tell you a few things about why townhouse living can be the greatest thing since sliced bread.  


3117 Fleetwood Drive

I am going to talk to you about a particular townhouse actually.  Mine.  I have lived in it almost 10 years and my husband and I have decided to be a little more mobile.  

Here is a picture of the outside.

Pretty cool, huh.   We have a get fireplace.  It is both gas and wood burning.  In our particular case we share a common wall with only one neighbor.  There are no association fees of any kind either.

A great thing about our townhouse is the size.  It doesn't look all that big from the outside but inside you will find a roomy 2902 sq ft.  Yup.  That wasn't a misprint.  Almost 3000 sq. ft.  Let me show you around.


3117 Fleetwood Drive
3117 Fleetwood Drive
This is the living room--the great room with the really tall ceilings.  Maybe 20 feet or so.  Tile floor with really big windows.  This view is looking toward the front door.  Great fireplace with built-up hearth.  It is really nice on Amarillo cold nights.  This picture on the right is looking from the front door into the living room.  That door you see way off there in the distance leads into the office.  The office has one whole wall of built-ins.  Let me show you the dining room.
3117 Fleetwood.
This picture is looking from the kitchen into the living room.  See all of the storage?  All four corners of the dining room have the same storage.  That is only a four top table but the room could easily fit an 8 person table.

3117 Fleetwood

3117 Fleetwood

Here are a couple of kitchen pictures. If you look in the first picture you will see it goes right into the dining room and then the living room.  So the middle of this great townhouse is a straight line.  Living room, dining room and then kitchen.

I am going to let you go to my website to look at the rest of the pictures.  But know that on either side of this straight line are two more straight lines.  One side is office, master bath, master closets, master bedroom and then patio.  The other side is 1/2 bath, bedroom, jack and jill bath, bedroom (I use for a sitting room) sunroom and back yard.  

The house is laid out perfectly  for some empty nesters taking care of elderly parents.  Or just a family that likes the kids on one side of the house and the parents have the privacy of the other side.

Take a look at the pictures and then let's take a look in person.  

Pamela Madore
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
806-290-1920
http:/iloveamarillo.com
Owner/Agent