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Showing posts from December, 2016

How To Earn More Than 100% Of Every Real Estate Commission Through Profit Share At Keller Williams Realty

Pamela Madore Keller Williams Realty 806-290-1920

How To Earn More Than 100% Of Every Real Estate Commission Through Profit Share At Keller Williams Realty

That sure is a mouth full.  And what in the world does it mean?  I am going to give you a lesson about commissions and how they work and how you can earn more and more each year without listing or selling any more houses than you did last year.
At Keller Williams we have many different opportunities available to all of our agents.  We aren't like traditional companies that offer you one thing and it becomes "rinse and repeat" every year.  That generally means that the day you take your last sign out of a seller's yard that is the day you are out of business.
Not so with Keller Williams.  That could be the first day of your new business!  Read this article called my "1096 Day Retirement Plan".  It might give you some insight.
At KW I teach a class on this from time to time.  Check with me…

How To Use Your Income Tax Refund To Buy A House

Pamela Madore Keller Williams Realty 806-290-1920
How To Use Your Income Tax Refund To Buy A House

It is that time of year again when Uncle Sam sends you back the amount of money that you overpaid. You may already have plans for it but I would encourage you to think about buying a home.
It is tempting to wait until you get the money in hand to start thinking about what to do next.  That really isn't the best way to do it.  You might be afraid that you will be disappointed if it doesn't work. Believe me when I tell you that it will be more disappointing if you don't act first.
While you are waiting, the most important thing to do is to get approved for a mortgage.  It could be that there is something stupid on your report that needs to be fixed.  It is better to do it now than to find out at the last minute!
Maybe your credit scores are a little low.  That may not be more than a 30-60 days problem.  Once again, let's get it fixed up front.

Not sure you w…

New Year! New Career in Real Estate

Pamela Madore Keller Williams Realty

New Year!  New Career in Real Estate

Join the fastest growing real estate company in the world!
There must be a reason that people want to join Keller Williams.
We believe that it is about lining our own pockets and not that of the owners.  We are encouraged and trained to grow our individual businesses  under the umbrella of KW.  They provide the models, systems and tools necessary to become successful.  We aren't thrown out to the wolves with no idea what to do.  You have to be willing to plug in to the systems and learn and do what needs to be done.
Everyone  helps each other because it is important to all of us to have a growing market center.  I can show you how you can earn more than 100% of all of your commissions.Click here for more information.
Does that sound too good to be true?  It is too good to be true!  But it is true.  If you are going to be successful in the real estate business you have to realize this …

Don't Burst My Real Estate Bubble

I have been in the real estate and mortgage business all of my adult life.  I have seen ups and downs and been a part of all of them.
The first house I ever bought the interest rate was 3%.  I lived in a rural area so it was a subsidized loan.  The second house I every bought the interest rate was 18%.  That is what the market would bear at the time.
So you can see that there were 2 very different interest rates.  When something like that happens,  the price of the of the house needs to be what the market will bear based on the interest rate raises.   For instance, for every 1% the interest rate raises that takes about 8% of the buyers are out of the market.  They really aren't out of the market they just can't qualify for as much.
What happens then is that they don't buy because the type of house they want is to expensive or as a seller in order to keep your house in this buyer pool you are going to have to reduce the price of your house in order to get buyers to look.  Fewe…

I Want To Set My Own Hours, Come And Go As I Please. And Make Tons Of Money. I Am Going To Be A Realtor

According to the National Association of Realtors, the average real estate agent sells 12 houses a year. There is a pretty good chance that those Realtors came in with the "I Want To Set My Own Hours, Come And Go As I Please. And Make Tons Of Money.  I Am Going To Be A Realtor" attitude.

I know someone that "snickers".  I am inserting a snicker here.  That is my reaction to people that  believe the big bucks come that easily.  Of course, if you live in a market of multi-million dollar houses, selling 12 a year might be enough.  I will guarantee, though, that an agent who does that works their business.
There is a big difference  between "setting my own hours" and "setting my own schedule".  The agents that set their own schedules can then set their own hours, not the other way around.  Realtors can come and go as they please.  That works as long as you "come" to work and "go" when it is done.  The truth be known, most Realtor…

Remember This If You Are Buying Or Selling An Amarillo Home

Pamela Madore


"I didn't think it would be this hard".  That is what my buyer said today as we were looking at houses in Amarillo.  True, he wanted a specific thing at a specific price and that combination is hard to come by.  I blame myself, though, for the statement.  I didn't set expectations.

Setting expectations when you are selling your house or if you are buying a house is an important part of the process.  Setting expectations and being realistic are really two different things.

If you have a 2000 sq ft house that was built in the '60's and has had no updates and you want $500,000 for it, at least here in Amarillo, is unrealistic. If you are a buyer and you want a 5000 sq ft house with $5000 down and a payment of $600, that is also unrealistic.

On the other hand, setting expectations would be more along the lines of explaining the limited amount of houses that meet your criteria and the importance of making …

5 Things This First Time House Flipper Learned The Hard Way

Pamela Madore Keller Williams Realty 806-290-1920
5 Things This First Time House Flipper Learned The Hard Way

When you have been around the mountain a few times like I have,  you learn a few things.  Sometimes it takes more than once.  I have often been a "re-inventer" of the wheel so I suppose pretty much everyone else does the same thing.
Recently, I found a nice little house for a first-time rehabber.  We got it right and I got him the financing.  I told him a couple of things.  One was that he should be aiming at making $5000 on his first rehab---knowing he would make some mistakes.  The other thing I told him was to do a good job but don't overspend because of the area.  We were topped at resale price in the area.
Here are 5 things he learned----

I told him to aim at making $5000.  He aimed at making $20,000.  He was a little drunk on the perceived profit and thought for sure he knew what would be the things that buyers wanted.  He was instead thi…