Breakthrough Real Estate News, Keeping Current Matters!

 

March 17, 2018

Breakthrough Real Estates New Training Program is Creating Millionaires!!

Have you heard about Breakthrough's new Agent Training Program? It is AWESOME!!! It is geared to agents of any experience to take advantage of. It's crazy detailed and not easy, but for those who can tough it out and "Graduate" you will have the career of your dreams and accomplish all your goals whether it's becoming a Millionaire, providing for your family, retirement, vacations or launching your business to the largest and fullest it can be, this is your tool. 

Breakthrough Agents go through the tough training and hard work to perfect our craft, provide the maximum level of service to our clients and lay the proper foundation for a long lasting successful career in Real Estate. If you would like to take part, please call 602-938-5415. 

Please like our FB page, follow us on Youtube and Click Here to Check Out Our Website

Josh Ezell

Designated Broker and Owner of 

Breakthrough Real Estate & Property Management

Josh@BREPM.com

Posted in Real Estate News
Feb. 22, 2018

Cost of Home Ownership May Increase 15%??!!! Is Now the Time To Buy/Sell?

Thoughts on this Realtor Magazine Article

by Josh Ezell

The AZ Real Estate Market is HOT!! Especially the Phoenix Area where we have not even 2 months supply of homes for sale, great average sales prices, and lots of qualified buyers just looking for the right home. For many sellers, this also poses a tough question," How do you time the market?" Easy answer: You Cant. It is impossible to time the market BUT think of this. You don't want to sell at the peak. Where will you go without also paying peak prices? You want to sell with room to still improve (at a better appreciation base line at that). With rising interest rates, the hot market and supply, NOW May be the best time ever. Let's dive deeper into this.

What impact does the price you pay for the home have compared to the loan you get for said home? HUGE IMPACT. The price difference between paying $350,000 and $355,000 for a home is easy to gauge, $5000. Is it worth paying $5000 more "than list price" right now? In a rising market, of 4% average appreciation per year, that home is going to rise in value by $14,200. By paying $5000 you are bringing a net profit of $9,200 by acting today. So is it worth paying the slightly higher price? Absolutely. You are actually making money and our market was at around 7% last year. So far this year it is looking even better.

Now lets look at the loan you get. Interest rates are on the rise, we hear this, but what does it mean? Let's look at an example of the difference in an interest rate of 4.5% and 5% on a $355,000 home. The monthly payment at 4.5% is $1798.73, rounded to $1799. At 5% the monthly payment is $1905.72, rounded to $1906. That is $107 more per month for the same home at the same purchase price. Let's look even further since the average mortgage is 30 years. The total cost of the home at 4.5% at the end of 30 years would be $647,642. At 5%, paying it off after 30 years would cost $686,059. That's a $38,417 difference! Does .5% make a difference, YES! 

The monthly payment also impacts how much home you can afford.  The higher the interest rate, the higher your monthly payment for the same home. By reverse engineering the payment to purchase price, lets look at how much home you can purchase using the same $1800 payment. At 5% that $1800 per month will now only allow you to purchase a $335,000 home. $20,000 less home, for the same monthly payment!

The flip side of this is you are able to purchase a little "more home" for the same monthly payment if you ACT NOW. Buy jumping early you can buy the home with the upgrades you really like, for the "same monthly payment". Meaning you will love the home that much more AND it will bring you that much more actually dollar amount in appreciation each year with the same percent. 

Lastly, lets blend them together and look at a overall impact: By acting now, AND paying $5000 more than "planned" the appreciation will raise the value of your home by $14,200 and NET you $9200 (approx). Next, will you save over $100 per month, $1200 per year, and $38,000+ in the long run.  You purchased a $355,000 home at the same monthly payment as a $335,000 home at 5%, making your money work harder, go farther, and earn you more. $20,000 (discount or More Home) + $1200 monthly payment savings + $9200 Appreciation = $30,400 True Benefit (excluding tax benefits, cash flow for rental, etc.)

Compound the market, savings, interest, appreciation, happiness, tax benefits, and it all adds up... NOW IS THE TIME! Call me today, I would be very happy to discuss these topics, further. Enjoy the Article Below!!

Josh Ezell,

Designated Broker, Owner 

Breakthrough Real Estate &

Property Management, LLC

Josh@BREPM.com

Higher Rates Could Raise Housing Costs 15%

If mortgage rate forecasts pan out, home buyers might see their mortgage payments grow by 15 percent this year, according to a new analysis by CoreLogic, a real estate data firm.

CoreLogic economists predict that mortgage rates will increase by about 0.85 percentage points between November 2017 and November 2018. The median sales price of a home is projected to increase 2.6 percent in real terms over that same period.

Based on that, CoreLogic researchers predict that the inflation-adjusted typical mortgage payment will increase from $804 in November 2017 to $910 by November 2018, a 13.3 percent year-over-year gain. In nominal terms, CoreLogic researchers say the typical mortgage payment’s year-over-year increase would be 15.5 percent.

As such, home buyers could see a larger portion of their incomes devoted to mortgage payments.

Still, adjusted for inflation, the average mortgage payment puts homebuyers’ current costs at historical ranges, CoreLogic researchers note.

“While the inflation-adjusted typical mortgage payment has trended higher in recent years, in November 2017 it remained 36.4 percent below the all-time peak of $1,263 in June 2006,” CoreLogic reports at its Insights blog. “That’s because the average mortgage rate back in June 2006 was about 6.7 percent, compared with an average rate of 3.9 percent in November 2017, and the inflation-adjusted median sale price in June 2006 was $245,259 (or $199,900 in 2006 dollars) compared with a November 2017 median of $212,460.”

Source: “Forecast Suggests Homeowners’ ‘Typical Mortgage Payment’ Could Rise Over 15 Percent this Year,” CoreLogic Insights Blog (Feb. 15, 2018)

Posted in Real Estate News
Feb. 10, 2018

The List Price of a Home Means Nothing, by Josh Ezell

Right now the Phoenix area Real Estate Market is exploding! This is wonderful, we were hit hard by the fall and it is wonderful seeing our market just as strong if not stronger than 2007. Currently it is a sellers market, there are not enough homes active, which means prices are rising. As a seller where do you price your home? As a buyer what is a good offer? In any market whether a strong sellers market or a hot buyers market there will be list prices of homes, this means absolutely nothing. Here is why:

 

It is important to have a great agent guide you through the process. We will help you get the best deal possible on your new home, and help your get top dollar in the time you need when selling your home. Both of these require skill, research, experience and a strong pulse on the market. Find a Realtor you trust and run with them. Breakthrough is always looking for great agents and we love to help buyers and sellers achieve their goals. Give us a call today!

Josh Ezell is Designated Broker and Owner of Breakthrough Real Estate & Property Management

602-938-5415 and Josh@BREPM.com

www.BreakthorughRealEstateAZ.com

Feb. 10, 2018

Royal Village Apartments, Remodel is ALMOST COMPLETE!

Royal Village Apartments in Glendale, AZ is BEAUTIFUL! The remodel is almost complete, just a few more large projects to go. Check out the latest video update, and then if you are looking for a new apartment, inquire after the video. 623-939-8615. Conveniently located off 59th AVE between Olive and Northern. 

 

Click here for more info Royal Village Info

Feb. 3, 2018

REALTORS, what is YOUR cause? What can your clients stand behind?

Realtors, What is your cause? What is it that you believe or stand for that your clients can stand behind you for? What is motivating or driving force that can do a huge amount of good AND provide your business with clients and goal setting help from more people than you can imagine? Can you imagine getting the entire community behind you giving you business because they knew that by doing so, you would do the most good?

 

Realtors have an amazing rare opportunity to help people on a massive level, which then allows us to help others on an equally massive scale, if we plan and handle our business the way we should. Let's do this. Make 2018 the Year of Realtor Impact. 

Check out this video and let me know what your cause is?

What are you going to do that will a) benefit the community or somebody else and by doing so, will then b) benefit you? 

Josh Ezell

Designated Broker/Co-Owner 

Breakthrough Real Estate & Property Management

Josh@BREP.com

Jan. 27, 2018

Have you heard about Breakthrough Real Estate & Property Management's Management Services?

Have you heard about Breakthrough Real Estate & Property Management's Property Management Services? Chances are no you haven't. Rest assured, it's not too late and it has been worth the wait. BREPM offers a full service management experience at a huge value.

Snowbirds, if you have a vacation home, BREPM will be your eyes and ears while you are away. We offer twice a month walk-through's where our agents will check all your landscaping, pool, any other services you may have, and we will walk through the property running all your faucets keeping your pipes good and clean (keeping the critters out), checking for leaks, cracks, bugs, any other potential problems. This is such a great service, your property is a huge investment, and being away for 6-9 months at a stretch is a long time. BREPM will watch and care for your property as if it were our own.

Investors, for your rental properties, we pride ourselves on bringing you the highest rents possible, while bringing the best tenants possible to protect and grow your investment portfolio and return. We have taken over many multi unit properties that were under performing for one reason or another and have improved the property, brought in strong tenants, which allowed raising rents which in total drastically improved the property values. For the investors this means more NET profit and HIGHER property value.  Many owners and managers are afraid to "rock the boat". This is a great time for Phoenix area real estate, your investments should match the market. 

From Single Family rentals to vacation homes, from duplexes to multi hundred unit apartment complexes and HOA's. BREPM can and will manage your property to the best benefit of you the owner. More service and protection at a HUGE Value. Call today for more information or to schedule a consultation at one of your properties. 602-938-5415 or Josh@BREPM.com

 

Posted in Real Estate News
Jan. 25, 2018

Updates to Royal Village Apartments, Look at these new Units!

Jan. 19, 2018

Excited as Royal Village Gets Closer and Closer

The One Bedroom Kitchen

 

Royal Village Apartments,in Glendale Arizona is getting closer and closer to completion. Today I was able to take a 

tour of the Royal Village 1 Bedroom remodel. It is wonderful!! Here is a tour of the unit:

View Tour of the Awesome One Bedroom Remodeled Unit

We have work going on on several 1 bedroom and 2 bedrooms units currently.

Next week the grass and common area work will start.

The clubhouse will be finished next weekend.

Much more to come, stay tuned!

If you would like a tour or to find out what we have currently available check out: 

http://www.breakthroughrealestateaz.com/royal-village-apartments/?view

Or Call 623-939-8615

Jan. 17, 2018

Royal Village Apartments in Glendale AZ

Welcome to the Royal Village Apartment Complex. This is a gorgeous mid-rehab 150 unit complex with a unique Island Atmosphere. The grounds are filled with green lush landscaping. The units are large and open with new finishes and updates. The pool area has been resurfaced and new comfortable stylish patio furniture awaits your day off.    

Click Here for the Property Tour

We are finishing the clubhouse, when it is complete there will be a full kitchen, 3 tv's, games, tables and more. This will be perfect to hang out, hold parties and gatherings and so much more. 

We have a great common area with a large grassy area, and soon there will be a large "island hut" style patio area with BBQ's, tables and shade, this will be perfect for Birthday Parties, Games, Families, Weekends and pretty much whatever else you may want to do.

We have units ranging from Studio's to 3 bedrooms. All very nice sized with Patio's, Washer and Dryer Hook ups, covered parking.

Royal Village is conveniently located in Glendale, AZ off 59th Between Olive and Northern. Near Glendale Community College, the loop 101 freeway, Westgate Shopping Center, and much more. 

Inquire today for our move in specials and what units we have available. We have newly remodeled units available weekly. 

Jan. 17, 2018

What a great property! RV Park Near Mogollon Rim