Bryan Watkins, Principal at LRA Real Estate, shares expert insights on the 10 most important points for new home buyers. Discover essential tips for a successful home-buying journey. Read now!
Introduction
Are you a new home buyer? Look no further! Bryan Watkins, Principal at LRA Real Estate, is here to guide you through the process. With his extensive knowledge and expertise, Bryan shares the ten vital points every new home buyer should remember. From setting a budget and getting pre-approved to researching the location and prioritizing needs, this expert advice will empower you to make informed decisions. Get ready to embark on a successful home-buying journey with Bryan’s valuable insights!
- Set a Realistic Budget
“Establishing a realistic budget is crucial,” advises Bryan. Analyze your finances and determine what you can comfortably afford. Consider down payments, closing costs, and ongoing expenses. By setting a budget within your means, you’ll avoid financial stress and find a home that fits your financial goals. - Get Pre-Approved for a Mortgage
“Pre-approval is a game-changer,” It demonstrates your seriousness as a buyer and simplifies negotiations. Obtain pre-approval from a trusted lender to understand your purchasing power and set a clear price range for your search. - Research the Location
According to Bryan Watkins, “Location is everything.” Research proximity to amenities, schools, transportation, and future developments. Evaluate neighborhood trends and property values. Choosing the right location will enhance your lifestyle and ensure a wise investment. - Prioritize Your Needs
“Know your needs and priorities,” advises Bryan Watkins. Make a list of must-have features to focus your search. This will save time and help you find a home that aligns with your lifestyle. - Hire a Qualified Home Inspector
Bryan emphasizes the importance of a home inspection. “A qualified inspector protects your investment,” he says. They identify potential issues and provide a comprehensive report, ensuring transparency and informed decision-making. - Understand Total Cost of Ownership
“Factor in all costs,” he advises. Beyond the purchase price, consider property taxes, insurance, utilities, and maintenance. Understanding the total cost of ownership allows you to budget effectively and avoid surprises. - Explore Home Loan Options
Research different loan options, such as fixed or adjustable-rate mortgages, FHA or VA loans. Bryan Watkins advises, “Compare terms, interest rates, and fees.” Finding the right loan will save you money in the long run. - Think Long-Term
“Consider your future plans,” Evaluate the home’s potential for growth, resale value, and adaptability to your evolving needs. A forward-thinking approach ensures a wise investment. - Work with a Knowledgeable Real Estate Agent
“Partner with an expert,” advises Bryan Watkins. A knowledgeable agent, like Bryan himself, guides you through the process, understands your needs, and ensures a smooth transaction. Their expertise is invaluable. - Review and Negotiate
“Carefully review contracts,” Bryan suggests. Seek professional advice and negotiate terms that align with your best interests. A diligent approach safeguards your investment.
Conclusion
With Bryan Watkins as your guide, you’re equipped with expert knowledge for a successful home-buying journey. Remember to set a realistic
About the Author
Bryan Watkins is a Principal and co-owner of LRA Real Estate Group LLC, offices in Mesa AZ and Meridian ID. He help clients as a hunter-gatherer of real estate knowledge and properties. You can contact him at bryan@LRAphx.com or 480.734.7878