What to Know Before Buying a Home in Clearwater, FL

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Understanding the Clearwater, FL Housing Landscape

Strongly considering a home purchase in Clearwater? Smart move! You selected a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers across the country and know the Clearwater housing market well.

Clearwater is growing by the day, which means Clearwater homes don't always come cheap. Continued support for local businesses and cultural growth have helped to entice young families, new businesses, and retirees to the Clearwater area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Clearwater and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When buying a home in Clearwater, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Clearwater will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Clearwater's hottest attractions.

Are your finances in the right place to buy a home in Clearwater? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Clearwater. We help new and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Clearwater.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Clearwater. After that, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Clearwater will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, figure out what a realistic down payment would be for you. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

It's Go Time! Buy a House in Clearwater, FL

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Clearwater. Contact Mr. Cooper as you get ready to buy a house in Clearwater. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Clearwater, FL

Take it from these Mr. Cooper home buyers and sellers in Clearwater, FL: We love helping homeowners. Call now to see how we can serve you.

Make buying or selling a Clearwater home easier.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.