What to Know Before Buying a Home in Sarasota, FL

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Understanding the Sarasota, FL Housing Landscape

Strongly considering a home purchase in Sarasota? Smart move! You picked a vibrant city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Sarasota housing market.

Given all of Florida's growth, Sarasota homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to entice retirees, new businesses, and young families to the Sarasota area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Sarasota and its nearby areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your perfect home! When buying a home in Sarasota, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Sarasota will help you see how the northern part differs from the southern part, where to find Sarasota's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Sarasota, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Florida or somewhere else entirely. We work with new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Sarasota.

First, estimate how much house you can afford. This will help determine the price range for your Sarasota house hunt. Next, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Searching the web for Sarasota averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, consider how much you can contribute to a down payment. A down payment of at least 20% can help boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, check your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

Make Your Move: Buy a Home in Sarasota, FL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Sarasota. Contact Mr. Cooper as you prepare to buy a house in Sarasota. 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 Sarasota, FL

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

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