Should buyers take the plunge this spring?

March Buying Advice: Pending sales are up, and experts say the economy is stronger. With mortgage rates still pretty attractive, it might be time for some fence-sitters to become homebuyers.  They are saying the prices have gone about as low as they are going to go. So now is the time to jump into the pool of buyers for the homes that are still at great prices.  Pending sales are up and inventory is down.  In our area in Tuscaloosa, Alabama we actually are having difficulty finding homes for buyers that are looking in the $135000-$165000 range.   So , how should this shape your strategy?  As a buyer you need to be prepared for the downpayment that will be required.  This amount  will depend on what type of loan you choose.  It is best to speak with your lender to get a good picture of how you need to proceed.  Also you will need to make a list of your desired amenities in a home.  You need to be realistic and realize you may not be able to get all on your list.  So prioritize your list to must haves and needs and then wants. This will help your buying process tremendously!  Then you need to interview agents so that you can decide on the right person for you .  This may take a few days or a week or so , but it is worth it to make sure you get an agent that is truly going to work for you!  If you are a 1st time home buyer you especially need to choose someone who specializes in 1st time home buyers!  This person has been trained to focus on your needs and help educate you about the process at the same time.  Take your time but be proactive and your buying process will be enjoyable!