1. DON T TRY TO BUY MORE HOUSE THAN YOU CAN AFFORD What s really important is that buyers set realistic expectations about what price point they re searching in. If you qualify for $500,000, you should look at homes priced at $425,000 or $450,000. You can t compete at $500,000 anymore, because everything s going over. You can make an offer for a $500,000 home, but there are going to be eleven or thirteen other offers, and you ll have to offer more to have a chance. So looking for homes priced at below the qualifying amount sets people up for success.
2. PAY ATTENTION TO THE NUMBER OF DAYS A HOUSE HAS BEEN ON SALE