When thrown into the ring of real estate combat, it's easy to begin focusing more on the competition than what's in your best interest and what you originally intended to accomplish. Overextending is too often the end result. Buyers must remember to maintain focus, stick to the guidelines established in their buying plan and be willing to give up on a property they desire.
Bidding wars are what sellers want and buyers have to be aware that they drive those wars. That's when the guidance of a third party really comes in handy. In these situations a good realtor will step outside of the ring and get into your corner. From here, he or she will detach from the emotions of the brawl and have the best vantage point from which to guide and instruct.
Buyers must be willing to listen, maneuver and attack as directed in order to reach their target and win the bout. Having a good plan is the key and executing that plan with patience is essential. In order to win, buyers must trust their agent and be coachable, and agents must trust their buyers fortitude and willingness to execute the game plan.
If agents and buyers are able to accomplish this they will work the market instead of the market working them. Sure they will take a few licks along the way, but they will give just as man and land a knockout home when the time is right.