Do your due diligence 

Getting prequalified for a home is an excellent way to determine a base home price you can afford. But keep in mind, you may get prequalified for a home that’s actually out of your price range. It’s helpful to know how much a lender will prequalify you for, but remember, only you can understand how much you can afford within your monthly budget. Consider what else you need and want to spend your money on, so you’re not “house poor” with a mortgage that’s taking up too much of your income.

Remember that there’s no perfect time to buy a house

While real estate experts have plenty of data about the market, keep in mind that there’s never going to be one right time to buy a home — so don’t get discouraged by the current market. The market is fluid, and the only thing certain is change, so “timing the market” may be a futile exercise.

Target homes on the lower end of your budget

By considering properties below your price limit, you’ll have extra room in your budget to make counter offers in a competitive market. You’re also more likely to present an acceptable offer to sellers if the home fits comfortably within your budget, and you’ll prevent heartbreak when looking for a home.