By: Tara-Nicholle Nelson
1. Self-control. There’s a lot of hullaballoo about multiple offers, above-asking sales prices and crazy amounts of cash being thrown at sellers, these days. So much, in fact, that some industry observers and participants wonder whether the frenzied market that led to the last market crash might be repeating itself.
2. Math. You can’t control yourself and your spending without first understanding what you can and cannot afford. Almost every modern house hunter knows that they are supposed to decide for themselves what they can and cannot afford. But in practice, many still view their mortgage qualification limit as the true upper limit on what they can spend for a home.
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