When the demand for houses in a sizzling marketplace outweighs the supply of houses available, many consumers think the highest offer is a sure-fire way to claim ownership of their dream home.

Accommodate the seller. As a buyer, you have to be flexible. Whether it's being willing to close one month earlier or later, do your best to meet the seller's desired closing time. Additionally, be willing to overlook the more minor and but less-than-perfect characteristics of a given home because other prospective buyers may not be able or willing to do so.

Prepare. If you are willing to make the investment, then you must be a qualified, solid, desirable buyer. Get a copy of your credit report and settle any debts that may be outstanding. "You'd be surprised how many people get turned down for a loan because of an old debt they had forgotten all about." Get pre-approved for loans and mortgages. "The seller wants and needs an ideal buyer, someone who is stable and ready to make a commitment to the property.

Connect with the seller. Create a rapport with the seller and let them know why you prefer their house to others. "Homeowners are emotionally connected to their home. Even when selling their home, they often feel tied to the integrity of the house. Because the seller loves the house, they are usually inclined to sell it to someone who will love it too."

Eliminate as many contingencies as possible (use caution, inspections protect the buyer and seller). This will give you an advantage when involved in a bidding war. If you have a home to sell before purchasing, sell it first. Reducing uncertainty makes the buyer more appealing to the seller and will create leverage for the buyer. Inspections contingencies are always recommended.

Show them the money. Be willing to increase the size of your down payment or make an all cash offer. Sellers favor strong buyers. If you can afford to make an all cash offer, do so. That's almost always a definite way to slam-dunk a sale."

Work with the best; agents have reputations that go a long way towards completing the deal. Choose a winning personality with a track-record of success. There are very good reasons why some agents complete a large volume of business sometimes helping buyers win without the highest possible price.