When should you walk away from a bidding war?

Walking away from a bidding war makes sense once the price climbs past what a lender's appraisal is likely to support or past a buyer's own comfortable budget ceiling, whichever comes first, rather than continuing to chase a number driven purely by competitive emotion. Losing one house rarely means losing the only house that will ever fit a buyer's needs. Joel Boss helps buyers set that ceiling honestly before a bidding war starts, not in the middle of one.