Hire a specialist Realtor
Your time is very valuable. Hiring a real estate agent will save your time and money. Taking the time to go aimlessly on weekends and scanning the weekend newspaper is time consuming. Find, preferably through referral, a professional, fulltime Realtor that knows the market industry and you will save your lots of time and energy.
With a hot real estate market comes a rise in the number of Real estate agents. Many of them are part time. Be sure you employ someone who can adequately handle your transaction.
Be realistic about home prices
As you learned the market you need to understand to not look for the property it does not exist. I am not expressing just accept a sellers price. Once you learn the market you can determine which properties are overpriced, underpriced or priced just right. You can also browse http://45east22.com/ to learn about madison square park condos.
Don't try to find the deal of the hundred years
I see too many people try to look for homes undervalued or a "steal". They have waited on the sidelines for some time looking for that deal of the century. In the mean time home prices have been going up. These individuals would have made out there better if they just picked out the best home in their price range that suited their needs.