This typically happens when you don't see your dream home in your price range. You start looking just above your top price and presto there is a home you love. If you aren't too far above your top price there is one technique I use with my buyers. First discuss this with your realtor or me. Decide how high above your top price you can look without being too high to make a reasonable offer on a home. Then when you find your dream home, write the best offer you can. I usually present these offers to the selling agent starting off that my buyers love your home but it is a little more expensive than they can buy. I say we have written our best offer and here is a copy of the preapproval letter showing how much my buyers can pay. We are not trying to insult the seller as we love the home and we ask that the seller look at the offer and if he can approve this price we have a deal, if not, we appreciate that he took the time to look at our offer.
This technique has been very successful for me and my buyers. It doesn't always work as sometimes the sellers can not sell at that price, but usually everyone walks away feeling good about the offer.