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Keep looking and keep offering. Never offer more than you will be able to peacefully live with (financially and emotionally) in the long run. Right now, because the stock market is near an all-time high and the economy is doing well, and interest rates are down, it is a seller's market -- at least in areas people are moving to. Be happy you're not looking in Northern California. Up here the house next-door sold for $200K over asking price in CASH bought by some parents for their daughter who was about to be married. Happy Wedding, dear. Yeah, must be nice.
Just be patient and something will stick. Things happen for a reason. I wouldn't buy something that's not perfect because you are afraid of getting boxed out of the frenzy. Work with your agent to develop a strategy to get your offer accepted. Sometimes that can be things other than offering more than asking price. It can include shorter escrow, putting a cap on what contingencies you'll want (like taking some things as-is and needing repair), writing a personal letter to the sellers, putting more money down, etc. What the buyer wants is to get the most money with the least amount of work or trouble, the quickest. Keep that in mind and work with them but don't do anything you won't be happy with in the end.
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