I am trying to purchase a home. The selling price for the want I want is $215,000. It is beyond my budget. I was told that the sellers can't drop their price because they will loose money. I want my mortgage to be within my means... Is there anything I can do to change their minds? When they say it is a"Buyers Market", should I not be able to bargain for anything, I want?

Have you already been pre-qualified for a loan? I am curious, because knowing how you determined that it is out of your budget is important. Depending on the sellers they could have many reasons for not wanting to lower the price. Even though it is a buyers market, they may have their reasons for not budging. They may owe that much already and don't want to take the loss, they could have sunk lots of money into upgrades in the home and have some emotional attachment to it's "value" (or their perception of it), a home nearby might have sold for that price recently so they think it's fair... these are just a few reasons they may be holding on so tight, of course there could be many other reasons. Don't count on what they tell you to be the real reason.

I think that knowing your budget is truly important. While determining that, don't forget that you also have to pay property tax and homeowner's insurance. Knowing what loan programs are out there are important too. How long you intend to own the home and how stable your current income will be in the future (will it be more, less or the same in the future?) are also very important.