Many factors would have to play into that. There could be a house listed for $250K that is really worth $275K that will end up in multiple offers. There could be a house listed at $250K only worth $200K because the seller is unrealistic at the time.
If you want to look at houses higher than you can get a loan for I would bid on short sales. They take a while with no guarantee but if you can snag one you can usually get a good deal.
I work the area if you are looking for a Realtor.
Good Luck if I don't hear from you.... more