Should I make competitive offer if property is already under contract?

[Ivan Jouikov]

There's a property that I really liked (from description) but it went under contract before I got a chance to see it. I asked my Realtor what about making a competitive offer and he said it's sufficient to let the listing agent know that we also have interest in the property and they should contact us if their deal doesn't go through.

Another guy I talked to told me that some agents will break contracts (even in the middle of inspection) if a more competitive offer is on the table. There are potential legal consequences, but nobody pursues them (especially in the SFR world).

Any recommendation? Should I insist my agent make an offer? (he said they're in the inspection period).

[Jon Holdman]

Falling in love with a house is a sure way to lose money, or, at best, not make as much as you should. Let your agent make the listing agent aware you're interested if the current contract breaks. There's a fair chance it will. Meanwhile, move on to the next 10 properties.