Offering to buy, when it is under contingent contract
This hasn't happened yet, but I have wondered if there is any etiquette in this situation. We are looking to buy. Some houses are under contingent offers. We don't need to sell and are pre-approved by a bank. Inventory is tight in the small area we are looking at.
How can I approach a seller about making an offer on a property that is under a contract contingent on the sale of the other buyer's house?
One seller did not respond to my agent's inquiry about their contingent property. Another seller has offered to let me see the house in case her contract fell through.
Has any of you done this before? What I gather from the forum is that agents discourage this practice. It seems a little rude to come in and break a contract ... on the other hand it is in the seller's interest to seek better offers. So I wondered if there is some etiquette to it.