If you are "crazy about" the property you can give it a try. Why not? What are the chances to get it? More like a roll of the dice. But it can happen. I had one early this year where my clients said "we're willing to wait" (knowing that was a short sale with an accepted offer; and it was a house in Clackamas). It turned-up that the buyers before us decided to move out of state. But I would say that we had a blind luck rather than real chances. Talk to you agent, see if the sellers are willing to entertain your offer (as a back up) and do what you feel you have to do. But I would advise to keep an eye open on other properties available and think more rational rather than doing with the heart. Good luck!!!