Due to the large inventory it's usually not worth making offers on contingent contracts. With CNTG/KO, you might have a chance to bump the other buyer, but you're a bit at a disadvantage since the seller already has an "egg in hand" (as opposed to a bird).
As for your agent, I would say they are giving you GREAT advice. With our new Georgia contracts you could be putting yourself in harms way by making offers on properties that you might be able to actually afford. In addition, your approval letter will give you additional leverage and prove that you are a REAL buyer.
Joshua from Gwinnett County