First Property Found

[Amber K.]

Hello all,

After a number of months scouring local MLS listings and FSBOs, running numbers, and walking through a considerable number of properties, I finally found it. My first property. While considering what amount to offer over dinner, I received a call from my awesome real estate agent that another offer was accepted at 1pm earlier that day. Apparently this property had a cash offer open for a few weeks and the buyer had set an ultimatum to get a response. Cue, my heart breaking.

Should I consider this property gone?  Is it possible that a contingency won't be met?