Egads!  The market is crazy right now -- would be home buyers have to include escalation clauses and they certainly couldn't include an inspection contingency or an appraisal contingency!?!

Right?

Well... yes... often... but not always.

Sometimes you might be looking at a home that has been on the market for 3, 7 or 10 days -- without an offer on it as of yet.

Should you offer full price, waive an inspection and opt out of an appraisal contingency?

Not necessarily.

As funny as it might be to say this...

If a house has been on the market for a few days and does not have any offers, go ahead and go crazy... include that inspection contingency, and the radon test contingency, and the appraisal contingency, and... wait for it... maybe even try to negotiate a bit on price!?!

Certainly, your offer might spur on another offer, and then you might be in a competitive offer situation where you are revising your offer and removing your contingencies... but you might just find success in buying a home with a few of those used-to-be-normal contingencies.

** results may vary based on property type, price range and location **  ;-)