No Contingencies to get property worth it?

[Dave S.]

In a cut throat market, your offer needs to stand out above all others.. Cash is king, quick close, above asking, etc.. Waiving of contingencies is usually up towards the top of the list too. At the surface it sounds risky to do this but is it? What is the worst case scenario, you lose your EMD (Ernest Money Deposit) if you want out? You still have time to do inspections but you cant use this as a get-out-of-contract reason. So are there ways of standing out (i.e. using the attractive no inspections / contingencies approach) and risking even less thats bulletproof?