How to handle risks associated with no contingency offer

[James Z.]

Many realtors are suggesting submitting no-contingency offer in the San Francisco bay area: no inspection contingency, no appraisal contingency, and no loan contingency (including buyers needing mortgage). How to handle risks associated with such no-contingency offer? Thank you!   

[Brian Garlington]

Simple. Don't do it. I don't care how "hot" the market is....I ALWAYS tell my clients to have an inspection contingency and an appraisal contingency. If your realtor is telling you otherwise, get another realtor. As for the financing, you should already have that locked in before having your realtor write the offer.