Appraisal Waiving Stress

[Chris Brillante]

I am currently looking for a multi-family house in the Somerville area and am running into an appraisal issue when putting in offers. I was just recently beat out on an offer as another buyer completely waived their appraisal contingency. Is this going to be the norm going forward? I had incorporated a term in my offer waiving up to 10K for the appraisal and I thought that was crazy. The thought of waiving the appraisal contingency entirely seems reckless. But it also seems to be what wins homes. Just curious to get your thoughts and maybe advice dealing with this moving forward. Thanks!