HELP - Foreclosures and contingencies to home inspection

[Nick SyWassink]

Aright Guys, 

   We found this property (foreclosure) well below market values $35.00 sq ft.  I left a contingency for a home inspection, in case there is something I am not seeing. 

    However there is now multiple offers on the property and they have given us until monday to make our best offer.   Our agent told us that we should drop the home inspection contingency and up our offer.  She said that most people do not have that contingency on a foreclosed property.  

    I am planning to get in there with my contractors monday, to define my costs a little more thoroughly before making an adjustments to our original offer.  

    I am looking for your opinion.  Do we leave the home inspection in the offer or take it out?