I get a little mention in this article on mortgage contingencies. Unfortunately waiving your right to this protection can be the tipping point for getting a deal done. Yes, some of our clients elect to go this route, they are sophisticated enough to understand the risks and we certainly don't candy coat them or ever suggest this route. But after losing many "best and final" situations it can cause a buyer to rethink their position. In all the cases our clients have waived their right to a financing contingency they had a back stop if the worst case scenario came into play and they could not secure financing.
Good-bye, mortgage contingencies: tight inventory leads buyers to risk their down payments