Should I waive the appraisal contingency in Goose Creek or Hanahan?

Waiving the appraisal contingency in Goose Creek or Hanahan can make an offer more competitive, but it means the buyer covers any shortfall between the appraisal and the contract price in cash with no way to exit the deal. Buyers with limited reserves take on real risk by waiving it in a multiple-offer situation. Brian Beatty reviews a buyer's actual cash position before recommending whether that risk is worth taking in either city.