Donna Birschbach - The Birschbach Team
Keller Williams - Madison
DO NOT DROP THE INSPECTION. Sorry if that was too loud, but I feel very strongly about inspections. 2 days is barely enough time to get a qualified inspector out to see it and review the report. Banks don't mind inspections; they just won't do much work. If something major is uncovered, like a roof, they may do it or consider a lower price, but I don't believe dropping the inspection is a good strategy unless you are a contractor able to take on whatever is found.
Banks want money, it's that simple. If this house is really what you want, pay for it. In 5-10 years the difference between what you offered originally and what it may take to buy it may not mean that much.
On the other hand, it sounds like you are making an emotional decision. Take a few minutes to think through all of your options, before you decide either way. New homes are coming on the market every day and the spring is the busiest season. Let us know how it turns out.
BG is correct, the market is dynamic and the banks rules are to get the most they can and minimize their losses. I've also noticed that once I get an offer for one of my listings, another offer often seems to appear. People tend to want something as soon as someone else is also interested.
Verbal offers aren't worth the paper they are not printed on and any serious agent and seller knows this. You can improve your offer with an escalation clause requiring proof of whatever offer you are competing with. Talk to your agent about this strategy, I've used it successfully many times.
Best of luck.