Adding more info:
My Agent suggested that I bid 15k more to make sure I get the house. I express my concern of appraisals coming low, but he said that would not happen in Torrance market. As I am First time home buyer, i went with my agent. Even though i had a gut feeling it wouldn't. Now without my appraisal contingency how can I walk out of the deal without losing my earnest money? The only two contingency i have on my contract is Inspection and Financial. I am right now on deadline of removing my inspection. Can i use the inspection to walk out?