Update: On the day I was preparing my offer on this property with the broker, another offer was accepted. It is probably a good thing for a variety of reasons. Thank you to everyone who has responded to my post. I learned alot from your responses.
Something for you to consider for the future. If you write an offer contingent on many things (inspection, appraisal, obtaining a loan, etc) you are doing more to protect yourself. If you write it so that the seller pays the closing cost (inspection, appraisal, etc) THEY pay the cost of the inspection and appraisal and if it doesn't work out, they are out of pocket, not you. Depending on your jurisdiction, you only forfeit earnest money if you back out without good cause. You've paid the owner for them taking their house off the market.
Something that occurs in N.C. is there are two phases now to buying. There is a period for "due diligence" and a period for "closing". Your realtor can explain the two is the same applies to where you live.
I looked at ten houses, made offers on six houses, and got to the inspection phase for two houses before I ended up closing on one house. Don't be emotional, be "financial". The $200 inspection I paid for saved me from buying a $30,000 rotten foundation problem. That was the estimated cost to repair rotted support beams. I call that a very good investment on my part.
I learned many years ago that if something was meant to be it would be. If buying any house, car, etc starts to cause you emotional strain, that is nature's way of telling you to walk away. There will ALWAYS be another house.