I am just very confused making my final decision of which option would be better.

Also file a complaint with the CFPB Submit a complaint | Consumer Financial Protection Bureau (consumerfinance.gov)Regarding do you have any legal action - you can prove you do not owe it but you will not get any compensation - courts have ruled long ago the only recourse you have is actual money you lost - there is no "pain and suffering" if a statement is incorrect and you have to fight with them on it.

Here's why this is so important for negotiation and decision-making.First, understand the seller's professionalism and sophistication.

I'm a big "life doesn't exist on a spreadsheet" guy, but I'd suggest letting the numbers influence your decision rather than the hesitation to let the once in a lifetime rate go.

Because of this, I would say this is one of the smaller factors you should base the decision on, unless you're extremely bullish on the future Cape Coral market outlook

Aligning decisions with financial goals, risk tolerance, and lifestyle preferences is crucial.Good luck!

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

I chose to mention grad school because it plays a big decision in my first option as well.

Making decisions as applications come in is a very good way to end up in court. 

If you prefer something with less immediate work and are willing to pay a premium for a newer property, the new development could be the way to go.Good luck with your decision!