A million bucks right now is a considerably more valuable thing than a million bucks 30 years from now.

Keep in mind that the EMD is a form of consideration, and there can be none without the fully executed agreement.

The cost of a deck high enough to walk under would be considerably higher, and built to a much more stringent code than a patio cover.

Plus, there is also the highest and best use consideration as well.

The same is true for return air boots, venting considerations, gas piping, etc.That's why it's so hard to get an apples to apples comparison in quotes.

You have no further liability to complete the contract, the seller has no basis for a lawsuit (they can always still try), and nobody's credit is going to be ruined.If you deal with that seller again in the future, maybe they will just trash your contract.If it was an individual seller, you may have caused them considerable pain by not following through.

Since many buyers right now are using FHA loans, this is an important consideration.

Then on top of that you have all the other expenses which you could have paid out of pocket for or had added to the financed sales amount.Then there is the depreciation consideration which is based upon the total purchase price, which the downpayment is a part of.

The 70 % formula is just a general rule of thumb and is based on selling to cash buyers, it does not take into account the cost of hard money or the commision to sell the property if using a top gun realtor (which you should) so...to take into consideration some of your buyers will be using hard money to finance the purchase and they will be selling the finished product through a realtor -make you offers at 65% of the ARV rather than the standard 70%.

Again, your strategy is important to take into consideration when evaluating a deal, there is no one way.