If not, you can refuse to close, but may lose your deposits.You can ask the seller for a concession, but if the contract doesn't allow for it, he's perfectly justified in refusing.

Value is ~775k.Used a great/expensive builder and hired a designer to make all of the choices on finishes.

End of the day building that relationship is the most important thing because there is no perfect deal but if you have that relationship it goes along way.

@Anthony Therrien-BernardNearly all of Alberta and Saskatchewan are at perfect points in the cycle to be buying... the asterisk here is the fomo bidding wars that have been happening since December.

Seems like a big undertaking for a new constructions... is the location so perfect that it makes ROI sense to build there? 

I have an on-market deal that is perfect, the price is actually under the MAO, and I’m aware of how much rehab it needs, ran comps, ARV, and I know the area.

In a perfect world I would like to do an FHA loan but I am not sure I would be able to since I recently did a cash out refi.

The perfect "unicorn" properties have the right mix of house + casita + lot size + parking + location. 

Other choice is to just borrow from this private lender and not split the profits.

Raleigh area has much more high tech companies in the RTP and Apple is coming in the next few years, seems to be a safer choice.