@David Avery Right now the agent is recommending requesting to split the earnest money since we received a flat no on exiting the contract and getting earnest money back.

I see that the market has 1 year appreciation already baked in.

There are a few things to consider here maybe; no.1 You've had some professional input on market value - if you've had more than one agent give you numbers that average out like this, odds are they are pretty accurate. no.2 Interest rates remain low right now, it's (in a lot of places) it's a seller's market and the kind of appreciation you're seeing in numbers indicate to me you're not in a flat market, but a more reactive one- good for now in your position but down the line is not a guaranteeno.3 If you're thinking about building a house here, I would be very certain the market could carry it- meaning if you're banking on the small pool of buyers that could afford the value now, plus a home (if interest rates remain lower and we are still talking about being well over $1M in market value)- is this something that your area can easily absorb or is there just a large pool of buyers that can drop or be approved for $1.5M+ in your area (I'm just adding in a value of what you said now plus an average home maybe).

The roof line looks like this: _/\_, and the building is 20x30 (10x20 on the flat roof line to one side being bedroom/bathroom, and then 20x20 for the /\_ roofline being the living area with the kitchen and dining area under the flat part of it.

We are internally well funded and ONLY building simple 3 story walk-up projects on flat ground.

We build in jurisdictionally friendly areas on flat land.

Some companies will do multi jobs for a flat fee. 

Especially since we have baked that step right into the process through our portal.  

However in FL, at least in Orlando, things are very different.

I had a fire on my 3-flat in Berwyn, and Berkshire Hathaway did something similar to your situation.