Further to your "buyer" you most defiantly have nothing if you don't have an offer in writing, as on a signed contact, which you will then negotiate to the best possible figure
Every business person MUST investigate every option or be sorry they didn't, all you lose is your time in negotiating
Never take any advice from others who do not know all your circumstances, only you know that and it is far more than a simple price discussion, so get information from everyone you can so that when you make a decision you are fully aware of all the facts.
Digglet appeared to suggest that the best option is to build.
But can you build and hold the property for the next 5 to 8 years if the recession/depression takes hold?
Any decision you make must be one that puts you in a better position than you are in and maybe the buyer can expedite the required paperwork much quicker than you, maybe the buyer is setup to get it built and on the market within 6 months, what is your time frame to completion
Do your research and at this time with so much uncertainly in the economy don't be greedy in trying to get the maximum out of it, quick easy profit can be sweet
