As far as the property - it is what it is.

As for it being under contract - that could go either way. Keep your iron in the fire because financing isn't as easy to get these days. If you really want it - don't blink.

But at the same time it doesn't hurt to keep looking. I've seen a couple guys lose out on a piece of property they had their hearts set on only to happen upon land they feel blessed with.

Good luck.