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Why would someone want to enter into a contract now, to purchase a condo with a tenant in place for another 6 months, and not close until August 2016? If buyer closes now, he could collect rent for 6 months. The tenants are wonderful, cooperative people who pay their rent on time. Also, doesn't this present a risk to the seller - taking the property off the market for the next 6 months? What if the buyer backs out of the contract?
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If you have all of the contingencies met and have a deposit he can not get out of the deal. he may not have the funds now and expects to have them in six months. you could always increase the deposit to make sure the buyer does not back out.
Answered on Feb 08th, 2016 at 2:12 PM