Advice needed

[Val]

We have a buyer for our manufactured home who wants us to take it off market with the agreement of $500 earnest money and contigent upon the sale of their current home. I am in process of writting up a contract. With the contigency of their home selling, should I put in a time frame for that (I don't want to indefinetaly take it off market if their home doesn't sell in a couple of months or so)? They plan to pay cash for the mobile home after the close of their current home. The buyer has advised me that once they set a closing on their current home I can give my renters their 30 day notice to vacate.

The mobile home is currently located in a park and they plan to move it to their own property. Any other suggestions you could offer to include in the contract to protect ourselves would be greatly appreciated.

Thanks
Valarie

[Pendragon]

Absolutely you need to include a time limit. It can take months, even years to sell a home.

And that $500 should be non-refundable.