Seller postponed closing till Jan 1st for his tax purposes

[Carlos Martinez]

Hello everyone. I posted a few weeks ago about a 4 plex I was planning to put an offer in. Refresh, 4plex in NM with very low rents ($375 for 2bd 1bth) and asking price of 174k. I am going to use my VA and I will occupy one of the apartments. You will see from the previous post that the current numbers for the apartments create negative cash flow but the rents are at least $150 under for that area and can easily be increases with a few upgrades. ( I have seen 3 units myself).

Anyways, I put in the full asking price with the conditions that they cover all closing costs (VA requires 3% of loan amount), rent rolls, income and expenses for the last 2 years, current leases and any account that has been set up aside for repairs of building and deposits for the current tenants if any. I am new to all this so I might of have missed something or messed up but I'm learning. Is there anything I should ask for in exchange for the condition that we close as he requests? On the 1st?

Initially they accepted the offer and scheduled to close on Nov 1st and accepted all conditions. Today I received a call from my agent telling me that they would like to push back the closing till Jan 1st because if its before, the seller will get penalizes on his taxes. I have no clue what he meant by that or if that is something that's true.

I would greatly appreciate any help or advice! Thank You