Thanks for all of your feedback guys, it has been most insightful. I am hoping to get one of the 3 folks that have shown interest to purchase the car and I will let you know how it goes down..

 

another thing that you could have him do in order to avoid the checks bouncing and stuff, is that you could have him do a wire transfer of the $$ directly from his account to your account. That way you wouldn't have to worry about counterfeit checks or waiting on anything to clear.