My parents are selling their house. Listed for $260,000. Offer accepted for $254,000. The buyer who "has a realtor friend" wants to make two transactions, one for $200,000 and another in cash for 54,000 for the "contents of the home". The only thing is we aren't selling any contents beyond the normal things, appliances and washer and dryer. We have a lawyer who is closing the home for us and he said that it was questionable but has no idea why they would want to do that. My thought is it's done to get around something, like taxes and I don't want anything to come back on my parents later. I work in the mortgage industry and have never heard of someone doing this. Does anyone know what the reason for wanting to do this is and is it legal in the long run? Any insight is helpful, we just wanna get the house sold.
Read more: Home for sale by owner. Buyer wants to make two transactions. What's the reason for this?
