BUYER wants cash-under-the-table for home, not SELLER (other post

[John Stephen]

While the total $$ offer is acceptable, BUYER approached and said they would buy the property if they could do half at closing on paper and half in a briefcase in cash. My thoughts are ...um, lemme do some research. One lawyer suggested it could be listed as "XX dollars and other valuable consideration." Realtor is on the fence about it, but probably because final sale price is reported to MLS and how to pay her agency fees would be shown as half-price. As I have both moral and professional license reasons, we would not be us hiding anything and deposits would be made into our bank so we'd still have capital gains tax. It's just BUYER who wants to pay that way because he's likely a cash-business, has it stashed and doesn't want the full amount on the deed. What would you do? A formal written offer has not been submitted to me yet by the realtor because I think everyone is feeling me out.