Land contract scam?
Can't quite figure out what the angle might be (maybe $ laundering?), but we recently got an offer that has the feeling of a scam to it. Has anyone else heard of this or a similar scenario?
Out-of-state (driving distance) buyers with no agent of their own approached our agent looking to pick our house up as a second home. Buyer proposed a cash sale for full asking price plus sharing our agent's commission, making close to 3 years of monthly payments and receiving the title at the end. Buyer doesn't want to pay interest but will let us stay in the house for a good chunk of the time they are making payments. The buyer waived most of the inspections on our antique house. The buyer explains this arrangement by claiming to be heir to a large fortune. Of course, we would have identity, background and credit checks done, but I'm wondering if this situation rings a bell with anyone?