Selling $500K home for $300K raises eyebrows

Q: I have a property that is worth $500,000 that I am selling for $300,000. I know it is worth $500,000 because I had it appraised recently at that value. A buyer wants to pay me $400,000 and then have me give him $100,000 back after the closing.

Is this legal?

A: If your property is truly worth $500,000, you should get paid that amount and any contract to sell the property should accurately reflect what you are getting paid for it.

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