Selling land - is a 100% white transaction possible?
I am selling a piece of land and the actual market rate is higher than the government market rate. My agent is suggesting to deal in black and that this is how things work.
He said that the sale agreement will reflect the government market rate and the rest of the amount will be given to us either as cash or as a personal cheque. I am not comfortable with both these options and want to keep it completely transparent and reflect the actual sale amount in the sale agreement.
Can anyone who has recently done any real estate transaction please let me know the process. I just want to know how things work and that there is hope for a full white transaction. Thank you.