Possible Zillow buyer scam with 14-day Termination Option

[Raquel Baranow]

I'm not new to Zillow, I've sold many properties there FSBO but this is a new one: Buyer appears to be a land speculator, I docu-signed a contract to sell a vacant lot and thought nothing about them asking for a 14-day termination option. I assumed they would put up the earnest deposit immediately.

They want me to take my listing down and I refused twice. (I changed it to “pending”.)

What do you think they’re up to? Listing price s $23,000, contract for $20,000. 

[Steve Vaughan]

Quote from @Raquel Baranow:

I'm not new to Zillow, I've sold many properties there FSBO but this is a new one: Buyer appears to be a land speculator, I docu-signed a contract to sell a vacant lot and thought nothing about them asking for a 14-day termination option. I assumed they would put up the earnest deposit immediately.

They want me to take my listing down and I refused twice. (I changed it to “pending”.)

What do you think they’re up to? Listing price s $23,000, contract for $20,000. 

They're probably trying to wholesale it and don't want to disclose to their end buyer they are offering no value for their assignment fee.  

Which of course their buyer would realize if they saw your listing.