Real estate scams are a big problem in today’s real estate market. People are afraid of dealing with real estate agents and they don't want to hand over a huge chunk of their life which is probably the largest saving.
Consumers, Beware! White-Collar Crime is Invading the Real Estate Industry
Buying and selling the property is meth these days. In fact, most of the people found it even problematic than having a baby or switching job. And why not? Real estate scams are a big problem in today’s real estate market. People are afraid of dealing with real estate agents and they don't want to hand over a huge chunk of their life which is probably the largest saving.
Make sure you are speaking to the right mouth before you fall in love with the property and there are other things you can do to protect yourself. Give it a read and keep yourself and others safe from white-collar crime.
Be Aware of the Phony Seminars
The real estate world is threatening enough to be walked alone and you always need someone to guide you on the right path. But don’t let anyone fool you during the buying and selling process and be aware of the phony seminars. The problem with this scam is, they attract you first by setting up free seminars and maybe by sending you some exciting gifts. The big gift they will announce during their seminar will be applicable to those who purchase tickets to additional seminars. In the end, you will be dragged by their representatives and gain nothing except wastage of time and money. Try to attend productive seminars, where they deliver your market values instead of their own branding and asking for money.
Attention Homeowner
Renting an empty home real estate scam is getting common day by day and the victims are homeowners and renters alike. In this scam, agents especially hunt for houses whose owners are living abroad. Homeowners trust agents that they will take care of the monthly rent on their behalf and who doesn't love money without any effort? Agents charge renters an additional amount and take it as a profit for providing services to the homeowners but in reality, this is a scam. They misguide the landowners and renters as a medium. Try to investigate the homeowner when renting a house and homeowners should be clear about the people using their property in their absence. Direct communication of homeowners and renters can overwhelm this scam in the coming years.
Renting Houses Listed For Sale
This is a type of real estate scam where agent rents out a home listed for sale and take advantage till possible. They use different tricks to do so, such as they will list the house for more than it’s worth to keep the potential buyers away and portray that area is facing downfall that's why the property is yet unsold in front of homeowners. If you are facing such a condition – it’s always better to visit your property instead of believing the agent’s lame excuses.
Conclusion
Scams always come in your way no matter you are making a purchase online or offline. Ilaan.com is all about providing people a safe online community, but the purpose of mentioning these points is leaving certain things on you. Think of the situation and act accordingly.
