How to Avoid Real Estate Scams
May 10th, 2008 Posted in Real Estate Fraud
There are many scam artists who use the real estate industry as a cover for their game, even if they know little about real estate. They simply use properties to extort a lot of money from their victims. But as long as you stay informed, you can protect yourself from real estate scams. Here’s how.
The most simple way to stay safe from a scam is to assume that no deal is concrete until everything is written down and signed. Any verbal promise is not valid unless it is written in a legally binding contract. Do not assume that you will get a follow-through from a verbal promise unless it’s in a contract.
Get the advice from a real estate agent before you invest in a property or buy a home. But make sure that the agent you’re consulting is a qualified agent! Ask your friends to refer you to the best professionals they know.
The good thing about real estate scam artists is that they use the same scams over and over again. Find out about the most popular scams today from the IRS or the media and stay informed.
Sorry, comments for this entry are closed at this time.