How to avoid being scam in real estate

EKUSANI

Active member
It's very simple to be scam you if you not careful .when investing or trying to buy properties in real estate.so I will say the number one thing to do to avoid been scamming in real estate is, always go for site inspection. you need to go for site inspection to know or see the actual place they are advertising,which you are about to buy. don't just buy without seeing what you're buying or else you will be scammed. I don't think if anybody here want to waste his or her money from scammers or through scammers so always go for site inspection.another thing is that don't always rush and buy, when you are rushing to buy they can play u. And the is that tendency to scam you. so don't always rush to buy.another thing is, do not accept the idea of paying in cash. you know a lot of scammers will persuade you to pay them in cash. Once you hear that always know that the are scammers.also always look for a verify estate agents.look for a company that is being registered ask for a verified estate agent or else you can be scam. Let avoid this all.
 
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eldavis

Guest
The best way to avoid being scammed is to seek professional help or assistance from someone else with experience. There. Your first transaction can be really tricky, and once they notice you are a novice in the field, they would want to take advantage of you. The best thing to do is seek the help of someone with experience, or simply someone to do it for you.
 

Jasz

VIP Contributor
I can't overemphasize how important it is to avoid being scammed in the real estate market.

There is a lot of money to be made in this industry, but it's also plagued by scams. It's like dating: people will say whatever they have to say in order to get you to agree to sign on the dotted line, and later disappear.

The scammers will tell you lies about your credit score and property value, and then disappear into the sunset with your money. Many unscrupulous salespeople use tricks from the movies and TV shows to get your attention. For example, when you meet with a salesperson, they'll often ask you questions that seem really strange or inappropriate—in order to stop you from thinking straight! You've got to be very careful in this industry because these kind of tactics are used by many of the scammers out there.

How do you avoid being scammed in real estate? Here are five tips:

1. Always make sure that you know who the seller is, and what they're selling.

2. Never use an agent with a "for sale" sign if you don't have the time to go look at it.

3. Ask for references from other agents, and ask for proof of any claims.

4. Do not pay more than your initial offer price.

5. Never pay more than 25% of the home's value up front, and ask for a down payment on the rest.
 

Ithedicious

Valued Contributor
You won't likely be scammed if you follow all the normal procedure, the point is that so many people are always very greedy when trying to invest in real estate property greediness is always one of the most leading causes of problems in the real estate business.

The point is that scammers will always look for cheap things and they will definitely use this against so many people in the sense that they will get a dubious property and will wants to sell at a very cheap price and people who don't really understand this strategy will wants to grab believing that such is the best opportunity for them to buy a huge property with a very cheap amount of money . Then at the end of the day if proper care is not taken the buyer could be scammed.

Another thing that could help you avoid getting into trouble when investing in real estate is to try as much as possible to invest in a good and suitable location because this really played a very important role in the success of a real estate investment. when the location is good you are likely to be happy and also the other way around when the location is bad.
 

Sotherefore

VIP Contributor
Real real estate investment do not really have so much Risk but sometimes a lot of people are just greedy in the real estate market . That is why they are exposed to all this scamming activities .

That is what we should always try to avoid because sometimes things may be too good to be true and those are the things we will always want to buy because we may consider yourself to be lucky. In most cases some things like this will always be risky and we might be at risk of losing our money and not even getting what we need because people who are selling cheap products to us are not doing it genuinely but may be interested to scam us .

Personally even if I have to invest in real estate , there are ways I can link up and follow how to do it perfectly to make sure I do not engage in anything that I can likely regret in the future . And besides there are so many research investors are to carry out before even making an attempt to pay for a particular land or property.

if you're just paying without any research then it is risky .
 

Augusta

VIP Contributor
the truth is that we just have to realise that scammers are everywhere and the real estate industry is no exception.

They're posters that poses themselves as real estate agent and her house listing of cheap properties to Lure people so that they can get scammed so it is good to always find out if the house agent or property agent you are about to work with is a genuine person it is also good to find out about the property you are about to buy if it is really owned by the person that you're trying to buy the property from.

The truth is that he can be very very frustrating and depressing if you are allowed yourself to be scam of your heart and money so you have to be very careful when you are approaching an agent to purchase any property make sure you are using a registered agent.
 

Chibson

VIP Contributor
Real estate business is very lucrative but it is always very important and necessary you are careful so that you will not get scammed.

There was a real estate company in this part of the world in which actually made their brand very popular and they even went to radio stations to advertise their services.

A lot of people invested money to buy land at cheaper prices but at the end of the day all of them got scammed and the real estate company folded up. I actually heard that the owner of the company was later arrested but the number of people that lost money was huge.

It is always important before you buy any real estate property you go for site inspection yourself. It is also necessary for you to see all the documents legally backed up and signed before you make any payment. There are a lot of scammers both online and offline in which you need to be very careful of in order not to fall a victim.
 
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