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How to avoid being scam in real estate
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[QUOTE="Jasz, post: 231705, member: 61772"] 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. [/QUOTE]
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