4

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1Scam 1

Scam 2

Scam 3

Watch out for Those

Real estate scam Scam 4

1 Scam 1

2 Scam 2

3 Scam 3

4

Types of scam

scam 44

The best tools for shielding yourself against these themes is to be aware of the fact.

Real estate Scam?

Real estate companies regularly receive information on real estate scam from customers who were affected by the scandals or know other people who were victims to the scam

Watch out Scam 1

Purchaser from another country and he calls you to assist him buy one.

The person says he is affluent, and he is from an affluent family.

The person conveys his plan to relocate to the vicinity because he is a surgeon at a hospital in the area.

Claims that he is residing in a nearby luxury hotel. The buyer’s relative is desperate requiring your financial

help just until the buyer could be reached.

what one can do?

Many scams include some person who appears to be desperate to purchase the property.

If you are emotionally thinking about the situation, one has to put forth the question, what would the broker do?

If one suspects that buyer and his family are scammers, endeavor to document as much information as possible and report the scenario to higher authorities.

Watch out Scam 2

There are property listings that are fraudulently posted on websites.

During such an instance, customers were encouraged to send money to an account in exchange for real contract or keys.

what one can do?

customers on the Do’s and Don’ts if transaction over the net.

You have to set up a Google Alert on the addresses of the listings to watch out for the internet postings related to the properties.

If you find any fraudulent postings, post a complaint. In case you find fraudulent postings on Craigslist.com, forward the

property link from that site to Real comp. They will ensure that the listings are removed.

Watch out Scam 3

A local buyer’s agent before going home. He will make cash payment and they request quick closing

of the deal. The purchaser may furnish copies of foreign bank

statements that reveal sufficient funds for the purchase of the property.

However, a proper wire transfer never occurs. But, as a matter of fact, the buyer requests to retain the keys before the closing of the deal.

what one can do? Take the necessary steps to assure that the person is legal Follow the normal methods established by the broker, do not make

exceptions to the process.

Watch out Scam 4

The scammers make an arrangement to observe the listed properties.

During the showings, they will test opening and closing windows and doors, and in fact leaving one among the entries unlocked.

Then, they return to the property to rob you off the appliances.

what one can do? Make sure that all the windows and doors are locked before

you leave a showing even if it looks like a buyer has already done that.

Also, have in mind that MLS subscribers should never reveal lockbox codes to any other person than MLS subscribers.

ZACK CHILDRESS

Zack Childress, real estate investor and multifaceted real estate kingpin has staged a number of seminars regarding the existing real estate scenario. One could listen to his seminars to be aware of the real estate scams.