Demands of
employers are increasing to promote people ,with a rise in the number of people
owning homes. It increases the number of people who wish to sell their house
fast to gain enough money before they move to a new place.
To sell homes
fast they normally lookout for the best method to sell a home quickly.
Real estate
investors can be the best option to sell your property and can provide
immediate money. But, what is the guarantee that these companies are reliable?
After the economic collapse and after the flood of foreclosures, demand of real estate investors is increased,
but on the other hand, the number of fraudulent companies is also increased to
attract house owners with the attractive offers that they present.
Throughout
the world, there are a number of scams that are occurring. There are some
examples listed below:
1)
Equity
Skimming: Throughout the world, this is the most common form of property
scam. The cash buyer may ask you to sign a contract
and make payments instead of the lending bank that holds the secured loan. These
types of fraud companies May also force you to move out of the house so that
they could lease it out to other clients and earn money through it. Such
type of buyers has a tendency to earn money from the owner to renter. They may
also sell off the home without clearance of the loan.
2)
Bait
and Switch: In this type of scam owner may not get what he/she is being
promised.
A real estate
agent may walk into your house as a representative, analyze your entire
property and provide an exciting offer
that the owner may not be able to refuse. It is just a verbal deal that you
agree upon. Now, when the deal is set on paper, agent mentions some clauses
that may not be same as verbal agreement. Owner has no idea about any changes
which is done by an agent. Many times, people show ignorance while signing the
papers, so at that time these fraud companies succeed. These types of scam are
seen in all over the world.
3)
Offers
from foreign countries: If any owner update on Internet like “Selling my
house fast”. People of foreign countries also see this news update. And due to
that an owner of property gets a call
from many buyers of other countries and they say that they are planning to move
into your country. You should not trust anyone like that, beware from such type
of buyers. These types of companies have intention to know your account number
so that they can steal your money.
In the real
estate industry, there are lots of bad or fraud companies. So little awareness along
with a little care is necessary in this field to avoid such companies. So be
ensured about the company before you enter into a deal.
No comments:
Post a Comment