Crafty and Scary! Scams in the Real Estate Industry
It’s been years since I’ve heard about someone impersonating someone else in order to sell a property. My sister was falsely accused of that once, because someone had tried to change ownership to a similar but slightly different name. Fortunately, they got it worked out! I’m sure it still happens occasionally, although the other, newer scams can be scary as well! You’ll want to be cautious during your real estate transactions! Let’s take a look at a few of them:
The bottom line: people want what they don’t have, that you do have. The real estate industry is an easy target because of the high volume of money exchanged on a daily basis. Key thoughts: if something sounds too good to be true – it is NOT TRUE! Take the extra step or two to protect yourself – whether on the phone, email or in person. Check things out and I don’t mean call them back on the number they called you from. That doesn’t confirm anything! Google them, ask friends or your agent, whatever it takes to protect your assets and your sanity!
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