This story is about those real estate agents who tried to be over smart and claver. There are lots of fly-by-night agents who are hard to identify. They used to sell same piece of land to several customers and, some other construct without mandatory permissions. Even some renowned real estate agents found violating building by-laws.
Not only in India, but news was also coming from across the states of US like Atlanta, Georgia etc. FBI is too worried about this so called fast growing white collar crime.
I tried my level best to collect information on how to avoid these frauds or find a best r.e. agent. So here are few tips for you guys:
1. Whenever you go to real estate professional ensure that he is well qualified and licensed. Testimonials and references from relatives and other customers will help much better. 2. Try to select your home in safe neighborhood and enquire about the price from your to be neighbors. 3. Before buying property, it is good to hire a qualified property inspector to inspect the property. If the property need any repair and worth buying then it is up to you to decide. 4. Ensure that whatever is discussed between you and real estate professional it should be in written with both of you. 5. Never sign a blank document and always keep track of financial proceedings.
All these tips will help you avoid real estate fraud .You will enjoy and feel tension free while going to choose a real estate professional for you. |