{"id":777,"date":"2020-08-06T22:59:46","date_gmt":"2020-08-06T21:59:46","guid":{"rendered":"https:\/\/www.propertyunder20k.com\/blog\/?p=777"},"modified":"2021-02-19T19:45:02","modified_gmt":"2021-02-19T19:45:02","slug":"how-to-avoid-real-estate-scams","status":"publish","type":"post","link":"https:\/\/www.propertyunder20k.com\/blog\/2020\/08\/06\/how-to-avoid-real-estate-scams\/","title":{"rendered":"How to avoid Real Estate Scams"},"content":{"rendered":"\n<p>Our real estate portal can be a great way to find somewhere to rent, to <a href=\"https:\/\/www.propertyunder20k.com\/\">buy a cheap property<\/a> or to <a href=\"https:\/\/www.listproperty4free.com\/\">sell&nbsp;your house<\/a>. But with any online space there\u2019s always a risk of hoaxers being active and attempting to trick you.<\/p>\n\n\n\n<p>With thousands of live ads at any given time, it\u2019s hard for our real estate\nwebsites to stop every fake ad or block every fake user instantly. Therefore,\nbeing aware of what to look out for is a big help to avoid real estate scams.<\/p>\n\n\n\n<h2><strong>What does a Real Estate Scam look like?<\/strong><\/h2>\n\n\n\n<p>Real\nEstate scams trick potential buyers or home sellers into thinking they are\ndealing with a legitimate contact but it is actually a scammer.<\/p>\n\n\n\n<p>Unfortunately, there isn\u2019t just one method that fraudsters use. <\/p>\n\n\n\n<h2><strong>For Sellers<\/strong><\/h2>\n\n\n\n<p>So far, the only known scam on our website are fake enquiries. This means\nsomeone sends a message to the advertiser through the contact form on our\nwebsite. <\/p>\n\n\n\n<p>Once the advertiser replies to the enquiry the scammer can use his email\ncontact to spam him with emails. <\/p>\n\n\n\n<p>He might tell a story of \u201cbeing a soldier in Iraq that likes to invest in your country\u201d or \u201c being the widow of president so and so who likes to move to your country with all her millions \u201d. Stories like that definitely ring a warning bell. <\/p>\n\n\n\n<p>We also recommend that you discontinue communications with the enquirer if\nhe\/she:<\/p>\n\n\n\n<ul><li>doesn\u2019t want to travel to see the property or asks you to come and see him<\/li><li>wants to buy the property for a higher price than asked<\/li><li>likes to know your bank details or to wire funds via money transfer services<\/li><li>wants to pay in advance<\/li><\/ul>\n\n\n\n<h2><strong>For Buyers<\/strong><\/h2>\n\n\n\n<p>As we have no way to check the authenticity of an advertised real estate, we\nrecommend caution before giving sensible information to anyone you don\u2019t know.\nThis is standard online practise.<\/p>\n\n\n\n<p>Scammers will usually pose as genuine sellers and post fake ads. That\u2019s why\nthey are very difficult to spot.<\/p>\n\n\n\n<p>The ad can be for anything, rental properties or&nbsp;real estate for sale.\nMost probable, it will even include pictures and other details \u2013 maybe copied\nfrom a genuine seller\u2019s ad.<\/p>\n\n\n\n<p>We recommend that you discontinue communications with the seller\/landlord\nif he\/she:<\/p>\n\n\n\n<ul><li>asks for rent payments or deposits in advance<\/li><li>seller claims to be unavailable and insists on payment before you can inspect the property<\/li><li>seller is very interested to get all your personal data<\/li><\/ul>\n\n\n\n<p>Also, if you are still not sure, you can do an internet search using the exact wording\nin the ad, many well-known cheats can be found this way. If the advertiser is a\nreal estate agent you can also look up his business information to see if he is\nlegitimate.<\/p>\n\n\n\n<h2><strong>How to protect yourself from Real Estate Scams<\/strong><\/h2>\n\n\n\n<p>Being informed about possible dangers in itself is already a protection. It\nhelps you to be cautious and to look out for warning signs. <\/p>\n\n\n\n<p>We all heard this many times, if something sounds too good to be true, then\nit probably is. <\/p>\n\n\n\n<p>We focus on advertising cheap properties for sale our website, therefore many\ntimes it looks too good to be true. But of course, that does not mean they are\nfake ads.<\/p>\n\n\n\n<p>A good indicator is to search for similar properties for sale in the same\nlocation. Also see if the real estate needs major works. You might be looking\nat a fixer-upper. Only if the price seems far lower than the competition you\nmay question its authenticity. Often the reason for one real estate being\ncheaper than others is its condition, location or legal problems.<\/p>\n\n\n\n<h2><strong>Use a safe legal procedure to buy Real Estate<\/strong><\/h2>\n\n\n\n<p>Fortunately, most countries have a certain procedure in place when it comes\nto buying properties. <\/p>\n\n\n\n<p>This makes it almost impossible to go through with a Real Estate Scam until\nthe end. For example, in many countries it is mandatory to use a notary or\nlawyer to deal with the sale. Even if the seller requests a deposit as a down\npayment before the sale, this can already be handled through a trust account of\na notary.<\/p>\n\n\n\n<p>Sticking to the official process is a simple and very effective way to safeguard yourself against real estate scams.<\/p>\n\n\n\n<h2><strong>How to report a Real Estate Scam<\/strong><\/h2>\n\n\n\n<p>Have you spotted a fake ad on our site? Please, drop us a quick message in\nour contact form.<\/p>\n\n\n\n<p>Do you like to report a scam? Depending on the country you are from there\nmight be different places that are best for you to report the scam. <\/p>\n\n\n\n<p>Here are just a few<\/p>\n\n\n\n<p><strong>Australia<\/strong> &#8211; <a href=\"https:\/\/www.scamwatch.gov.au\/report-a-scam\">https:\/\/www.scamwatch.gov.au\/report-a-scam<\/a><\/p>\n\n\n\n<p><strong>UK<\/strong> &#8211; <a href=\"https:\/\/www.citizensadvice.org.uk\/consumer\/scams\/reporting-a-scam\/\">https:\/\/www.citizensadvice.org.uk\/consumer\/scams\/reporting-a-scam\/<\/a><\/p>\n\n\n\n<p><strong>USA<\/strong> &#8211; <a href=\"https:\/\/www.usa.gov\/stop-scams-frauds\">https:\/\/www.usa.gov\/stop-scams-frauds<\/a><\/p>\n\n\n\n<h2>Bio<\/h2>\n\n\n\n<p>Our Property under 20k team are the founders of <a href=\"https:\/\/www.propertyunder20k.com\/\">www.propertyunder20k.com<\/a> and <a href=\"https:\/\/www.listproperty4free.com\/\">www.listproperty4free.com<\/a> with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries. \u00a0We just love to have a good strong cup of coffee while we write our experiences in this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our real estate portal can be a great way to find somewhere to rent, to buy a cheap property or to sell&nbsp;your house. But with any online space there\u2019s always a risk of hoaxers being active and attempting to trick you. With thousands of live ads at any given time, it\u2019s hard for our real &hellip; <a href=\"https:\/\/www.propertyunder20k.com\/blog\/2020\/08\/06\/how-to-avoid-real-estate-scams\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">How to avoid Real Estate Scams<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[149,139],"tags":[300],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to avoid Real Estate Scams - propertyunder20k.com<\/title>\n<meta name=\"description\" content=\"Being informed about dangers is already a protection. 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