Be Smart About Your Real Estate Investments - Avoid Scams

In any industry where there is a lot of money to bereputable Real Estate Agent? First make sure you
made there is always a certain amount of people thatcan see their Certificate of Registration and License to
will get involved who have no ethics or morality. TheseSell from the Housing and Land Use Regulatory Board
people will do anything to make a quick buck no(HLURB). Not a copy either. The original. Copies can be
matter who they hurt.manufactured. You can also check this through the
Con Artists and Scammers seem to infiltrate everyHLURB office yourself.
industry. The overall result is that companies have toWhat about the title to the property, how do I know
spend more money to assure customers they arethat is legitimate? If the title is in the Real Estate
actually one of the good guys. Worse, the consumercompany's name, check with the Register of Deeds in
ends up having to eye everyone with suspicion andthe county where the property is located and
spend time investigating companies they wish to docompare the copy you have seen to the original to
business with.make sure no one has removed liens or mortgages
This also hurts the economy as a whole. Consumerfrom the copy.
confidence means more than just the confidence toIf the title is not in their name, make sure you check to
spend their money because they believe the economysee that the Real Estate Company actually has the
is good. It also means that the consumer has theright to represent the owner of the property, even if
confidence to buy from companies trying to sellyou have to contact the owner directly. Find out
something to them.whether you are to pay the Real Estate Company or
The Real Estate business is not immune to having itsthe owner if you decide to buy.
share of scammers. Oversight of the Real EstateMake sure you know all of the terms of the sale. And
Industry is done by an understaffed agency that barelymake sure you have everything in writing on the
has the time to file paperwork submitted by thousandscompany's letterhead, even the minor details the Real
of Real Estate Agents, let alone investigateEstate agent says are always included so you don't
unscrupulous ones.need to have them in writing. It's your money so you
Fake Deeds and other paperwork are used by somecan dictate what you want in writing if they want to
scammers to make you believe they really own thesell you the property.
Real Estate they are trying to sell you. Ever hear theDo not let anyone rush you into a Real Estate deal! If
famous, "I have a bridge I'd like to sell you"?your agent or broker keeps pushing you that you have
But my Real Estate Agent is licensed, isn't thatto do this right away or you will lose the deal, flags
enough? First you have to remember, they are onshould go up. There are Real Estate deals where time
commission. They get paid to talk you into buying theis crucial, however if you do not take the time to
property that is listed, even if they are totally legitimate.check things out you could be the big loser in the deal.
A Real Estate license does not mean that they areI'd rather miss out on one opportunity than to be
required to have the buyer's best interest at heart.burned by one.
What can you do to be sure you are dealing with a