22/01/2021
Impatience on the part of the real estate agent
When a real estate agent seems too impatient to close in on a deal, it is a potential red flag in that real estate transaction. You should take a step back and reassess the situation. Try to thoroughly investigate and be sure that you are not going to be duped
Figures that don’t add up
When the story is too good to be true, it’s time to step back. That’s a definite red flag. When anyone is initiating a real estate transaction with you, be careful of bogus and exaggerated claims. Some people are sweet-mouthed and deceptive.
They can convince you to take on a transaction that would not only hurt you financially but emotionally. Watch out for these things and stop to think before making a decision.
Legal checks are avoided
For large real estate transactions especially, you need the services of a lawyer. When a real estate agent insists on not having a lawyer involved, be assured that this is a red flag in that real estate transaction. They tell you that they have everything sorted out and so, you really don’t have to worry.
These are smooth talkers and if you are not careful, in a carefully planned and swift move, you are already giving in to their unreasonable and visibly fraudulent suggestions. Beware!
Inspection denial
If you will skip other processes involved to secure a land or get a new home, don’t miss the step where you should actually go and physically see the site. Fraudulent people play very smart and that’s because they have been in this for a very long time. They keep on delaying, postponing and eventually denying you of the opportunity to get to see where you will be investing your money. You need to be patient in real estate transactions. Take your time. You can tell them that you can afford to wait until they are ready to show you what you are about to buy.
Refusal to offer an evidence of payment
Before it becomes too late, insist until you get a receipt. This is most common with renting apartments and hostels. A dubious agent will keep on staling until you forget. Don’t fall for that trap. You might have already paid to this scammer which is probably not your fault. Demand a receipt an
