The real estate sector is growing day-by-day and so is the scams connected with it. Even though people have become more informed and cautious about it, ironically some are still susceptible and get ensnared to some con artists, fly-by-night operators to false promises and invalid buy-one-get-something-free offers. Seeing that buying a real estate investment is one of the largest purchases that most of us will ever make, it is very essential to stay wide-awake, in order to not be deceived by the crooks. Having said that, a huge chunk of hard-earned money and life savings are on the line, so you can’t afford to lose it easily; this article will bring out some of the common scams or rip-offs of Zack Childress reviews.
- Moving company holding your item as hostage: You have found the perfect house and all set to go there and live your life, but moving is such a annoyance and you just don’t have enough time to research for the best moving companies that offers great customer satisfaction and service, so you hold on to the cheapest one that grabs your attention and saving some dollars. Unfortunately, in this con game, the swindler after driving off with your valuable belongings, the mover decide that they would like a more cash and hold your things as hostage until you pay more money than requested and this is essentially a ransom. This scam is very common and the best thing you can do to ensure that your mover is genuine is to check whether the company is registered, insured, and BBB accredited. Your best bet is to have a spokesperson or any representative from the moving company check out your stuff in person prior to drawing up the estimate.
- Rental of empty houses: This type of scam makes victims out of both the homeowners and the renters and it starts by the crooks looking for homes that are idle for a longer period of time, usually while the actual owner of the house is away on extended vacation or working in another state or abroad. Finding out homes of that type, crooks then post listings for the homes online. Claiming as the owner of the house, or as a person authorized to rent, these con artists will break into the house and change the locks and prepare official looking documents only to steal your money and evade. On the other hand, the same tragic ending takes place with the original home owner returning back to find some well-intentioned stranger renting out their home.
- Fake rental listings:Crooks can very easily copy and paste the listing produced by genuine property owners but significantly for a lower price, which is said to generate furious interest and they take advantage of this and demand for some down payment or try to hook you up to mortgage scams. So do not wire money before seeing the rental unit. Outsmart them by all means, as you begin investigating new homes for sale or rent; make sure that you educate yourself on listing scams and online fraud. Zack Childress urges you to be on your guard in researching the authenticity of any potential listings and perform all appropriate due diligence.
For more in-depth rental scams read Zack Childress Reviews about Common Rental scams which will reveal the red flags and how to avoid them