Home Buying Scams to Steer Clear of

 

There are a lot of home buyers who plan to buy your house but are actually not interested in paying you a fair amount for it (or any amount at all, in some cases). These types of scams are more prevalent than you might think, and the Federal Government has experienced a lot of problems while trying to push for better legislation and create better practices for dealing with them. 

If you ask your realtor, they will tell you of a variety of scams that you need to steer clear of as a home seller. One of them is technically not illegitimate, but definitely dishonest. Some investors try to push uninformed home buyers into a situation where they’ll receive a small amount of cash money for a home that is worth much more. Although cash money agencies and investors do exist that offer fair prices, it’s important to steer clear of those that seek to discourage you from assessing the true value of your home and getting a second opinion.

A lot of actually illegal scams have more to do with wire transfers and money laundering. For instance, you might be pressured to act fast, send personal information or accept to receive payments through insecure channels. Tavoid scams, always work with a respected and honest realtor when searching for houses for sale in Erie.

Finally, it’s also important to beware of scams that involve you signing away your deed for a much lower offer than you thought you’d get. Ownership transfers involving quitclaim deeds have to be carefully assessed and you’ll need the assistance of an experienced realtor if you hope to get through them without any difficulty or without getting scammed.