How To Avoid Real Estate Scams Burlington NC

If you are in the market to buy or sell a house, refinance your mortgage, or if you are considering investing in real estate, it is important to be aware of real estate scams. In the following article, you'll learn more about real estate scams.

Local Companies

Hudgins Commercial Investment Advisors
336.214.7676
P.O. Box 2211
Burlington, NC
Commercial Services
336-676-1066
P.O.Box 1371
Greensboro, NC
Exit Realty Carolina
(336) 222-0323
2280 S Church St
Burlington, NC
Keller Williams Preferred Realty
(336) 227-4433
Burlington, NC
Coldwell Banker
(336) 584-0376
154 Huffman Mill Rd
Burlington, NC
Village Real Estate of Burlington Ltd
(336) 228-7823
2327 S Church St
Burlington, NC
Conklin Mary Lou Rl Est
(336) 227-3666
2541 S Church St
Burlington, NC
Rouse Flora Realtors
(336) 227-3666
2541 S Church St
Burlington, NC
Garrison Real Estate Agency
(336) 226-6134
219 E Davis St
Burlington, NC
Vogler Realty
(919) 563-5111
2815 S Church St
Burlington, NC

If you are in the market to buy or sell a house, refinance your mortgage, or if you are considering investing in the real estate world, beware-there are scams out there that the smartest of people fall for. Here some of the classic real estate scams and tips on how to avoid them.

  1. Who is the ideal Con Artist? The most savvy of con artists are those who have already attained some level of trust in your life. People you deal with daily, even family members, prove the most successful of con artists. When we "go along with others" our brains' defense mechanisms soften, and our skepticism is reduced. Con artists use this neurological trick to get you. It is ok to place trust your friends, family, and co-workers, but be skeptical about any business pitches they may give you. Always seek the advice of two or more financial advisors or confidants before proceeding.

  2. Overseas Investment and Return. Con artists who utilize this real estate scam play on a victim's deepest desire-getting something for little-an easy investment. These schemes are usually Ponzi Schemes, meaning con artists collect money from many victims, and disperse smaller amounts out to these same people from the same pool of money and claim it is "profit". In this model, investors are told to send investment checks, and they are giving small checks in return, supposedly "proving" the system works. In realty they are receiving a small chunk of change from another "investor" who has also fallen for this plot. People tend to fall for the overseas angle because it is exotic-sounding and they think they are, in some way, taking advantage of a new discovery or resource others are not aware of.

    • Defense: Ask yourself the simple question, "Is this too good to be true?" Examine the business model thoroughly to determine whether the model could actually work. If you have never invested in real estate before, it is a good idea to start local, not abroad. ...

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Author: Grace Bloodwell

Featured Local Company

Hudgins Commercial Investment Advisors

336.214.7676
P.O. Box 2211
Burlington, NC

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Rebarcamp Rdu
Dates: 11/6/2009 - 11/6/2009
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