How To Avoid Real Estate Scams Chillicothe OH

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

Kear Realty Inc
(740) 774-1123
29 S Paint St
Chillicothe, OH
Carnes Realty
(740) 775-1112
25 Main St
Chillicothe, OH
Putnam Ratcliffe & Stevens Realtors Inc
(740) 779-9100
18960 US Highway 50
Chillicothe, OH
Scito Valley Association of Realtors
(740) 773-7489
40 Central Ctr
Chillicothe, OH
Lloyd John E Realty
(740) 775-1115
56 E 2nd St # 58
Chillicothe, OH
Coldwell Banker Realty Champions Inc
(740) 775-8500
238 E Main St
Chillicothe, OH
Madru Stephen A Realtors
(740) 775-1776
280 E Main St
Chillicothe, OH
Stephen A Madru Realtors
(740) 775-5478
280 E Main St
Chillicothe, OH
Century 21 Darfus Realty
(740) 702-2121
18 Consumer Center Dr
Chillicothe, OH
Knolls Realty Co
(614) 239-0207
Columbus, OH

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

Miller/Watson Architects, Ltd.

(614) 224-9743
161 N. Fourth Street
Columbus, OH
http://www.millerwatson.com

Miller/Watson Architects is an architectural design firm who specialize in built environments that celebrates the human spirit. Organized to provide services within the context of a contemporary vision of the historic atelier, the design studio becomes a place of dialogue and exchange, where all sorts of knowledge (artistic, technical, humanistic…) skills and attitudes are integrated in a multi-discipline approach to project resolution. The result is an award winning architectural portfolio as unique and individual as the client’s they serve. The work includes residential and commercial architecture, interior design, historic preservation, adaptive reuse, product and graphic design.


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