How To Avoid Real Estate Scams Danville VA

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

Coldwell Banker Johnson Realty
434-489-1444
2321 Riverside Drive
Danville, VA
Welcome Home Realty
(434) 799-3480
3 Park Avenue Ext
Danville, VA
Ellis Real Estate
(434) 792-8305
619 Holbrook Ave
Danville, VA
Johnson Realty of Virginia Inc
(434) 799-4141
2321 Riverside Dr
Danville, VA
Carter's Investment Properties
(434) 799-0464
2946 W Main St
Danville, VA
Gracious Living Reality
(434) 835-0488
1115 Franklin Tpke
Danville, VA
Royal Terrace Apts
(434) 797-4892
Danville, VA
Danville Va Home Rentals
(434) 792-8861
625 Piney Forest Rd
Danville, VA
Re Max Professionals
(434) 793-7653
495 Piney Forest Rd
Danville, VA
Boone & Company Realtors
(540) 966-5700
1638 Roanoke Rd
Danville, VA

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

Coldwell Banker Johnson Realty

Danville Virginia Commercial Real Estate Broker

434-489-1444
2321 Riverside Drive
Danville, VA
www.cbjrcommercial.com

With 37 years of experience and millions of dollars in commercial real estate sales each year you can be assured that your decisions to find ,buy or sell commercial real estate in the Danville - Pennsylvania County area will be backed by an experts knowledge .

As a community leader for many years Michael Scearce now holds the position of vice chairman of the City of Danville Planning Commission . With this position he has acquired extensive knowledge in many of the community's commercial code requirements that is needed to build or relocate commercial properties .This information is a great asset and is very valuable to any commercial investor.

He is also a board director for the Dan River Association of Realtors . Michael Scearce has also secured several national and local retail locations and controls an extensive database of commercial leases which gives him the knowledge to write and review leases that will protect your investments before and after you make the transaction. He is also trained to handle multiple properties and has leased many shopping centers and strip malls as a result of his expertise. Michael Scearce was also ask to help with the acquisition of land for the Danville Economic Development Council to build one of its industrial parks.

Private investors have also used his services for the development of commercial retail sites and have acquired his expertise to make multi million dollar property decisions. Michael Scearce has achieved national awards in the real estate business and continues to be a top producer every year .Michael Scearce was also honored to receive Coldwell Banker’s Top Sales Associate Award, for the Northeast Region of the United States, in Gross Commercial Commission Income Earned.

Continuing in his achievements each year, Michael Scearce will pass along to you his years of knowledge and expertise ,so that you can be confident that each time you make a real estate decision It will be the right one every time !









cbjrcommercial.com


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