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How To Avoid Real Estate Scams Indiana

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

Harvey Levin
317 590-8550
PO BOX 20738
Indianapolis, IN
Scott Hyatt, CCIM/Summit Real Estate
812-430-4989
420 NW 5th Street
Evansville, IN
Re Max
(317) 881-3700
4455 Southport Crossings
Indianapolis, IN
Indiana Real Estate
(260) 665-1300
3500 Broadmore Cir
Angola, IN
Century 21 Landtree Inc
(317) 888-3331
791 S State Road 135
Greenwood, IN
Behrens O. Karl
(260) 407-7119
1021 S Calhoun St Ste 1
Fort Wayne, IN
Southern Indiana Realty & Auction Co
(812) 357-7885
925 Main St
Ferdinand, IN
T & T Exclusive
(219) 398-3333
1615 E Columbus Dr
East Chicago, IN
B & T Rentals
(260) 356-5310
320 Etna Ave
Huntington, IN
Wilson James L Real Estate Broker
(260) 344-1461
8445 N Clear Creek Rd
Huntington, IN

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. ...

Click here to read the rest of the article at HowToDoThings.com

Author: Grace Bloodwell

Featured Local Company

Harvey Levin

317 590-8550
PO BOX 20738
Indianapolis, IN
Read more about How To Avoid Real Estate Scams

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