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How To Avoid Real Estate Scams Louisiana

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

BOARDROOM ADVISORY SERVICES GROUP LLC
415-504-3975
310 PIERRE AVENUE
SHREVEPORT, LA
Skaggs Paula-Era Stirling Properties
(985) 764-8744
Destrehan, LA
Prudential Gardner Realtors
(985) 764-2328
1904 Ormond Blvd
Norco, LA
Househunters Realty Llc
(225) 336-0005
702 Lobdell Hwy
Port Allen, LA
Re Max Realty One
(318) 752-2700
300 Benton Rd
Bossier City, LA
Messer Real Estate Inc
(225) 667-1553
27370 Walker Rd S
Walker, LA
Coldwell Banker Tec Realtors
(504) 286-3080
6116 Hamburg St
New Orleans, LA
Bird Stan
(504) 393-9800
3344 Plymouth Pl
New Orleans, LA
Paradise Realty
(318) 253-4871
7453 Highway 1
Mansura, LA
Legacy Real Estate Services
(337) 267-7231
1006 Surrey St
Lafayette, LA

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

BOARDROOM ADVISORY SERVICES GROUP LLC

415-504-3975
310 PIERRE AVENUE
SHREVEPORT, LA
Read more about How To Avoid Real Estate Scams

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