How To Avoid Real Estate Scams Maine

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

Livada Securities Inc
(207) 594-5501
107 N Shore Dr
Owls Head, ME
Town & Country Realtors
(207) 862-5611
Hampden, ME
Century 21 Samia Realty
(207) 646-6570
952 Post Rd
Wells, ME
Downeast Realty Inc
(207) 767-3497
125 Ocean St
South Portland, ME
Close To Coast Real Estate
(207) 799-2244
2 Emerald Way
Cape Elizabeth, ME
Roy-Continental Mill Maintenance
(207) 777-3829
Lewiston, ME
Kersey Real Estate
(207) 364-4252
202 Waldo St
Rumford, ME
Dimarco Realty
(207) 963-5540
RR 186
Prospect Harbor, ME
Willis Real Estate
(207) 839-3390
347 Main St
Gorham, ME
Northern Associates Inc
(207) 695-2255
593 Moosehead Lake Rd
Greenville, ME

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

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