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DC Fawcett Virtual Real Estate Investing club – scam avoiding techniques

Real estate properties like house, rentals and vacant land are very expensive purchase of your lifetime. At the same time, this industry has lot of scammers who prey on new investor and create lot of scams. No matter who you are, buyer, seller or investor, there are many scams involved and you may get deceived easily if you are not aware of those. Here is the list of DC Fawcett scam avoiding techniques which creates a great awareness and shows the easy way to avoid it.DC Fawcett Real Estate

DC Fawcett complaints on online fraudulent real estate scams

One of the prevalent and most exposed scam in real estate is online money exchange scam where the hacker poses to be the seller and may deceive you. Consider that you are buying a real estate property from the popular agent and you are about to close on the deal. The hacker who intrudes into the agent’s account may come to know that you are closing on the deal and willing to transact the money. He may send some misleading emails and divert your transaction to his account easily. Such frauds are not easily traceable since they happen online and your money may never be returned.

Duplicate multiple listing websites

DC Fawcett reviews states that multiple listing sites are the major sources of property database which helps many sellers and buyers. The scammers might copy the deals from popular real estate listing websites and paste them in their sites. They may offer incredibly low prices for the properties at their sites. Many investors might follow these sites and gets attracted towards the prices. After wiring the money, they might not get proper response from the sellers for long time.

You can prevent such scams and have a verbal conversation with the seller always. Do not respond to email fund transfer request and insist on seeing the person first. If you hear any excuse like the owner of the property is abroad and he may not available, then do not proceed with the deal.

Bottom line

If you think that you cannot be cheated with real estate transaction then you are wrong. Be precautious even if you are working with honest people since you are investing huge money. DC Fawcett reviews states that if you have come across the great deal, do not hurry, check whether the deal is from an authenticated person. If you are searching a property for renting, then ask the owner or realtor to walk you through the house. Question each and every thing you want to know from them.

DC Fawcett complaints that sellers can easily hide the flaws in the property and sell them to you. Hire an experienced realtor and inspect the home before purchase. They can easily identify the defects and calculate the expense for repairs and renovations.

Another common scam is applying for loan application with fake documents. This scam is often done by none other than the buyer. Sometimes the buyer may have shortage of funds for transaction and apply for loan. The loan denial is a often seen scenario in real estate since the buyer may not have a good credit score. At such instance the loan officer and realtors may urge the buyer to create fake documents or lie for loan application approval. But later on the scam gets uncovered by the sellers or bankers and it may lead to a big problem.

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