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Recognizing real estate rental scams by Dean Graziosi

Article Author Biography
Recognizing real estate rental scams by
Article Posted: 03/22/2013
Article Views: 96
Articles Written: 124
Word Count: 538
Article Votes: 0
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Recognizing real estate rental scams

Real Estate,Business
Revolving his life on teaching people to do things the way he did and helping them ensure a wealthy life-style for one-self and family, Dean Graziosi has become one the most successful real estate marketers and public person.

He is sharing his experience in real estate investment, rehabilitations, financing opportunities, but most important of all, SCAMS. “Over the years I’ve seen my share of real estate scams promising people money for nothing. Every day in this country, people are being victimized by their real estate scams and wind up suffering tremendously! Because I spend my time and effort educating people with ethical and effective ways to profit from real estate, scams in this area really infuriate me. There are scams that not only target investors, but home buyers and renters”

Because of these reasons, Dean Graziosi decided to share with the American citizens how scam are made, but more importantly, how to detect them and avoid them. One of the areas where real estate scams are thriving is rental opportunities at unbelievably low prices. Residing in off-shore countries, payment to property owners that you want to rent from request your down-payment check to be send to that address, this way escaping American laws. The truth is that these scammers list for rental homes that are actually for sale and available for open-house visits, while they are NOT FOR RENT!

They copy a rental ad from various rental sites, change the pictures and attach a very low rental price and post the ad on large free classified sites, so they can attract as many interested people as they can. The interested person considers this to be a bargain and contacts the fake owner, hoping for a response that is very fast to come back.

In that answer you will be approved in a very complimentary manner, assuring you that you are chosen, but in order to receive contract, keys and House documentary file you must make your deposit through a payment method at your choice to the details provided by them! Do not make the payment! You will not rent any house, you will just LOSE YOUR MONEY!

Another fabulous rental scam is coming from a potential renter residing outside your state’s limits who cannot visit the house but is willing to pay the advance amount for rental. They send a certified cashier’s check which you take to your bank to deposit and then you receive a mail stating that you have been sent by accident a larger amount of money. Being sure the money you received is already in your bank account, you will send a refund with the amount requested, losing your money, because it takes up to 2-3 days for the banks to spot a fake check.

How to Avoid Scams

Research licensing status of everyone working on the transaction. Everyone involved should all have licenses in good regulation with the state laws. Place every aspect of the contract in written and do not accept any verbal contract. Check public records, real estate listings for properties with similar assets. Hire a team and a home inspector to verify details so that you get the best deal!

Get More Information Here >>>

Related Articles - real estate, Entrepreneur, real estate investor, Dean Graziosi,

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