Criminals will always find ways to take advantage of anything that has to do with earning money. And unfortunately, the real estate market is no stranger to these fraudulent activities. “Buy homes in Coimbatore” scams are everywhere, and you may not realise you’ve been victimised until it’s too late!
The
most common “buy homes in Coimbatore”
scams
·
Fake
companies
Coimbatore
has seen several cases of real estate fraud over the years. For example, in
2015, some residents were fooled into buying homes for cheap only to find out
that the “company” was not registered at all. Unfortunately, the victims failed
to secureclearances from the fraudsters, making them lose tons of money.
·
Duplicate
listings
Say
you’ve come across a property that looked too good to be true. It had
everything you needed—two bedrooms, a bath, and even a spacious yard. You place
a down payment for the home, only to realise that another buyer had done the
same.Duplicate listing scams are common in a tight real estate market,
targeting hundreds of eager buyers each year.
·
False
disclosures
Home
sellers are responsible for informing you about any significant issues a
property may have, including septic tank problems and system outages. Sadly,
not everyone is as honest as you may think.
Many
sellers will try to hide these issues, providing a false disclosure to complete
the sale hurriedly. To avoid this, you must enlist the help of a trusted home
inspector.
So,
with all that said, how can you buy homes in
Coimbatore
without risking your money, and most importantly, your safety? There’s only one
thing to do: Work with a trusted and experienced realtor in the city.
You
can distinguish reputable property developers from fraudsters by looking at
their completed projects. But, it’s not enough to check a website anymore. So
instead, visit the site yourself.
In
addition, make sure the builder will assist you throughout the home buying
procedure, providing consistent updates and handing over the keys and documents
in person!
No comments:
Post a Comment