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Possible Tricks/Frauds pulled by RE Agents and Realtors

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Possible Tricks/Frauds pulled by RE Agents and Realtors

Last updated: March 18 2009
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  • Possible Tricks/Frauds pulled by RE Agents and Realtors

    Hi,
    Can you all share your ideas regarding the kind of tricks and frauds that a seller/agent/developer can pull on an unaware buyer? The RE business is rife is underhanded tactics and unethical stunts that have hurt a lot of buyers, sometimes robbing them of their life savings.

    So, please come forth with various examples. If we can get some kind of a master-list of 'what to watch out for' while buying real estate, it would be a helpful guide to any would-be buyers out there.

    Also:
    1. Should one hire a lawyer to investigate and confirm the title etc is clear? How effective is hiring a lawyer in ensuring that the buyer doesn't get subjected to any dirty tricks?

    2. Do we have anything akin to a title insurance in India that a potential buyer can avail of?
  • #2

    #2

    Re : Possible Tricks/Frauds pulled by RE Agents and Realtors

    I have posted a blog named builder tricks in Real Estate Discussion forum Heading.

    I suppose it may help you.
    udayan.giri
    trustedproperty

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    • #3

      #3

      Re : Possible Tricks/Frauds pulled by RE Agents and Realtors

      if it's a resale purchase case one may go for title search thru a lawyer and also try to get the certified copy of sale deed from registrar office.a certified valuer's certificate is also helpful to get the fair market vale.

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      • #4

        #4

        Re : Possible Tricks/Frauds pulled by RE Agents and Realtors

        Originally posted by udayan.giri View Post
        I have posted a blog named builder tricks in Real Estate Discussion forum Heading.

        I suppose it may help you.
        Thanks. I tried searching for it after reading your response but couldn't get it. Can you please post the link here?

        I would truly appreciate your help.

        Thanks.

        Comment

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