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Anonymous, in Rentals

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To Avoid Scams Associated with Renting a Property

Source: Sooperarticles.com

Link: http://www.sooperarticles.com/real-estate-articles/avoid-scams-associated-renting-property-1480254.html

As the e-commerce in real estate is booming, so does the scam related to it increasing day by day.

Renting a property is not as difficult as buying one, but don't take that for granted be careful while searching for rentals.

Below are the few tips to avoid scams,

Owner Reliability

Before getting into any agreement with the owner, check the owner background, speak with the neighbours, discuss with the family, sometimes scammers may pose as owners. To avoid all these, go through the house ask for any legal issues concerned with the property.

Online Researching

Online researching of rental properties have become easy task, so when you look for a property online check for its authenticity not everything you look online will be the same. Usually scammers take different rental property and post it as their own. So better check your rental properties on your own rather than depending on some one.

Help From Others

Even though online provides a great platform for rental research, it's better to discuss the needs of your rental with family, friends, colleagues because they will provide a reliable source for rental which doesn't need background research separately. With which you can be sure of owners or landlords are not some kind of scammers.

Transaction Scam

Be careful not to transfer any money before making an agreement, they might tell you to transfer initial amount through western union or some other means, don't go for it unless you are absolutely sure for it. Otherwise the scammers will get away with your money. Make sure to wait until the agreement is done.

Through Brokerage

If you find it difficult to search for online rental then you can always go for hiring professionals or getting in touch with some real estate agents, make sure there have license so you can freely search for homes without any legal worry and they may find you proper rental properties because of the expertise in their field.

Clarifying Worries

Before going for rental or getting into any kind of agreement, clarify all your doubts with the owner. If he hesitate to answer or not willing to go for a deal then check for his background, and don't entertain anyone before sealing the deal.

4 years ago

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