Wednesday, May 22, 2019

HOW TO AVOID BEING SCAMMED WHEN INVESTING IN SOUTH FLORIDA


Thanks to new technologies, scammers increasingly perfect their techniques to deceive people. However, there are ways to avoid them and reduce probabilities of being the victim of a scam. Here are some recommendations to avoid being scammed.






VERIFY THE OWNERSHIP OF THE PROPERTY

Every day, there is news of real estate fraud in Miami. In fact, foreigners are the main target of scammers. Real estate title fraud is a classic way to scam. It consists of scammers pretending to be the owners of a property, using false documents and creating a new mortgage to make the real owner responsible for payments. For this reason, make sure the property ownership is right before signing. This information can be accessed in the Land Registry.

DO NOT PAY IN ADVANCE

If you want to buy or rent a property from a private individual instead of an agency, you have to be careful and demand safe payment methods. Avoid, as much as possible, transferring amounts to an account without securing the ownership of the property.




CONSULT WITH EXPERTS

The best option is to look for help from real estate professionals such as lawyers specialized in real estate, property status evaluators or real estate companies. However, you have to make sure that the agents or the real state company hired are authentic and reliable. We know that it will probably result in extra costs, but it’s better to be safe than sorry.

For these cases, our task at Doral Riches is to guide you so that you can choose the method that works best for you.






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