How Can You Avoid Fraud & Scam While Buying a Property?

  • 3 months ago
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Are You Concerned about Scams?

Unfortunately, fraud and scam is part of our lives regardless of your country or industry. Swindlers may even use luxury offices and expensive cars to build a temporary trust. They may sound professional and act as a team. A scammer might rush you to make cash payments. And they might justify this as once in a lifetime limited opportunity. Their tactics last until they lure you in for a fraudulent scheme to rip you off. In such a case, always remember that no opportunities are bigger than your peace of mind. You are buying an estate in a country you are not too familiar with. Therefore, it is best to exercise all sorts of safety mechanisms for your own good.

Accountability and transparency 

Accountability and transparency are universal values. These values will guide you to avoid any property rip offs. You should not drop your guard in your property search. In addition you can use every known protection method available. It is most unfortunate to have swindlers all over the world. However, we are lucky to have proven safety measures. These measures include; vigilance, double checks, cross checks, random checks, physical inspections, personal visits, web search and neighborhood searches. Don’t be scared to see abundance of the measures there are to employ. But instead be pleased to have so many security options. Your trusted realtor will be pleased to help you understand and use all potential safety measures. You may also assign a solicitor/lawyer to protect your rights. It is wise to use all these measures considering both their costs and benefits.

After all, don’t let a few frauds or scams to discourage you and ruin your day. Although fraud is a universal fact, accountability is also a universal value. Proper inspection methods will give you the assurances you may need in your property search.

After all, don’t let a few frauds or scams to discourage you and ruin your day. Although fraud is a universal fact, accountability is also a universal value. Proper inspection methods will give you the assurances you may need in your property search.

Apply Proven Safety Measures!

Photo by Glenn Carstens-Peters on Unsplash

Double checks and cross checks are very useful in checking the relevant documentation. In addition you can check your realtor’s and home builder’s permits. Physical inspections and personal visits allow you to see your realtor’s office and their reliability. Inspections and visits also help you see your options and evaluate the quality of craftsmanship. Web search and neighborhood searches are common with social media and advanced search tools. Remember, at this point that misinformation and disinformation are widespread in digital world. Consequently, verifying the authenticity of any information is essential. In order to ensure your safety, you need to raise your awareness on property buying procedures. To find out more about this topic, you might like to read our article:  Procedures While Buying a Real Estate in Turkey.

Do random and unexpected checks

Random anti-fraud checks are like acting on impulse. But only its aim is to expose any fraudulent schemes. You may ask random and swift questions about properties. Besides, you can demand random inspection requests. By doing so, you can expose any premeditated scheme which only works within a certain pattern. Remember that all lies and frauds are exposable. You can easily break fraudulent patterns and understand its weaknesses. All you have to do is to ask the right questions and do the timely inspections.

Don’t Let Frauds or Scams To Discourage You!

Photo by Bernard Hermant on Unsplash

After all, don’t let a few frauds or scams to discourage you and ruin your day. Although fraud is a universal fact, accountability is also a universal value. Proper inspection methods will give you all the assurances you need in your property search. We all must be mindful of people and things around us wherever we go and whatever we do. Your powder will remain mostly dry if you avoid making unaccounted cash payments. Similarly, never sign binding contracts before careful consideration. Keep your mood high and stay alert. By this way, you will be mindful against people who will hassle you and rush you into cash payments. Always pay attention and exercise due care. Never use shortcuts and always follow the legal procedures. Accordingly, always prefer wire transfers over cash payments.

After all, current real estate sales records to foreigners in Turkey are at all times high. More and more investors are buying real estate from Turkey. To find out more about it, please read our article: Turkish real estate sales to foreigners are at an all-time high!

Find a Good Realtor.

Ahmet Karayigit
Ahmet Karayigit

If you want to protect your rights, you must be able to separate the wheat from the chaff. To keep your powder dry, it is best to follow an inquisitive and cautious approach. At this point, it is best to approach to your realtor not simply as an agent but also as an advisor and a friend. The role of your realtor in a new country will continue in managing your estates even after the sale. Besides your realtor can help you in your settlement process. It is clearly a misstep to let swindlers improperly control your property search. On the other hand, accepting professional help from your trusted realtor is a totally different thing. Don’t let your emotions get the best of you and stay calm with your trusted realtor.

For more information, feel free to contact Us!

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