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BECOME AN ANTI-FRAUD EXPERT WHEN RENTING OR BUYING A PROPERTY

blog.by C21 Caribbean blog.datep 06/06/2022

Thanks to our effort and work, we can be remunerated with a salary, the result of our time worked. We all want to invest this money properly, to make it yield according to our budgets and needs. As a person interested in buying or renting a property, you must be very careful when choosing a home, since you could be the victim of a scammer. Here we tell you briefly what you can do to avoid scams at all costs when buying or renting a property.

 

Review price.

Do a census in the area where you want to rent or buy a property. The price must coincide with the characteristics of the property, with the zone, and with the area of ​​the land. If the price is less than what it actually costs, something is wrong, or it may be a foreclosure. Do not stay with the doubt and ask why, to find out the reason for that price.

 

Reliable real estate agent.

If you are buying your first home or renting your first apartment, it would be a good idea to contact a real estate agent. Make sure you hire the services of a credentialed, registered and certified agent. Research the real estate agent as much as possible and research the real estate agency they came from. It could be a false agent, not sufficiently trained; or a ghost company. Check the agency's website, it could be fake. If the real estate consultant does not show the necessary knowledge and does not know his product, or you simply do not trust them, do not hire their services. Trust yourself.

 

No payments.

Do not accept deals with owners or real estate consultants who ask you for an advance payment for the keys or access card to the property. A serious and formal owner or real estate agent will never ask you for payments. Only in the case of a contract of promise of sale or a contract of intention to rent, will a deposit be requested.

 

Contracts.

There must always be a lease or purchase-sale contract for the property. Just as the agent or the person who sells the property, asks for documents from the buyer; The buyer also has the right to ask for all the necessary papers to establish a business relationship of trust with the seller. The contracts must contain all the precise and clear information; and must be read together, the two present parties, so that, at the time of any doubt or error, this can be resolved.

 

Visit the property.

Sometimes certain agents or owners do not want to show the property in its entirety, to hide some defect of the property in order it can be sold. Be sure to explore the entire property, turn on and off water faucets, check windows, doors and switches, as well as observe the property in great detail, to harm the landlord or owner of possible repairs before the property is delivered. If it is a rental, you can even take photos of the place so that both parties know the conditions in which the property is given and this is recorded. If the person in charge make excuses to avoid you visiting the property, it is better to discard it. Similarly, if the owner is in another city, and asks for an advance deposit, it may be a scam.

 

Check the property papers.

Ask the owner for the property registry, the property tax payments, water, electricity, the deeds of the property, the lien-free certificate. It is necessary to know everything about the property, since it is an operation with large amounts of money and the heritage of your future and your family. If you have any questions about the property, always ask. If you still have doubts, ask external advisors. It is essential that all the information you receive is clear.

 

Century 21 Caribbean Paradise is a socially responsible company that seeks the well-being of its clients. Do not hesitate in contacting us if you want to hire our services for real estate consulting and legal advice and thus find the home of your dreams.