Buying Abacoa real estate can be one of the best investments you can make…I know it has been for me. However, there are always scam artists trying to dupe even the smartest Abacoa real estate sellers. Legal representation and professional help are key when looking for Abacoa homes for sale. As a potential Abacoa home buyer, there is no reason to go through the process of buying or selling Abacoa homes without the proper representation. There are far too many risks involved, plus why not have an Abacoa real estate agent write the contract for you, set-up your inspections, and be covered by their Error and Omissions Insurance?
Abacoa home sellers can also benefit by letting a professional Abacoa Realtor handle the sale of their home. Below are a few Abacoa real estate scams that I have encountered:
- Beware of being offered any Down Payment Assistance Program gift scams. While this might sound wonderful, it is not always legal. A gift does not have to be returned, and if the Down Payment Assistance has to be paid back, then it is not a gift and therefore is illegal.
- Beware of the investment property flipper scams. Not all real estate investors/flippers are looking to scam Abacoa home sellers, but beware the investors who are looking to buy with no money down, ridiculously low interest rates, no closing costs, or contracts that they can assign and be released from liability.
- Beware of the buyer who is looking to commit mortgage fraud. I recently encountered a partnership of Abacoa home buyers who were buying as many Abacoa homes for sale as they could, and then pulling equity out and essentially committing mortgage fraud. It is just worth it to involve yourself in these practices, because too much can go wrong before and after closing.
- Beware of the Craigslist con-artists. Not all real estate sellers, buyers, and advertisers are scammers, but it has been a breeding ground for many of them. I found this out first hand when someone else was trying advertise and sell my listing on Craigslist as their own. This is clearly a violation and seedy to say the least. Often, this is just a way of finding vulnerable people to steal information from or collect up front rental payment from.
If you are looking to sell or buy Abacoa homes, it is in your best interest to protect yourself. One of the safest and best ways to protect yourself, your family, and your finances is to hire an Abacoa real estate agent to represent you for your Abacoa home buying, selling, and even if you looking to rent Abacoa homes.
If you would like an Abacoa Realtor to represent you, I would be happy to share my credentials with you and help you buy, sell, or rent Abacoa homes, townhomes, or condos. You can send me a message through my website, email me, or call me at 561.309.0154.
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Yes, there are plenty of scams for down payment assistance; however, here in the great state of Nevada, we do have a fantastic program the offers a grant for 3% down payment assistance for rural housing– and it’s totally legitimate. You can check out their web site at: http://www.nvrural.org
Nevada rural housing partners with Nevada’s city and county governments, the US Department of Housing and Urban Development, US Department of Agriculture Rural Development, Rural Community Assistance Corporation and Nevada Rural Development Corporation. They offer many programs including this down payment assistance progam.
Moira,
There are definitely some quality programs out there, but unfortunately there are always going to be those bad apples in the bunch who try to take advantage and beat the system. I think the economic state we are in right now, is making opportunists come out of the woodwork. Thanks for sharing
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