When the real estate market slows down and home prices fall, many people have a hard time finding a new home.
They find themselves struggling to find a mortgage or rental property.
And the realty industry isn’t going away anytime soon.
In fact, the average price of a home in the U.S. fell to $319,200 in February from $323,400 in December.
Here are five things you need to know to stay ahead of the realtor scam.
It’s a scam.
The real estate industry is a multi-billion dollar industry, with more than 300,000 brokers and agents.
But there’s a catch.
The scammer will send a package with a real estate agent or a broker and tell you the house you’re interested in is going to sell for a higher price.
They’ll ask for money to pay the broker and for your credit card information to be verified.
If the agent or broker gets paid, they’ll tell you they’ve been contacted by the seller.
Beware the scam.
A home search can take months and sometimes even years to uncover the realtors scam.
If you do find out the real taker is a scammer, be aware of the following things: 3.
It can take weeks for the real agent to get paid.
If your agent hasn’t received payment, you can always file a complaint with the U-T, a federal agency that investigates fraudulent activity.
Beware of fake home sales.
The best way to avoid a scam is to check the market and compare prices before making an offer.
This can save you time and money.
It takes a lot of time to locate a home.
It usually takes several months to find an empty home or an empty lot.
That’s because realtor agencies are often very busy.
But they don’t always tell you when they might have vacancies or a buyer’s market.
If they do, they don “want to sell” a home quickly and the real sales agent is often the last one to be called.
That means they’re the one who ends up selling the house.