Laguna Beach Real Estate: Tips on Avoiding Scams
If you are thinking of investing in Laguna Beach real estate, or may want to invest or refinance your mortgage, beware of real estate scams out there it could happen to anyone that even the most experienced investors sometimes become victims of a real estate scam.
Avoid real estate scams with the following tips.
* Hire a reputable Laguna Beach real estate agent, but make sure to do your research of each person working on the contract. Your real estate agent, the lender involved and also the appraiser should all hold licenses and such should be standing with the state regulations. If any these licenses or records look suspicious contact your authorities right way.
* From the very beginning of the contract, place everything in writing. If your seller or buyer does not want to sign any contracts, this is should be a red flag for you.
* Make sure to do research on the property in question as well, investigate public records on the neighborhood and the subject property. Find if there are any outstanding liens, and the assessed county value should match the appraisal. If you find that the price you agreed too is too high or too low, contact a trustworthy laguna beach real estate attorney about rescinding the contract.
* If you are the purchaser hire your own inspectors and lender. If you gather your own team it will assure that everyone has your best interests at heart. A reputable Laguna Beach real estate agent will not have a problem with any of this. If he/she has a problem with you having your own team it could be one of many real estate scams.
* Learn about everything you are asked to sign before you move forward with the closing. Most real estate scams are loaded with fine print. This could take you a while to read and look over all the pages in order to ensure that all addendums are included. If you have the means necessary to hire a real estate attorney it is recommendable that you have your attorney accompany you at the time of the closing.
* If a deal seems too good to be true, it is probably not. Take your time; do rush into any deals that promise you large amounts of money in return. Avoid paying for any goods or services in advanced.
Real estate scams are out there, make sure to follow these simple tips and avoid future headaches.
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