Many legit real Estate builders are constructing and offering the best residential and commercial spaces to the people all across the Pune. But due to the increasing growth of scammers many property buyers are finding themselves in a danger zone. Scammers are always on the hunt for different ways to cheat people and swindle money from them. Majority of best builder in Pune that are involved in real estate domain are honest, but some bad apples out there spoil the reputation of whole real estate business. Understanding the necessity, we’ve come up with some signs that will help you recognize which builder is legit and which one is fraud.
Red Flags to Watch Out To Protect Yourself from Scams:
- You’ve probably seen many times: messages by some fraud agencies – “We’re selling properties at affordable prices, we accept cash only, and we offers you the best flats for sale in Pune.” Remember, legitimate and professional real estate builders never advertise their services in such poor taste. Most Importantly, Trustworthy builders never contact people on phone or through email and insist them to buy property.
- Sometimes, scammers take a visual snapshot of personal, financial, residential records of people and contact them through email or phone to gain their confidence. Try to save yourself from such scams. Don’t share your credit card information or other financial information with such fake agencies. In fact, you should report these scams to law enforcement agencies in Pune.
- If you are asked by any real estate agency for a property viewing fee or fee to wrap up a property or any other kind of upfront free, stop yourself immediately. It’s a red signal. No legit real estate companies ask for such fees.
- Whenever you hear the term “wire money” in your conversation with any real estate agency, your first and foremost task is to run from that agency. They are definitely fraud. Scammers usually come up with an array of reasons why money would need to be send through a wire transfer rather than through a bank or attorney.
- These days, property buyers are encircled with scammers. They are everywhere and present themselves as legitimate professionals who can gain confidence of any real estate buyers. But we should not afraid of them, instead of this we should keep ourselves on the safe side
Savvy scammers are always on the lookout for a way to swindle money from unsuspecting victims, and the real estate industry is by no means off limits.
