Avoid Scams on Properties for Sale in Snohomish
November 30, 2017
When it is time to look for properties for sale in Snohomish, it is important to engage a reputable real estate agent with experience in the field. Your realtor will offer valuable guidance and her expertise through the entire home-buying process. If you should tackle a home search on your own, you are more susceptible to scams that may not be easily apparent but do not slip by a pro in the field.
Unfortunately, there are many unscrupulous people in the real estate industry. Knowing what to look for can help you avoid potential problems.
- Sometimes documentation about ownership of property is forged. Requiring payment in cash is typically involved in these types of transactions.
- Many individuals participate in flipping houses. A buyer purchases a home that needs work for a low price, completes major renovations and sells the property at a higher price. This is a permissible activity but there are legalities surrounding this type of sale that must be followed to prevent a monopoly on the real estate market in the area.
- When a buyer cannot really afford a mortgage, but a lender helps him negotiate a loan anyway, this becomes a disastrous situation. A dependable realtor will help you avoid this scenario.
- Short sale fraud is initiated by both primary and junior lenders. Disclosure can help you steer away from this problem.
To find a home that meets your criteria among the numerous properties for sale in Snohomish without experiencing the above or other dishonest situations, you need a real estate agent whom you can trust. Call Lacey at New House Match at (425)268-0347.