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December 12th, 2017 9:35 AM

Barbara’s Blog:

During the holiday season, there are various scams to beware of, but even in real estate there are many ways a con-artist can take advantage of sellers.  Especially during this time of year, there are some buyers who like to play games and will sign a contract on one or several homes, never intending to close, but instead planning to cancel during the inspection period, which is perfectly legal. 

This can cause many problems and headaches for the homeowner, who thinks their pending sale is a firm commitment, so they make their own plans to move and possibly purchase another property.  It can be a devastating blow to find out a contract has become null and void. 

Although a realtor cannot totally prevent such a situation, the power of networking with other local professionals gets the word out if such a buyer is making the rounds in a particular market area.  This helps eliminate multiple purchases by the same buyer and sends out an alert to other realtors to be aware.

Even during Open Houses, it is very important to use a qualified, professional realtor, who can carefully watch and assess the sincerity of a buyer.  When a homeowner decides to sell without the help of a professional, he may be opening his door to unscrupulous pretentious buyers, who may want to waste the seller’s time or even “case” the home for future theft.

So, it is always a positive step to hire a realtor to assist in weeding out bogus buyers and potential problems in any real estate transaction.  The cost will far outweigh the benefits, with less stress and peace of mind from contract date to closing. 

Written by Barbara Doeringer

 


Posted in:Real Estate
Posted by Allen Doeringer on December 12th, 2017 9:35 AMPost a Comment

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