Searching for an apartment is a tiresome and draining affair. If you have no idea where to start, the process even becomes more difficult. You will need to set time aside and hit the ground in search of your ideal apartment. You may decide to do it the smart way and search the net for apartments put up for letting.
The photos displayed on web pages may look fantastic, but you will still need to go on the ground and check out the apartment and other amenities that you wish to have in your new house. Therefore, either way, you will still spend time moving from one location to another checking out the houses.
Today, there are all types of cons out there. The real estate industry is also affected by such frauds, and you could be a target for such scams when hunting for an apartment. Here are con trends affecting people looking for apartments. Watch out and beat the cons at their own game.
During your search for an apartment, you will come across property agent hired to sell or let property on behalf of the owners. However, you may also come across agents who claim to be property agents only for them to turn out as cons. Fake agents use different strategies to steal from unsuspecting clients. They may start by asking you for an upfront fee before showing you the property. Once you make the payment, they will go underground without a trace.
Others will show you different apartments they claim to manage, and you could probably end up selecting one of them. They will then proceed to ask you to make a payment mostly in cash, after which they will promise to issue you with a receipt. If you make the payment, you will never hear from them again. It will be too late for you to realize the property already has a tenant or has another agent. Be vigilant when dealing with property agents. Visit their offices, check their site and read customer reviews.
Every business today has moved to digital marketing. It has made it easy for buyers and sellers to break geographical and time barriers and conduct businesses without having to meet. While the digital space has eased the way business operations, it has also come with a share of setbacks. It has made it possible for criminals to flourish and reap from unsuspecting customers. You may come across a property listing on the internet.
The listing will give you the location and all the details of the apartment you are looking for, and due to the excitement, you drop your guard. The company further asks you to make a financial commitment so that they can reserve it for you. Once you make the payment, you realize too late that there is no such property. You can avoid such a scenario by avoiding online transactions when looking for an apartment. Request to have a visit at the show suites and ensure that you are satisfied before you proceed and make the payment.
Fake property owners
In your search for an apartment, you are likely to come across fake property owners. The catch here is that the ‘owner’ will meet you and claim to own so many properties around Singapore. They will give you an agent who will also be part of the game to show you the apartments. They will then ask you for a down payment.
That will be the last time you will meet the ‘’owner’’. Once you are ready to move into the apartment, you will have the shock of your life because the house will have an occupant already. Before making your payment, talk to the tenants within the apartment, ask about the owner, and if possible ask them if the house has an occupant.
We all wish to enjoy living in a high-end property but pay the least possible amount of rent. The cons out there understand the psychology of their victims and move swiftly to make a kill. During your search for an apartment or condominium, you may come across a property in prime areas with unbeatable prices. The advert will ask you to make payment for a reservation. Once you make the payment, you will realize too late that the property does not exist. To avoid being a victim, think twice before counting yourself lucky for getting a property at an unbelievable price. Ask the difficult questions before paying. Why is it so cheap, what could be wrong with the apartment, is it safe?
You can outshine these cons by dealing with credible property agents and developers. Go for property managed or developed by companies like Martin Modern who have great reviews and are careful about their reputation. That way your money will be safe. You will also avoid unnecessary frustrations and disappointments.