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Most common frauds that you should aware of before buying property

Buying a property where in you are investing your lifetime saving, any casual approach of yours can cost you heavy. You must keep your senses active to avoid any scam that can occur with you.

Here are some most common frauds that you should be aware of before buying property:

Bogus promises

In order to grab customers the seller entice the buyer offering him high discounts while advertising the estate, manifesting it to be the most affordable one and then gradually unfolding schemes to take money once they have captivated the buyers.

You must restrain yourselves being attracted towards such fraud sellers and be part of such dealings.

Planned delay with intention of coercive cancellation

Builders taking money from buyers, raising fund for his project intentionally delays the project so that he can sell it to new buyers willing to pay a price higher than the price fixed by his early buyers. Sometimes builders also invest the fund partly in two projects, constructing it parallelly which leads to delay.

Scams associated with title

It is very crucial to have a proper check of all the essential documents of the property preventing to get into trap of fraud sellers, who does it more specifically in order to get rid of disputed land.

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Hasty sell

The owner is if at haste to sell you the property then there is something fishy about it. You can become a little more alert. You should revisit all the documents of the land for avoiding falling prey to his trap.