Recently a person pretending to be a rental applicant tried to run a scam on a property we manage. They hoped to scam the landlord and Nesbitt Realty. With increasing reports of real estate scams worldwide, here are some ways you too can avoid being caught up in fraud.
Make sure all parties are who they say they are. Have an out-of-state party provide a photocopy of their driver’s license or passport that has been notarized. If someone alleges to represent an embassy or a large corporation, afford them no less due diligence that you would any other renter or buyer.
Will Nesbitt is the principal broker of Nesbitt Realty.
Verify signatures. Compare the signature on the real estate contract to other signatures on their driver’s license, passport, the original sales contract, etc.
Double-check the documentation. Make sure none of the documents have been altered. Inspect originals whenever possible. Get certified copies from a title company.
You select the professionals. Require the out-of-town party to use a real estate professional, attorney, or title company of your choosing.
Require a face-to-face meeting. The safest way to ensure that they are who they say they are is to require that they show up at closing.
Rely on the professionals. If it all possible, don't do it yourself. Let a brokerage like Nesbitt Realty handle all the details.
Nesbitt Realty takes property management very seriously. Our agents and full-time staff are in the property management business, and we meet weekly to stay abreast of industry changes and to home in on our best practices in property management.
Nesbitt Realty is a family business that strives for excellence in real estate. You may be certain that we work hard in analyzing the best possible solution to maximize our landlord's return on investment. We strive earnestly to meet the requirements of the Virginia Residential Landlord Tenant Act, the demands of the tenant, and the needs of the landlord. Call us to today to learn more about what makes us different from other property managers.
We serve most of Northern Virginia and we also have offices across the area. We manage single-family homes, townhouses, and condominiums.
Read more about property management service.We are a local family-owned business that values the chance to work with you to accomplish your real estate objectives.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
