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.
You will be pleased to know that Nesbitt Realty is trusted by both local, out-of-state, and foreign property owners. Real estate investors and trusts hire us, but most of our clients are everyday people from all walks of life. They simply need some assistance with managing their property in {Location_Name}. While we do have some wealthy clients who have no mortgages on their properties, the majority of our clients are known as "mortgage landlords". "Mortgage landlords" need rental income in order to pay off mortgages. A number of these homeowners are the average people and this is the single largest investment interest that they have committed to in their lives.
Learn more about us now!We want what's best for the client.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
