Beware - Use Your Judgment

Protect Yourself: Verify Property and Owner Authenticity

In the realm of real estate, ensuring the legitimacy of properties and their owners is crucial. While our platform aims to provide accurate information, it’s important for users to exercise caution and use their judgment. To help you avoid potential fraud and make informed decisions, we have put together a checklist. We strongly recommend that all users review this checklist before finalizing any property purchase or rental.

How to Avoid Real Estate Fraud

1.Verify Payment Methods:

  • Avoid sending money online to a ‘supposed landlord/owner’ using UPI, net banking, or cards before meeting them in person.

2. Skip Advance Fees:

  • Do not pay property visit charges, gate pass fees, or booking amounts over the phone. Legitimate transactions should not require such upfront payments.

3. Meet the Owner:

  • If a broker is showing you the property, ensure you meet the owner or have a video call with them to confirm their identity.

4. Avoid Broker Payments:

  • Do not hand over any part of the rent or consideration to the broker. Payments should be made directly to the property owner or authorized agent.

5. Check Land Titles:

  • Be cautious of properties with disputed land titles. Verify ownership and title legitimacy before proceeding.

6. Beware of Unrealistic Promises:

  • Always visit the property in person to assess its condition. Check both interior and exterior aspects, and conduct thorough due diligence.

7. Inspect the Property:

  • Be skeptical of real estate investments that promise unusually high returns with minimal risk. Such claims may indicate fraudulent schemes.

8. Request Clear Photos:

  • Ensure the property listing includes at least 3-4 clear photos of key areas such as bedrooms, bathrooms, and the kitchen.

9. Know the Neighborhood:

  • Familiarize yourself with the neighborhood before moving in. Speak to neighbors to confirm the legitimacy of the property and its owner.

For Buyers/Investors

1. Verify Ownership and Credentials:

  • Conduct a thorough check of the property’s ownership and verify the credentials of the developer or owner. Ensure that the property matches the advertised details.

2. Site Visits:

  • Visit the property or project site personally to confirm its existence and verify that the claims made by brokers or developers are accurate.

3. Research the Builder:

  • Opt for builders with a good track record. Research their past projects and reputation to ensure reliability.

4. Beware of False Documents:

  • Be cautious of counterfeit title documents. Ensure that no loans or disputes are associated with the property.

5. Regulatory Compliance:

  • Verify that the property complies with the Real Estate (Regulation and Development) Act 2016 and its relevant provisions.

For Buyers/Investors

1. Inspect the Property:

  • Visit the accommodation and meet the landlord in person. Inspect all rooms, including the kitchen and bathroom, for any maintenance issues.

2. Avoid Unjustified Charges:

  • Never pay property visit charges, gate pass fees, or booking amounts before visiting the property. Legitimate landlords will not require these payments.

3. Check for Plumbing Issues:

  • Look for any plumbing problems such as leaks, clogged drains, and faulty fixtures in the kitchen and bathroom areas.

4. Understand Security Deposits:

  • Research the standard security deposit amounts in the area to avoid paying excessive or unjustified sums.

5. Assess Safety and Access:

  • Ensure the property has adequate safety measures and access arrangements.

By following these guidelines, you can safeguard yourself from potential fraud and make well-informed decisions in your real estate transactions. Your vigilance is key to ensuring a smooth and secure experience.

For any queries or assistance regarding the notices listed, please contact our support team at email@realtyarmy.com.

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