6 Property Frauds Every Smart Buyer Should Know and Avoid
Real estate scams can cost you time, money, and peace of mind. As a smart buyer, being aware of common frauds can save you from a financial disaster. Let’s uncover the 6 most common property frauds and how to avoid them.
Scammers post listings for properties that don't exist or aren't for sale. Always verify the property and its ownership before committing any payments.
1. Fake Property Listings
Selling property with unclear or fake ownership documents is a common trick. Ensure the title deed is verified by a legal expert to avoid this trap.
2. Title Fraud
Some developers promise possession on a specific date but delay endlessly. Opt for RERA-registered projects and check possession clauses carefully.
3. Delayed Possession
Builders often lure buyers with luxurious amenities that never materialize. Always insist on getting promises in writing to hold them accountable.
4. False Amenities Promises
Beware of shady loan offers with hidden charges or high-interest rates. Stick to recognized financial institutions to avoid being swindled.
5. Fraudulent Loan Offers
Sellers may spring extra fees and hidden charges on you after a deal is made. Clarify all costs upfront before signing any contracts.
6. Hidden Costs
Navigating property frauds can be tricky, but staying informed helps you avoid costly mistakes. For a safe and secure investment, choose Omaxe—one of India’s most trusted real estate companies. With Omaxe, you get transparency, timely delivery, and a hassle-free buying experience, ensuring peace of mind for every smart buyer.