Are you looking for a new home? Maybe you’re a college student preparing to move back to town for the school year. Alternatively, you and your family may be looking for a larger home to raise your children. Either way, there are many things to consider before signing your name on the dotted line.
In addition to making sure the home is the right and right price for you, there are unfortunately also scams to watch out for.
That’s right, today we will dive into various scams related to housing. Regardless of your age, you may come across certain types of scams while looking for a new place to live.
Luckily, the Federal Trade Commission has tips and advice for avoiding this type of scam.
If you are looking for an apartment, you should do a good amount of research before providing any financial or personal information.
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A schemer might advertise a great looking unit — the only problem is that it’s a fake. Here’s why. When you have a looming deadline to find a place to live, it can be a little desperate. But stay vigilant.
Be aware of some rental red flags. These include: Ads with spelling or grammatical errors. The landlord cannot show you the unit. The advertised price is significantly lower than similar properties. Or the landlord is asking you to wire as a security deposit, or asks you to pay the security deposit before signing the lease.
Before you rent a home, get a copy of the tenancy agreement, research the landlord or management company to make sure it’s legal, and tour the property.
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If you fall victim to a foreclosure scam, it can cost you thousands of dollars. Beware of scammers who promise to reduce your mortgage or “save” your home.
If you come across an ad that is too good, you know the rest. Probably yes. Beware of fraudulent legal advice. If someone says “help” you, file for bankruptcy. They will contact your lender and tell you they will handle the negotiations.
But they don’t. Instead, they file for bankruptcy in your name without your knowledge. Filing for bankruptcy may stop the foreclosure, but it’s only temporary.
Do not send your mortgage payments to a company that is not your loan provider. If you’re seeking help with a mortgage or potential foreclosure, use legitimate government-approved options.
hire a mover
There are many great moving companies out there who will be happy to help you settle into your new home.
Be careful if the moving company asks for cash up front before you move. This is an easy way for scammers to trick you out of your money without doing anything.
If the moving company won’t give you a moving cost estimate, proceed with caution. Also, be careful if the company doesn’t have a physical address or show up at your home with a rental his truck.
Before choosing a moving company, do a quick internet search to see if the business is genuine and has positive reviews from real customers.
If you’re looking for a new place to call home, keep these tips in mind. With a little patience and research, you can definitely avoid falling victim to scammers.
Maddie Pfeifer is responsible for public safety for Mid-Valley Media. She can be reached at her 541-812-6091 or [email protected]. Follow @maddiepfeifer_ on Twitter.