Like all other industries, real estate industry is not safe from scams. There are groups of people working to harm real estate professionals, lending institutes, investors, landlords, buyers and tenants. Usually professionals working in the industry are ethical and try to perform their duties with honesty. There are criminal mind people who actually don’t know about business process of this industry but they use properties as source to extract money from people. Main reason of real estate property scams is the huge amount of cash associated with properties. Whether, landlords selling or renting their properties to buyers and tenants they will be dealing with huge amount of money. Even few real estate scams work as fake property developers to deceive inexperienced real estate investors, they make false commitment with investors collect money from them and run away. The fast growth rate of property and construction industry not only offers excellent opportunities for investors rather it also attract criminals as they get more chances to betray investors, buyers and tenants. But you can safeguard yourself from such fraudsters, if you take decision with sensibility. Considering few basic things will keep you save becoming a victim of real estate scam.
I will always recommend to buy ready to move properties from my past experience.