{"id":54745,"date":"2022-01-06T04:30:00","date_gmt":"2022-01-06T04:30:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54745"},"modified":"2022-01-06T06:42:14","modified_gmt":"2022-01-06T06:42:14","slug":"common-property-frauds-to-avoid","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/common-property-frauds-to-avoid.html","title":{"rendered":"The Most Common Property Scams You Need To Avoid"},"content":{"rendered":"\n<p>Real estate is one of the most profitable businesses in today\u2019s world. Take a look at Pakistan. The property market is thriving; one of its most visible indicators is the development of many new, advanced housing societies across the country.<\/p>\n\n\n\n<p>However, just because a system is doing well, doesn\u2019t mean there aren\u2019t any issues. Case in point: While you have many options to choose from in the property market of Pakistan, the process requires a lot of research \u2014 and caution. <\/p>\n\n\n\n<p>Scammers are everywhere. These people will try to sell you fake properties or offer you bogus agreements. Spotting a real estate scam can be difficult. But we can help you out. <\/p>\n\n\n\n<p>Whether you\u2019re buying, selling or renting, here are some things you need to take into consideration to avoid losing your hard-earned money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Listing Down the Property Frauds You Need to Avoid<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Unreliable Agents<\/strong><\/h3>\n\n\n\n<p>This is one of the most common property frauds you need to avoid. You become vulnerable to property scams when buying property in Pakistan once you get in touch with unknown property agents. You must make sure whether the person you\u2019re trusting with your money belongs to a verified real estate agency operating in the area. You should definitely visit their office and also check out their website if they claim to have one. A property portal like <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"http:\/\/www.zameen.com\" target=\"_blank\">Zameen.com<\/a> is the most authentic way to avoid property scams in Pakistan and get in touch with agents who can be tracked and trusted. With the help of Zameen, you can find properties and contact their agents all over the country with just a few clicks.  <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>False Listings<\/strong><\/h3>\n\n\n\n<p>A lot of websites in Pakistan claim to be real estate portals. Most of these do not have a proper verification mechanism like Zameen to block people from listing fake properties. Even when you are using Zameen.com, make sure the price of your property you\u2019re considering is not extraordinarily greater or less than other similar properties. Plus, go for a property listing that either has a blue or green check-mark, or a reserve button as these indicators verify that the property that you are interested in physically exists. The problem of the false listing isn\u2019t going away anytime soon, and you have to stay alert because it is one of the most common property frauds you need to avoid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fraudulent Property Buyer<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95-1024x640.jpg\" alt=\"Fraudulent Property Buyer\" class=\"wp-image-54770\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-3-95.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Beware of the fraudulent property buyers found everywhere these days<\/figcaption><\/figure>\n\n\n\n<p>Beware! A potential buyer of your property could turn out to be a fraudster. Try to meet people you\u2019re dealing with in-person and fetch as many details as possible regarding them before getting into any kind of a deal. By information, of course, we mean official information. Always make sure to ask for their NIC before discussing any matter(s) related to money and property. Avoid handing over any official paper or document detailing property possession or ownership until the deal is legally finalized. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fake Documentation<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83-1024x640.jpg\" alt=\"False Documentation\" class=\"wp-image-54771\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-4-83.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Fake documentation is the most common way to deceive a property buyer<\/figcaption><\/figure>\n\n\n\n<p>The phenomenon of fake documentation is one of the most common property frauds you need to avoid. Has the other party handed you over the original property documents or not? This is one of the most concerning questions that bothers everyone involved in a particular real estate deal. It\u2019s very important to thoroughly verify papers with the help of proper means. Take advice from an experienced property lawyer or reach out to a law institution to understand the legalities behind the deal. Never sign or accept a document that looks suspicious to you and always try going through the process of legal verification. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Buying or Renting an Unseen Property<\/strong><\/h3>\n\n\n\n<p>Do not ever do that. It is yet another big mistake that most property buyers and tenants commit. In order to avoid the hassle of travelling and inspecting the property themselves, some people risk their money by buying or renting an unseen property. Digital mediums like GPS, maps and pictures posted on a website shouldn\u2019t be enough for you to get into a property deal. You should always visit the place yourself that you intend to buy or rent, inspect it thoroughly and only then make your final decision. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Falsely Communicated Market Value<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102-1024x640.jpg\" alt=\"False Market Value of a Property\" class=\"wp-image-54784\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/04\/image-1-102.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Property scammers trap people by communicating with them the overpriced value of their property<\/figcaption><\/figure>\n\n\n\n<p>Never solely rely on property agents if you want to know the market value of a property that you like. In most cases, these people multiply the actual price by two or three, so as to deceive the client. In such a case, what are you supposed to do? You can actually search for listings of properties similar to the one you are interested in on Zameen.com and check for the prices. This will give you some idea about the expected price range of a particular property type that you desire to buy or rent. Plus, you can also navigate to <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/index\/\" target=\"_blank\">Zameen\u2019s price index page<\/a> to know about the rising and falling demand and rates of properties across the country.<\/p>\n\n\n\n<p>It\u2019s always good to keep a checklist of all these points if you\u2019re planning to buy property. Scammers may try to trick you, but it\u2019s important to remember that fraud can be avoided by taking small measures. That said, always inform law-enforcement authorities if you\u2019ve been defrauded or if you sense someone is trying to scam you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Only Invest in Secure and Profitable Real Estate Projects<\/h2>\n\n\n\n<p>Zameen.com has been serving the local property industry with its outstanding approach for about 15 years. Its all-out efforts have helped retain the integrity of the national real estate sector by offering investors secure as well as profitable property investment opportunities to gain their trust. It is currently working with some of the most trustworthy construction, engineering, and infrastructure companies from all across the country including <a href=\"https:\/\/www.zameendevelopments.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zameen Developments<\/a> \u2014 EMPG&#8217;s real estate development wing.&nbsp;<\/p>\n\n\n\n<p>So, whenever you think about investing in real estate, consider projects that have Zameen.com as their marketing and sales partner. As Pakistan\u2019s largest and most trusted property portal, the company carries out the necessary due diligence of every investment opportunity that it represents for the satisfaction of both investors and genuine buyers.<\/p>\n\n\n\n<p>We hope the information we have shared above will help you stay safe from some of the most common property market frauds in Pakistan and make an informed investment decision. Feel free to ask us anything or share your feedback at <a href=\"mailto:blog@zameen.com\">blog@zameen.com<\/a>.&nbsp;<\/p>\n\n\n\n<p>In the meantime, stay connected with the <a href=\"https:\/\/www.zameen.com\/blog\" target=\"_blank\" rel=\"noreferrer noopener\">best real estate blog in Pakistan<\/a> \u2014 Zameen Blog \u2014 for the latest property updates and detailed project overviews.<\/p>\n\n\n\n<p><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here we have listed down and discussed some common property frauds in Pakistan and how to avoid them!<\/p>\n","protected":false},"author":82,"featured_media":54768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11051],"tags":[16886,16885,236,155,16884,14157,16888,16883,16921,823,16882],"persona":[32411,35639,32428],"class_list":{"0":"post-54745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property","8":"tag-fake-documentation","9":"tag-online-portals","10":"tag-property","11":"tag-property-buyers","12":"tag-property-fraud","13":"tag-property-market","14":"tag-property-owners","15":"tag-property-scams","16":"tag-property-scams-in-pakistan","17":"tag-real-estate-agents","18":"tag-real-estate-scams","19":"persona-property-investment","20":"persona-property-management","21":"persona-tips-and-tricks","22":"cat-11051-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Most Common Property Frauds You Need To Avoid | Zameen Blog<\/title>\n<meta name=\"description\" content=\"Scams in the real estate industry are quite usual these days. 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