These few years have seen real estate scam companies collapse leading to an intense backlash from the public. However, there are still so many scammers out there and common Kenyans are falling trap each day.
Unfortunately, these few scam companies have ruined it for genuine real estate agents. Kenyans are more sceptical than ever when it comes to purchasing a property.
Although buyers should keep their guard up when looking to property, agents are suffering from trying to prove their legitimacy. Unlike before where buyers, sellers and agents had a good relationship, now sellers and buyers tend to depend on themselves.
Related: How to avoid Real Estate Investment Scams
Fortunately, homebuyers or investors are more vigilant when it comes properties without blinding trusting an agent or broker. Although, some have blind information and refuse to consult and make mistakes. Hence, these mistakes cost you money and you would have just consulted an agent.
As a potential buyer, seller or investor afraid of frauds, caution is necessary but don’t let your fear lead you to make more mistakes. Thus, research on legit real estates companies like Kenya Homes or even HassConsult, companies that are well known by your friends or family.
Most scams have the same tendencies which you can easily note if you observe and research. Moreover, just because a company has a huge clientele doesn’t mean it is legit. This could just mean the lot of you are rocking the same boat.
In retrospect, your fear of being scammed is completely normal and well-respected. But our concern is that most Kenyans are bluntly unaware of how real estate can be complex and you need help.
Just like a lot of industries, there is legit companies and there are the scams. The differences between what’s real and what’s false can be discovered if you do your research and consult a professional.
Additionally, you can manage to do all the purchasing, investing by yourself but you don’t know the loopholes in the industry. You’ll need someone to guide you in avoiding deals that can lead to fraud or loss of money.