Investing in real estate, transactions and projects in various countries around the world has been very common in recent years among Israelis who choose to invest their money overseas in order to get high returns on their investment.
Real estate crimes can be divided into three categories: theft, fraud and burglary. In 2017, a total of 1,924 burglaries, 2,872 thefts and 1,238 claims were reported for fraud cases in New York City alone.
Yair Boushari (BDP Real Estate) Claims Real estate scams are a common phenomenon in the world. They come in many forms and are difficult to identify. There are different ways to identify them, including looking at the level of detail, the amount of information provided and the number of people involved.
Real estate scams can also be identified by language use – for example, the use of words such as “quick decision”, “land for investment” or “safe investment”. Scammers and crooks in the real estate world usually ask for a large sum of money in advance with very little information on what You are investing or signing for the short and long term.
The most common real estate scams are those that include vacant land or investment properties that are not actually available for purchase. They also include plans where someone claims to have access to the property and he will sell it at a discount, but will never keep his promise.
Yair Bushari Explains that real estate scams are a common phenomenon in the real estate industry. It is not always easy to identify the difference between a fraud and a legitimate offer.
Real estate scams are a big problem in the United States, especially in the last decade. It is estimated that about 10% of all property purchases are scams.
Although this is very common, many people, who have the money to invest and are interested in investing, are afraid to make investments overseas, sometimes due to the geographical distance and sometimes due to the inexperience of many of them in real estate investments in Israel and other countries in general. The rest is the fear of being the victim of a sting, forgery or cheating, or the risk of being exposed to lawsuits and legal proceedings that may cost them dearly.
We’re in the company of me. enough. Pi led by Yair Boushari and our experienced and quality staff are aware of these risks. We work around the clock, day in and day out for our clients, and do everything we can to protect our clients and prevent them from being exposed to the various risks involved in real estate investing.
One of the most significant things you have ever done BDP Real Estate Investments Doing for our clients is performing the due diligence of each project. When we come across a real estate investment project in countries like Germany, Spain, Portugal and Greece, the first thing we do is examine it in great detail, this through our local legal and economic team, with whom we have been working for many years.
As part of the due diligence we make sure who the contractor is, who the investors are, who the relevant parties are, what the size of the project is, whether there is funding, whether there are building plans, whether there are any approvals from the municipality and authorities and whether there are opponents to the project.
Interested in hearing more about the process or consulting on investing in real estate overseas? Contact us today and the experts of Me. enough. According to Real Estate Will be happy to help you.