Baton Rouge Real Estate Agents

When selecting a real estate agent, here's something you should keep in mind. In the last few years the real estate market has boomed, and along with the boom has come an increase in fraud and deception. There has been a dramatic increase in bogus real estate schemes designed to defraud you, the buying public. Here are some of the most common kinds of fraud:

* "Property Flipping" - A buyer pays a low price for property, then resells it quickly for a much higher price. While this may be legal, when it involves false statements to the lender, it is not.

* Two Settlement Statements - One settlement is prepared and provided to the seller accurately reflecting the true selling price of the property. A second statement is given to the lender showing an inflated selling price. The lender provides a loan in excess of the property value.

* Fraudulent Qualifications - Real estate agents help unqualified buyers by fabricating their employment history or credit record.

How can you find a real estate agent that is best for you? Well, the best strategy is to compare different real estate agent web sites, then make contact, and ask them the questions that are of concern to you.