“ Never in the history of America, has there ever been a better time to purchase real estate!”
 
Listing Your Home Online

People are flocking to the internet to advertise their homes and property for sale, and especially popular are the online auction sites. Even though it is a growing trend to sell and buy homes on the internet, it might not be a very wise decision. Serious consequences can arise which can involve unscrupulous characters promoting out right scams on the uniformed buyer.

The impersonal nature and cloaked façade of the internet can quickly get you into financial and legal difficulties. In particular the elderly and young adults are vulnerable.

Being aware that you might not get what you paid for is a good rule to follow; because scam artist just know there is an ocean front home in New Mexico waiting just for you. Become aware of the possible complications involving land and property transaction, and the vital information that can be obtained from knowing sensitive and personal information.

As hard as it is to believe there are many individuals that are buying property site unseen on many of the popular, and some not so well known, online auction websites. Bargains are a great thing to lay your hands on, especially when it comes to known expensive real estate, but as ole timers might say, don't bet on another mans game.

Aside from pictures and videos, which can be enhanced or out right lied about, there is not much evidence to go on, unless you make a trip to personally view the property and structures yourself. If you're seriously considering buying an online piece of real estate, you need to examine a few issues.

For example, what about the deed and title to the property, are they clearly deeded and owned by the seller? Are there any other encumbrances on the land and or home, such as inheritance claims, foreclosure actions, or mortgage and bank claims?

Also, is the property a land locked area where no building or road frontage is available. How well has the property and any structures associated with it been maintained?

Consider too that certain utilities might not be available for lands that are remote. In other words, if you want to build is there enough property to dig for a well, or to install a septic system because of local ordnances governing such activity?

These are just a few of the issues that you will encounter when purchasing real estate through an online auction.

Not only do you open yourself up to all kinds of real estate legal issues, but have you seriously considered the very personal information that online sellers might require of you to conduct transactions?

Even though most, but not all, internet auction sites will state that transactions on bidding for real estate do not constitute a legally binding transaction, you must read the fine print.

Be careful of hidden clauses on property sale at online auction sites. Fortunately, most ads online are really just advertisement and fronts so to speak, to get you to privately contact the seller for further information, with no intention of deceit.

However, the danger of contacting anyone that you don't personally know with your private information can result in unpleasant circumstances for you later. Information such as full name, phone and email addresses are just part of the problem.

Many scam artists will ask for your saving, checking and credit card numbers to verify who you are, and lay claim that there are costs to fax paperwork or even copies of deeds as an example.

As a buyer looking to purchase property whether for your own personal use or as an investment consider contacting a realtor or buying from someone in your local area. Often a great deal can be worked out among home town neighbors! At least you will be able to verify facts concerning deeds, titles, and mortgage information by visiting your local courthouse, and there is not the constant threat of identity theft!

Even if you end up paying a slightly higher price for you new home or investment, isn't peace of mind comforting?

Seriously consider using a local reliable realtor in the New Orleans, Kenner, Metairie, Destrehan, Laplace, River Ridge, Luling and other areas for all of your transactions. They are professionals trained in the legal issues of property issues and management. After all it will be you that gains substantially over the long run. In the end it can be said that by using common sense against scammers is just using your plain ole common sense. Jeff Melancon has significant experience and business acument to guide you through the process.

     
About Jeff
100% Financing for Buyers
Home Buying Basics What is RESPA?
Ten Pitfalls to Avoid for the Home Buyer What are Discount Points?
Tips for the First Time Home Buyer What Is Title Insurance?
Loan Application Checklist What is Escrow?
Which Mortgage Do I Choose? What are Servitudes, Rights of Way, and Restrictive Covenants?
Online Mortgage Calculator Buying a Million Dollar Home
Avoiding Mistakes in Property Dealings Is The Fixer-Upper Worth It?
Local Services Don’t Be A Victim of Lender Fraud
New Homes for New Orleans Mortgage vs. Deed Trust
Online Auctions: Buying your Home Online Things to Know about HUD
Buying a HUD Home What to Expect in Closing Costs
Real Estate Appraisals What are Modular Homes?
Is a Home Warranty Necessary? What are Buyer Agents and Seller Agents?
House Hunting Tips Tips to Buying A Foreclosed Home
Location, Location, Location Buying a home outside the U.S.
Buyer Mistakes to Avoid Interest only loans vs. traditional loans
Adjustable Rate Mortgages How to Select the Right Agent
FHA Loans What to Look for in Investment Properties
VA Loans Buyer Open House Strategies
The Real Estate Bubble Buying a Historical Home
When Buying Consider Re-Sale Value    
What is my Home Worth?
For Sale by Owner
Why Choose the Jeff Melancon Team? How to Maximize the look of your home
What Our Clients Are Saying The Facts about Property Disclosures
Ready to List with An Agent ? How to Choose a Listing Agent
Home Selling Basics Step by Step Closing
How to Sell Your Home Listing Your Home Online
The Significance of Curb Appeal The Importance of a Contract.
Open House Selling Negotiate a Contract like a Pro
Interior Home Repairs How to Increase Your Property Value
Seller Home Remodeling What is a Net Sheet?
Ten Critical Seller Mistakes
Pre Listing Inspections
Why Great Homes Don’t Sell Listing Appraisals
How to Make Your Home Stand Out! Marketing to Gen X, Y, Z and Millenials
For Sale By Owner Tips Why Choose Remax?
Why Sellers Pay Closing Costs    
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Jeff Melancon | Remax Real Estate Partners, 4141 Veterans Memorial Blvd Metairie, LA 70002 .Office: 504-457-2662 Mobile: 504-914-0988