Safe Real Estate Purchase: How to Protect Yourself from Fraud

7. 5. 2025. 20:40:14
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Buying real estate is one of the most important investments in life. However, due to the large amount of money involved and the emotional engagement, the real estate market is vulnerable to fraud. Adopting protective measures is essential for a safe purchase. In this guide, we present practical tips on how to protect yourself.

How to Protect Yourself from Fraud

  • Thorough Documentation Check
    • Verify the Land Registry Extract – Always obtain the most up-to-date information through electronic systems (e.g., eKatastar) to confirm ownership, mortgages, and encumbrances.
    • Cross-check the details – If an ad seems too good to be true, verify that the information matches the official data from public records.
  • Hiring Professionals
    • Legal advisor or attorney – Consult with a real estate lawyer who can thoroughly review all documentation and detect any irregularities.
    • Property inspection – Before signing any contracts, a personal visit or hiring a professional inspector can uncover hidden issues.
  • Using Trusted Platforms and Agents
    • Licensed agents – Choose real estate agencies with proven track records and positive client reviews.
    • Verified websites – Use well-known online platforms that implement verification mechanisms for listings and documents.
  • Secure Financial Practices
    • Do not pay deposits in advance – Never transfer money before thoroughly verifying the property and signing a notarized preliminary contract.
    • Use secure payment methods – Conduct transactions through bank transfers, which provide a verifiable trail and added protection.
  • Stay Informed and Educated
    • Follow expert blogs and forums – Stay updated on the latest fraud cases and legal advice from real estate professionals.
    • Learn key legal terms – Understanding terms like “land registry extract,” “mortgage,” and “transfer of ownership rights” can help you identify red flags early.

Additional Protective Measures

  • Identity Verification of All Parties
    • Verify the seller’s identity – Make sure the seller’s information matches the official records from the land registry.
  • Register Ownership Rights
    • Don’t skip the registration – After purchase, immediately register your ownership rights in the Land Registry to secure your investment.
  • Use of Digital Tools
    • Online document verification – More platforms now offer tools to verify the authenticity of documents using digital technologies, further reducing fraud risks.

Conclusion

Purchasing real estate is a complex process that requires thorough legal checks and ongoing education. Taking the right protective steps is key to a safe and successful transaction. Engaging professionals, using trusted platforms, and leveraging digital tools can help you avoid costly mistakes and make your investment secure. Always remain cautious and informed – it’s the best way to protect yourself in the world of real estate buying.

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