Before buying real estate: Falls that consumers should know

Find out how you can avoid pitfalls when buying real estate and protect yourself against fraudulent practices. Read the article and receive valuable tips from Bauherren-Schutzbund e.V. in Berlin.
Find out how you can avoid pitfalls when buying real estate and protect yourself against fraudulent practices. Read the article and receive valuable tips from Bauherren-Schutzbund e.V. in Berlin. (Symbolbild/MB)

Before buying real estate: Falls that consumers should know

Immo Tommy and Co.: No signature without prior exam

A new phenomenon casts its shadows ahead: buying real estate in the age of influencers. Prominent personalities like Immo Tommy use their social media channels to promote real estate and associated services. But caution is advised, because many consumers: inside feel cheated after they found that the promises were not met.

The problem not only affects influencers, but can also lurk in other situations. For example, construction companies sell household contracts to builders without having a building plot. Promises of possible land are made, but later they prove to be unusable. Apartments are also offered for renting that do not meet the beautiful exposés and cannot generate the hoped -for rental income.

In order to avoid such pitfalls, it is essential to consider some basic rules before signing a purchase or construction contract, regardless of how trustworthy the provider appears. Consumers: Inside should never buy an apartment, a property or a house that you did not visit beforehand. The best thing to do is accompany your own expert. When financing a property, it is advisable to obtain offers from several banks in order to find the best conditions independently. In addition, there should be a financing confirmation of the bank before the contract was signed. House construction and purchase contracts can contain pitfalls, even with renowned providers. It is therefore advisable to have the contract checked by a specialist before signing. This is even recommended for emergency contracts, since not all notaries are consumers: explain in detail about the purchase inside. In case of doubt, never sign something that you didn't really understand and can never be put under time pressure. Serious providers take the time to respond to customer questions in order to be able to make a considered and well -founded decision. After all, wrong decisions in real estate transactions have great financial effects, sometimes over decades.

In order to protect consumers: Inside such problems, there are organizations such as the building owner protection association e.V. This association offers support and advice for builders and real estate buyers in order to minimize possible risks. If you have any questions and uncertainties, the building owner protection association e.V. is available by phone and by email.

Contact information
address: Brückenstraße 6, 10179 Berlin
Telephone: 030 400339 502
fax: 030 400339 512
email: press@bsb-ev.de
Website: www.bsb-ev.de
Club register number: 15 743 NZ, District Court Charlottenburg
authorized board member: Andreas May and Wendelin Monz

In order to minimize the risk of real estate acquisition, consumers should be careful: carefully and get them thoroughly before a signature. Because one thing is certain: no signature without prior exam!