Faux patrons disrupt gross sales
A number of REIWA members have reported encounters with pretend patrons who waste time and disrupt the gross sales course of.
Whereas no cash has been misplaced, one excessive case led to a police criticism.
Increased-end market focused
The pretend purchaser exercise predominantly impacts the upper finish of the market.
Frequent situations reported
REIWA has recognized a number of recurring situations involving pretend patrons:
- Two aged sisters with a supposed massive inheritance on the lookout for properties shut to one another.
- An aged man with a youthful spouse making affords within the title of a household belief.
- An older man viewing high-end properties with a youthful girlfriend.
- A “rich” non-resident planning to maneuver to Australia and purchase a number of properties.
Faux patrons’ delaying ways
After making a suggestion, these patrons use numerous excuses to delay the deposit fee, with no intention of finishing the acquisition.
Their motivations stay unclear however might embrace having fun with the eye, pretending to be rich, or just losing time.
Restricted recourse
REIWA has consulted with DEMIRS, which has not acquired any experiences of faux patrons.
Sadly, there’s little that may be performed to forestall this exercise. Vigilance is important, and it’s advisable to ask questions or request proof if suspicions come up.
REIWA: Keep vigilant
REIWA advises members to remain alert and cautious.
In case you suspect a pretend purchaser, take steps to confirm their intentions and background to keep away from wasted effort and time.
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