Real Estate Scams in Pakistan
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Although I am not a type of real estate and have never bought a unique square property somewhere. But being human, I was in need to rent a house, apartment, office and location. Pakistan is full of real estate agents – commonly called the dealer-owned. A general (and common) thinking about buying, selling and renting real estate is to acquire (rent) services owned by a businessman. It becomes very difficult sometimes to find a very suitable and safe without these guys. There are many strong reasons for which a person (like me) you plan to take on these services, such as:
These are some reasons that I have had in recent years. And I think all Pakistanis are suffering with these cases. A retailer-owned works as an intermediary on behalf of the Commission for any other type of business. These guys are doing their best to cut the throats of the seller and buyer. If you are a seller / tenant and has done a good commission to a real estate dealer then thumbs up for you – you get what you want. And if you are a buyer and you offered a good commission on which the hat for your family. This is a common scam – not just a bargain property, but each part also.
An investor with strong investments may exclude the industry as a king. There have been times when someone could save money on their salaries or small businesses can buy a house, a piece of land (soil) and / or in a store – as an investment in the future, to use the car or the safe money. It is an amazing story on now. Large investors, as our leaders, ministers, the industry, MPA, MNAs and business mens played very well destroy the whole real estate sector in Pakistan. Asked the big investment – assuming small town – reorient government policies to their benefit – glamourized their supply for the public at large – robbed money and flew away. Oridinary A man only pays mortgage – not at all or will be behind bars. Many of these large fish are preliminary and we have built their pyramids around us.
Every day we see the bluffs reported in newspapers, television and the Internet.
Another very common scam is to sell properties in more hands. In Lahore (Pakistan), there is a Development Agency (LDA – Lahore Development Authority) which manages the city’s planned offerings LDA and other land (owned by the Government of Punjab in Lahore). Children in the LDA is real magicians – Yes, sell land / houses for the number of people. Although you can buy what you want – just a question of money. You should always be careful before you purchase a property (not just in Lahore, Pakistan, but anywhere) that should be confirmed by the development of the real owner. And this is only possible when you have enough money to fill your stomach – otherwise – are prepared to put in a suite of law in the courts and train your children (and their children and their children to follow the hearings ….) .
These are small and very “low” harmful scams – There are a bunch of these.
This does not mean that can not or should not invest in real estate. It should – it’s a gold mine in Pakistan. But all you have to be very careful – I mean very careful. When you’re on, nobody can get you out of it – I’m talking about both sides of the picture.
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My biography and resume can be found at http://www. esearchbook. com/files/37/eSearchBook. 1193386271st CV_164503_WBinHasan_1.
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