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Protect Yourself Against These 3 Real Estate Scams


 There are three real estate scams I’ve become aware of recently that you need to know how to protect yourself against. 


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It can be a scary world out there. While the majority of people are good and honest, a few bad apples always try to take advantage of others.

Unfortunately, the real estate market is no different. Today I wanted to let you know about some real estate scams I've become aware of recently:

1. The mortgage closing scam. This scam is spreading across the country. It has become so prevalent that the FBI estimates it has led to over $1 billion in stolen or diverted funds in 2017 alone. It starts when hackers gain access to a real estate agent's email account. Then, when it's time to close a deal, the hackers, posing as the real estate agent, send instructions to the homebuyer on where to wire the money.

Of course, it is only after the buyer has sent thousands of dollars to an unknown bank account that the truth comes out—the real estate agent wasn't actually the one reaching out, and the buyer has been scammed.

2. Fake real estate lawyers. This scam is similar to the first one, in that the scammers will impersonate somebody legitimately involved with a deal. In this case, the hackers will impersonate a real estate lawyer who is associated with a particular home sale.

Then, at the time of closing, they will contact the buyer, either by email or over the phone, and tell them the wire destination has been changed. If this scam works, the homebuyer could again be out thousands of dollars.




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3. The bait-and-switch. Unlike the first two scams, this scam targets sellers. It also doesn't require any hacking or impersonation—just a dishonest buyer. Here's how it works: A buyer makes an offer that's well above the listed price, the seller happily agrees, and the contract is signed.

But then, the buyer starts procrastinating, making excuses, and dragging out the process for months or even a year. In the meantime, the seller continues to pay costs for the home, and is getting more and more emotionally worn out. In the end, the unscrupulous buyer flatly says they can only buy the home at a lower price, usually under the listed price. And the seller, desperate by now, frequently agrees.

So, how can you protect yourself against these and other scams?

For one thing, avoid sending account information over email. Confirm everything over a phone call (to a number that you already know to be valid)—or even better, in person. And ultimately, find a real estate agent you trust to represent your best interests. 

If you are ever in need of a trustworthy real estate agent, my doors are always open. If you have any other questions or you are interested in buying or selling a home, don’t hesitate to give me a call or send me an email. I would be happy to help you.

Not Later, Right Now: Stop Procrastinating


 Most everyone puts off doing something until later. Here are two tips you can use to curb your habit of procrastination.


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The word ‘procrastination’ comes from the Latin roots ‘pro’ and ‘cras',  meaning ‘belonging to tomorrow.’

If you’re like anyone else on Earth, you put things off until tomorrow. There are things you can do and should do, but for one reason or another, you put it off. We’re here to help with two tips to stop procrastinating.

1. A little goes a long way. The Japanese call it ‘kaizen.’ Author James Clear calls it the ‘two-minute rule.’ The idea is if you do something for a small amount of time, it is easy; you won’t feel guilty about stopping after two minutes because that was the time you gave yourself. More than likely, you will continue a bit longer. Those two minutes, however, are arbitrary—it can be 30 seconds. There are so many tasks that we put off that could be completed in about a minute, and it helps to create habits without weighing yourself down.



There are so many tasks that we put off that could be complete in about a minute.


2. Procrastinate correctly. Contrary to what you might think, procrastination isn’t a bad thing. Many amazing people we consider to be geniuses and effective individuals were chronic procrastinators. The architect Frank Lloyd Wright completed what was arguably his most famous work, a landmark home called Falling Water, in two hours after procrastinating. Wolfgang Amadeus Mozart regularly and intentionally procrastinated on his masterpieces, so much that pages were often still wet with ink at performance time. Many procrastinate to light a fire under themselves, and the desperation to complete something leaves little space for hesitation and self-criticism that so often gets in the way of the creative process.

As always, we are here for anything you need. We’re grateful to be your community resource and are ready to serve you, your friends, family, relatives and neighbors. Feel free to reach out to us at any time.

How Can You Find a Great Agent Anywhere in the Country?


Being a part of Keller Williams Realty allows us to help you find a great agent anywhere in the country.

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Are you moving to another part of the country but you’re not sure where to find the best real estate agent in that area? You’re in luck.

Being a part of Keller Williams Realty allows my team to help you in New Jersey and other parts of the country. We’ve formed relationships with many people in a variety of industries. Anywhere in New Jersey, we can put you in contact with the best agent in town.

If you’re considering an out-of-state move, we have top connections with mortgage brokers, financial planners, accountants, and contractors all around the country. Whether it’s New York, California, or anywhere in between, just let us know your needs and we’ll make the conversation happen.



We’ve formed relationships with many people in a variety of industries.



We’re also here for any other real estate needs you may have as well. We’re grateful to be your real estate resource, and we’re ready to serve you, your friends, relatives, and neighbors in any community.

If you have any questions at all or you’re thinking of buying or selling a home, don’t hesitate to reach out to us. We’d be happy to help you.