Homes For Sale By Owner (FSBO) Statistics - On 2007-11-23

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Real Estate SCAM - A new spin on the Nigerian Scam

This SCAM will work for any big ticket item…read on.

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I had a property for sale on eBay for $389,000.  The property was located in Tennessee, it had a home and a school on it, twelve acres of property total.  The auction was a good deal, the property was easily worth a half million but the owners needed to sell.  So I get an email from a guy named Victor.  He wrote me and said, “I want to find out more about that property.  Could you tell me more and the let me know the price?”  He saw an ad that I put on an FSBO site so I sent him to the eBay auction.  He said, “Oh, I love it, this is perfect, this is what my family and I have been looking for.  We really like this property.”

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Real Estate Lock Boxes Add Panic Button

HARTFORD, Conn. (AP) - Entering an empty, unfamiliar house with a stranger is all in a day’s work for real estate agents, most of them women.

“You’re on your own,” said Nicholle D. Dagata, a real estate agent in Berlin, Conn. Cell phones are an obvious tool but cannot be used inconspicuously and can drop out of range in a basement, she said.

“Sometimes you feel queasy.”

Now, GE Security’s new wireless lock boxes, already designed to quickly notify a seller’s agent that a house is being shown, are being outfitted with a “panic button” agents can use in an emergency, starting early in 2008.

GE Security, a subsidiary of General Electric Co., expected to announce the feature Wednesday at the National Association of Realtors convention in Las Vegas.
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