How to avoid property scam

HERE are some steps that you can take to avoid being a victim of property fraud:

(i) Carry out due diligence by conducting a deeds search at the Deeds Office before committing. A deeds search will provide information on:

 

Ownership of land

Size of the property

How much the property was previously bought for

Any encumbrances endorsed on the property such as bonds or interdicts to compel transfer

(ii) For companies, one should verify the directorship of the company at the Companies Deeds Office

(iii) Avoid making payment before a due diligence has been carried out.

(iv) Estate agents and conveyancers should not release money before transfer has been effected.

(v) Buy through registered estate agents — registered under the Estate Agents Council.

(vi) Use conveyancers registered with the Law Society of Zimbabwe for all conveyancing work.