Along with the housing craze in recent years and with the mentality of “buying gold, you lose, you buy earth, you make a profit” that many people have set up their own real estate companies and then draw “virtual” projects that have not yet existed. real to raise capital from customers.
Every year, DHPLaw has received and resolved dozens of complaints about real estate companies showing signs of “scamming” customers. Through solving these cases, we have synthesized 5 signs to identify a “virtual” (unreal) Real Estate Project as follows:
- Newly established Real Estate Company or only one or two projects being offered for sale.
- The land use right under the Project is not in the name of that Real Estate Company but in the name of another individual or another entity.
- In addition to the land plot distribution map, the “Project” does not have any permits issued by state agencies (such as construction permits, 1/500 planning, investment policy approval decisions, …) .
- That real estate company assigns a lot of real estate trading floors to distribute products.
- Contracts signed with customers are usually investment capital contribution contracts, cooperation contracts, options contracts.
Source: Internet
When buying and selling real estate, due to the psychology of “profitability” or in a hurry, not afraid to buy “out of” often, many buyers have skipped the project appraisal stage, the project investor’s capacity appraisal. making them fall into the “trap” of real estate companies with “virtual” projects.
Therefore, our advice is that when buying and selling a property, thoroughly appraise the Project or ask an expert Lawyer to appraise it before signing the transaction.
For legal assistance and/or enquiries, please contact:
DHP LAW – DHP LAW
Address: L4-09.OT06 Landmark 4 Building, Vinhomes Central Park, 720A Dien Bien Phu, Ward 22, Binh Thanh District, Ho Chi Minh City.
Hotline: 0986.938.627 VND
