First-Time Homeownership After 40 in Singapore: Navigating Unique Risks
TLDR Older first-time homebuyers face unique challenges including lease decay risks, stricter loan-to-value (LTV) limits, and shorter loan tenures leading...
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Lately, there has been an increase in scams related to real estate. Scammers are pretending to be real estate agents in order to trick consumers into paying fake deposits or fees. To help protect yourself from these scams, you use the following tips :
Ensure that the person ‘s CEA (Singapore Council of Estate Agencies) registration number is registered. See Example >> CEA Public Registry
Make sure that the mobile number of the person is registered with CEA. See Example >> CEA Public Registered Number
Ensure that you are able to communicate and also liase with the person using the number registered with CEA.
If the person is not registered with CEA or the mobile number is not registered with CEA or you could not liase or communicate with the person using the CA registered mobile number. It is very likely to be a scam and you should immediately stop all communication with the person.
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