- “UNDER MARKET RENT”
A person off the street “Not the Home Owner” Run ads to Rent a home and collect the security deposit. The deposit is typically mailed to an anonymous address. The home is advertised WAY UNDER MARKET RENT to look attractive.
- “THE HEIST”
A Home Owner offers Rent to Own terms that are hard to understand and once calculated the buyer/tenant discovers that the home will be underwater before the term is over and then they never complete the transaction and the home owner gets the home back and keeps the LARGE deposit and does it again and again and again.
- “LIST OF HOMES”
There are many people charging for a list of Rent to Own homes and collecting a $50-$150+ fee. They collect thousands of these fees monthly! These homes are typically for RENT ONLY and not Rent to Own homes. Good Bye to your cash and say hello to big profits for scammers!
- “BAIT AND SWITCH”
There are many real estate people who understand the strong desire to own a home and exploit that desire by advertising Rent to Own homes in remote areas but say that they are local homes and don’t offer the address to get you to contact them. Or they may offer a home as a Rent to Own that is Sold, again with the intention to get you to contact them. The reason is it’s a numbers game. These people know that there are many programs available that many home renters would actually qualify for to own a home outright if they knew about it. It’s not that that’s a bad thing in a sense but they are advertising a Rent to Own home or program in which they really don’t offer. It’s called lack of TRUTH IN ADVERTISING and BAIT AND SWITCH and is illegal.
- “TRAFFICING PEOPLE”
Another very common scam that is prevalent is advertising Rent to Own homes by internet companies using popular sites like Zillow and others to get Foreclosure homes, advertise them under Rental market prices. They give you limited information unless you register for free. Seems harmless enough. They don’t actually have Rent to Own homes, just a list of homes for sale as this is easy data to “Scrape off the internet” they then SELL your information to 3rd party agents or other “salespeople” which then pay this internet company handsomely for your data. These sales people then attempt to call you, knock on your door (if you give your address) mail you solicitations and spam email you with solicitations of other real estate services in the home to “Play the numbers game” and “Capture” 1/50 and convert that Renter into a sale or other financial means for gain.
So by advertising Rent to Own homes…these companies are lying to people looking hard to find a good rental or Rent to Own home, Selling your private data, Selling this data to agents with the premise that these are good qualified buyer leads from reputable websites that offer professional real estate services and then the big money maker for these internet companies…with all of this traffic on their
site…whether you register for a free list of homes or not…you are on their site…even for a second….this is an “Impression” which has a high dollar value on the internet.The more “Impressions” they get, the more they can monetize their site and get paid large dividends by advertising investors on their site. Classic Internet traffic scam!
- “THE SHORT SELLER” THE 6 MONTH RENTAL
Buyer beware of this common trap. In this scenario a home owner knows they are in default of their mortgage and will loose it to foreclosure. They then advertise the home as a “Rent to Own” or ”Lease Option to Buy”. An innocent buyer may find the home adorable and in good condition. The seller may offer terms that are too good to be true. Like offering a home for sale as a Rent to Own for only $1,000 Rent per month when the market rent should be $1500-$2000. Or offer other sale terms like a sales price is far below actual value or a simple value found online. A mortgage can be in default for many months before any Notices of default is filed with the County or recorded. May websites including the popular Zillow can not even know if a home owner is defaulted if the sellers lender has not filed any official delinquency documents with the County.
So the Rent to Own buyer/tenant gives the seller a large down payment lets say $10,000. With comfortable and favorable terms. Only to find out in 6 months that the home is going into foreclosure at the auction. All of the down payment and rents are gone. With a Short Sale or Foreclosure what typically follows is a full blown Chapter 7 Bankruptcy. Good luck chasing them down as a debt collector.
The home owner collected $6000 in rents and $10,000 of your money.
If the Owner was upfront with the delinquency and just rented the home on a month to month agreement, this would be different. The renter went into this knowing it’s a month to month and that there was no HOPE of buying the home on a Lease Option.
This is a common scam that is currently happening daily.
With our Rent to Own Preferred Selections program our investors BUY THE HOME OUTRIGHT from the owner, so the Owner can never foreclose or Short sale in the future.
- “UNLICENSED SALES PEOPLE”
I have found many Rental agencies and individual people running around acting like professionals that are actually unlicensed and trying to make money collecting deposits. Make sure you are dealing with a Washington State licensed real estate professional. There is a reason the State requires agents to be licensed. An agent will be just that. An agent to you. They must represent their clients highest and best interests at all times and do nothing that is harmful or detrimental to your best interest. When dealing with housing and large sums of money – insist on the best.Insist that you work exclusively with a real estate professional. Go to the Department of Licensing website and research the persons name. See for yourself if they are properly licensed and in good standing with the State.
I hope this gives you an idea of the different scams that are prevalent today online.Although we use Craigslist as a tool, and a good tool it is, it is also heavily used for illegal or unethical purposes.
Remember Caveat Emptor…”Buyer Beware”
More to follow…
We would like to take this opportunity to express our appreciation for the exceptional job our realtor, Mr. Donald Leske has done with our recent real estate transactions. Mr. Leske has successfully helped us complete three real estate transactions in a relatively short time span beginning since November 2001. Bob and I were married in January 2002 and
timing was of the utmost importance in selling his house, my house and most importantly, purchasing our new home.
During our association with Mr. Leske, we have been impressed and pleased with his professionalism, courtesy, and attention to details and knowledge of the real estate business. We have appreciated his promptness and his flexibility while working around our busy schedules. Both Don and Sarah have treated us both like we were their most valued clients and were very accessible as they communicated and constantly updated us on our progress. Last of all, we were especially pleased with Mr. Leske’s work on Melinda’s house. It sold for greater than our asking price and Don’s superb organizational skills and attention to detail made it a painless and satisfying transaction. Mr. Leske is to be commended for a job well done, and we highly recommend him to any potential home buyer/seller.
Bob & Melinda
We would like to express our thanks and gratitude to Mr. Don Leske and his team for the successful sale of our home in Kent. We were very pleased with his services in every way. We started out by interviewing three top agents in the area.We chose Don because he clearly stood out as the best choice of options based on price and the timeframe we needed to sell. His marketing strategy was thorough and he came well prepared to our interview. He presented himself with an air of confidence and honesty with a “can do” attitude. Of course, his guarantee to sell in 45 days was a deciding factor
Besides Mr. Leske’s competence and thorough knowledge of selling real estate in the area, we like him on a personal level also. Don’s tact when dealing with sticky situations and his calm and positive nature helped to keep us assured throughout the whole process. Don always looked and acted in a professional manner. The best part of all, Don delivered on all of his commitments to us. We were completely satisfied with his accomplishments. We know that Mr. Leske got us the best price in the quickest amount of time possible. He also demonstrated the patience of a saint by assisting us through our anxiety and our non-understandings. For example, he had to explain the closing costs several times to us and he did so pleasantly and successfully without getting frustrated. Everything was first class. So thank you Don and your
team for selling our house. Please use us as a reference in the future. We also will not hesitate to recommend the Leske Team to anyone we know that is selling their home.
Diane & Noah
Thank you so much for your professional courtesy and results in the sale of my mother’s home in Puyallup. As you know,she passed away last year and the heirs were left with the task of selling the residence. As five of the six siblings were located out-of-state, I recognized immediately that a local professional realtor would be required to sell the house. I also recognized that this person would have to be of high integrity and have good work ethics in order for the transaction to occur in a reasonable amount of time. Being a real estate appraiser, I have seen many out-of-the state ownership problems with real estate sales. Your company and you specifically smoothed out all the bumps in the road to selling this home and did so in a polite courteous manner. Never once was I put off or put “on the back burner”. You answered all my
questions and concerns very responsibly. Additionally, you used the e-mail for photographs, correspondence, and information, which sped up the entire closing process. Thank you Don for a job well done.
Our Agent was right with us the whole way; he made the whole process stress free. He was very helpful to the end. If it wasn’t for Don Leske I would have never gotten my house sold and gotten the house of my dreams. Hats off to the Leske Team.
Our Agent was friendly and professional, he kept us updated every step of the way. I am so glad we listed with Don Leske instead of For Sale by Owner; he made us an additional $38,000.00.
Amber & Daniel
I am in the retail business and the Leske Team all worked together to make my selling experience a great one! They listened to my needs and did it with class and style. A++!
Mr. & Mrs. Lawrence
Don and Sarah Leske were very helpful selling our house, they were available whenever we called and if we had to leave a message, they would get back to us in a timely manner. We were very happy with their service.
Paul & Shelly
Our Agent did a wonderful job selling our home. He got full price for the home and he was always responsive to our phone calls.
Bob & Evette
The Leske Team gave professional attention to the selling process from beginning to closure. We felt overall our concerns, and suggestions were handled well and promptly.
Randall & Angela
As a military veteran and one who has worked his whole life giving to others I want to take this opportunity to thank you all for what you have given to me. This experience has been one of the best if not the best experience I have ever had working with such amazing professionals. This whole purchase has went seamless and smooth and I have had so much support from all of you that I didn’t have a chance to even think this wouldn’t be possible. Thank you so much for making the dreams of my first home come true. This has truly been a pleasant and non stressful event from day one. All of you realized the frustration in my voice or emails and absolutely made sure to take that worry and frustration off of me and make it your own. Thank you for helping me to wake up in MY HOME this morning. I truly wish all of you the best in both your personal and professional lives. For what you have given me I can never repay but I will be there if you should need anything both professionally and personally. Thank you once again.
Jim Steele Baydo Chevrolet SGT, U.S. Army (ret) Proud home owner
Our agent was very knowlegeable with all aspects of her field. Any questions or concerns were answered immediately,which gave us confidence in our decisions. Most importantly we were kept in the loop of things, and returned calls/ emails were answered in a timely fashion. The whole team was very helpful, and professional. I would highly recommend our agent Sarah Leske and Leske Realty for those who are looking to buy or sell a home. I know it’s people say this a lot, but we were really treated like family.
Gene & Kea Anderson
We were treated very well! Our agent listened to our needs and was great at guiding us since we had never sold a house before! He was very friendly & professional. He kept us updated every step of the way. We are so glad we used Leske Realty instead of FSBO because they made is an additional $38,000.00!! We will definitley refer our friends and family to Leske Realty
Thanks so much Team!
Amber Hedges & Daniel Dunham
“We wanted our first home to be a dream come true. We tried several real estate agencies and have never felt that our needs were being listened to. When going to the Leske Team, we instantly felt at home and had an instant relationship with our agent. He was genuine to our thoughts and was very honest about the floor plans and areas we had looked at.
This was much appreciated and allowed us to find the home that fit our needs, fit our desired area, and above all…we had no regrets in purchasing as our first home. From the bottom of our hearts, thank you Leske Team.”
Brian & Chrystal
Everyone we worked with on the Leske Team was knowledgeable and helpful. They made what can be a stressful experience, easy to deal with. We would highly recommend them to friends and family!
Terry & Stephanie
The Leske Team made us feel like real people. When our agent was out of town he let us know who to be in touch with and when there was a question, they were more than willing to help.
Tim & Laura
Our Agent showed us a home we knew we wanted to be our new home, even though it was after hours, he called and left the listing agent a message. By 2:00 pm the next day our offer was accepted. We accredit this to the diligence on the part of the Leske Team. You guys are great, if we ever decide to sell, we are calling you. Thank you so very much.”
The Jones Family
The Leske Team was a pleasure to work with. This was my first home and Don shared in my excitement, he worked very hard to find a home that I would be happy with. He was always available for questions and always returned my phone calls and emails promptly. Don was always in my corner, making sure that things proceeded in a way that was always to
my advantage. I trusted him, and would recommend Don to anyone shopping for a home. He defines good customer service and makes providing it look easy
My agent did not push me into a purchase, we spent a long time looking and he was very helpful.
Our Agent was wonderful, and I would recommend the Leske Team to anyone and everyone I know. I was referred to them by a co-worker, when the realtor that I was working with (from another company) wasn’t working out. Now I pass out the Don’s phone number like he is family
The Lopez Family
Our expectations were exceeded! Don was very aware of what we wanted in a home. Great to work with and guides you through the entire process.
Rob & Deb bought a home in Puyallup
The Leske Team is outstanding, all of our needs were met, our questions answered and our concerns put to rest. When it comes time to buy our next home, the Leske Team are the ONLY people we will be talking to.
Ted & Angela
This is my first house, this so-called Leske Team made buying it the easiest and hassle-free decision that I have ever made. How I wish every decision and life was this painless.
Don was wonderful to work with. As first time home buyers she explained he explained the entire process to us and let us know what to expect. He did an outstanding job in helping us resolve an issue with the prior owners in regards to junk that they had left behind.
Ray & Curtis
The Leske Team did a very good job of helping us find a home. Don was friendly and went out of his way to get us answers on the home we did buy.
We were very impressed with the Leske Team, they were helpful, informative and to the point. They asked us what we were looking for and he delivered just that. We would refer Don Leske to family and friends in a second.
Harry & Brenda
The Leske Team is like the “A” Team that does the mission impossible. We were not sure we would be able to get the home that we wanted, but the Leske Team made it possible. Thank you Leske Team!
The Kirtland Family
We wish to extend our personal thanks and appreciation for all of your work and dedication to your profession. It was at times difficult at best, but the Leske Team was there to make sure things went as best as they could. We are settled into
our new home, and I feel very comfortable to recommend the Leske Team to all my friends and family, which I have already done.
Phil & Deborah
I am a very picky buyer on a limited budget. I am an agent’s worst nightmare. The Leske Team is awesome and listened to what my wife and I were looking for and went to work finding us our home. Every home they sent us via e-mail was one that we would be interested in. We finally made an offer on a house and we got it. During the closing process, there were complications with the seller. Most agents at this point would have given up, but that is when the Leske Team went to work, they ironed out all the problems before I even knew what had happened. They are a wonder of action, and they have won my respect, and anyone doing business with the Leske Team is lucky. The Leske Team wanted what was best for us and never tried to rush a sell. I would recommend them to anyone.
Dallas & Leah
The Leske Team did an excellent job of making my home buying process very professional and stress free, it was a good feeling. Knowing that they were there looking out for my best interests and just not there for a paycheck. It was very much appreciated and I look forward to working with them again in the future.
Our Agent effectively listened to our needs and respected our position in the marketplace. Our agent aggressively pursued all aspects of the home buying process for us and was there to support us from start to finish.
Rick & Kate
Right from the beginning the Leske Team knew they would be handling a challenging case as our credit was not too good. Don knew what we wanted to pay in a house payment and helped us to reach that goal. We also got to deal with Sarah and again were knowledgeable. Thank you Leske Team for helping us to find our brand new dream home. We never believed that we could get financed for a home after we fell onto some very hard times. After hearing the Leske ad on the radio (saying they can help anyone), we called and spoke with Don.
Wow! It was great working with the Leske Team as they were very knowledgeable in all areas of finding and purchasing a home. After seeing a few houses we soon discovered that Don was very approachable and helpful without being overbearing. Don was accommodating with our crazy work hours and only missed one opportunity to show us a home, but
due to the great teamwork at the Leske Team, Sarah stepped up to the plate and showed us the home that we purchased.
The only problems that we had during buying the home, was from the seller’s realtor and Don was great at resolving every one of these issues. We look forward to dealing with you in the future!
The Carey Family