Ever felt like buying a property is designed to drain your wallet? You’re not wrong. There’s a hidden scam in the industry that costs buyers thousands—and most don’t even realise it until it’s too late. 🏠 Here’s how it works: 1️⃣ Inflated fees: Hidden charges, overpriced searches, and “admin” costs that no one questions. 2️⃣ Pointless delays: Transactions that should take weeks drag on for months—conveniently adding extra costs along the way. 3️⃣ Useless surveys & reports: Buyers get standard property searches that look thorough but miss crucial risks, forcing costly repairs down the line. 4️⃣ Developers’ loopholes: Some new builds come with legal clauses that trap buyers into long-term costs they never agreed to. 🤯 The worst part? This is all legal. The system is set up to benefit those who profit from confusion and complexity. 🔥 So how do we fix it? ✔️ Demand transparency—ask for full breakdowns of fees and challenge anything that doesn’t make sense. ✔️ Choose independent professionals—not the ones recommended by developers or lenders with a vested interest. ✔️ Understand what’s missing in your searches—not all reports are equal, and some leave out critical risks. 💡 Have you ever felt scammed during a property purchase? Drop your experience in the comments—we need to talk about this! ⬇️

Posted by Hamish McLay at 2025-04-02 14:51:43 UTC