When we shop for St. Cloud homes for sale, we’re able to take quite a lot for granted. If we choose to be represented by a licensed Minnesota Realtor® to act as our buyer’s agent, we know that our interests are being looked after in a multiplicity of ways—they’re spelled out in stringent Minnesota regulations. Likewise, the seller’s agent will be duty-bound to be scrupulously honest in how she or he represents the property being offered. Too bad for any St. Cloud agent who tries to play fast and loose with the rules governing St. Cloud homes for sale: that’s an agent who won’t be licensed for long!

We’re able to rely on the time-honored protections afforded U.S. real estate buyers and sellers because their observance is invaluable to all. That rock-solid reliability adds incontestable value to the transactions. It’s been so for centuries.

Unfortunately for members of the public, it’s awfully tempting to bring similar assumptions to real estate dealings in other countries. Recently it’s been notable how mistaken that assumption can be. Even though it might seem to be commonsensical for other nations to want to protect the integrity of their own real estate markets, unscrupulous individuals can seek to make quick profits by scamming foreigners. And they might even get away with it when they partner with equally unscrupulous politicians.

According to AARP, one recent foreign scheme has cost U.S. victims more than $100 million. They report that “even sophisticated consumers” were persuaded to buy into land and retirement homes in Belize—90% of which were never built. They were tricked by “sophisticated promotional materials in print, online, and on television.” The resulting scheme is the largest rip-off of its kind ever targeted by the Federal Trade Commission. The FTC’s involvement comes too late for U.S. buyers “who regularly lost their entire investment” or were forced to sell back to the scammers at a loss. Equally dismaying is what the Wall Street Journal describes as questionable Belizean court rulings that stymied investors—a development that’s less surprising when you learn that the developers’ law firm is part-owned by the nation’s Prime Minister.

Of course not all foreign real estate dealings turn out so badly—but U.S. buyers who assume they have our level of protection—or even the chance to have a fair day in court—need to look before they leap.

Closer to home, right now you can call me to look over February’s assortment of terrific St. Cloud homes for sale—offered with U.S.-level buyer protections!

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Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Five Office Locations To Serve YOU!

St. Cloud 320-259-4554
Princeton 320-983-3555
Maple Grove763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

Premier Real Estate specializes MANY areas around Central MN includingSt. Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, St. Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, St. Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!