Rate Alert! Rate Alerts Glossary Glossary Help Help
 
  Bankate.com
 
News and Advice Compare Rates Calculators
 
 
- advertisement -

 

10 ways to avoid moving scams

You've heard the stories. Movers load up your stuff one day and hold it hostage the next, demanding more money and threatening to dump your precious treasures if you don't pay.

- advertisement -

You believe you've agreed upon a price, only to find out it's going to cost you a lot more than that.

"These salespeople are commission-based and will do whatever it takes to get a deposit on file and lock the customer into a signed estimate," says Tom O'Gorman, sales director for Gentle Giant Moving Co. "Then, when push comes to shove, there's a lot of gray area around this estimate.

"They will say, 'The estimate was based on moving only these things. You weren't packed, so it took us four extra hours to pack.'"

O'Gorman says some of these outfits give the impression that "you are dealing with a moving company, but you're really dealing with an online broker who passes the job off to some local moving company in some region for a commission. So you're not even dealing with the end user. You have no control over who ends up in your home."

Avoiding moving problems
1. Ask your Realtor
2. Investigate the companies
3. Make the moving company look at your home
4. Get three estimates
5. Demand a contract that covers everything
6. Ask about the claims process
7. Do the movers conduct drug tests and background checks?
8. Be cautious of Internet movers
9. Look at the actual trucks used
10. Pay little up front

MoveRescue, an organization created by moving companies, says it receives 4,000 moving complaints a year. The Federal Motor Carrier Safety Association, or FMCSA, says more than $1.2 million in federal moving fines were issued in 2007. However, the FMCSA's information and investigations are only as good as the consumer complaints they receive.

"The consumers have to be diligent in reporting carriers," says Shashunga Clayton, a spokeswoman for the FMCSA. "Because a lot of them continue with the same poor practices."

While the FMCSA oversees moves from state to state and maintains a federal complaint database, it only handles moves between states. Moves within states are regulated by the states, and local moves produce even more horror stories.

O'Gorman says disreputable local movers take stuff and run or "they deliver whenever they choose to. The problem is, many overbook their schedule and pick the more profitable jobs, leaving the other customers high and dry."

To help keep this from happening to you, here are 10 tips to keep from being scammed.

1. Ask your Realtor
The general consensus among moving professionals is word of mouth is the best way to find a good mover. While friends and family are always good sources, O'Gorman believes real estate agents know the ins and outs of the housing industry and are the most reliable sources.

 
 
Next: "A moving contract should spell out all the details ..."
Page | 1 | 2 | 3 |
 
 RESOURCES
Bankrate.com's guide to moving
Tips to make your move a smooth one
Deducting moving expenses
 TOP REAL ESTATE STORIES
What's in the McCain mortgage plan?
5 ways to finance 'bargain' properties
Will the federal mortgage plan help you?
 

Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.97%
15 yr fixed mtg 5.73%
5/1 ARM 5.89%
Rates may include points
ADVERTISING PARTNERS
RELATED CALCULATORS
  Calculate your monthly payment  
  How much house can you afford?  
  Fixed or adjustable rate: Which is right for you?  
VIEW ALL  
SAVE YOUR HOME
Struggling to pay your mortgage? Read this.
- advertisement -


- advertisement -




News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.

All information, links and content contained on this page are presented by bankrate.com at their sole discretion. Investor's Business Daily, Inc., its sister companies and affiliates do not guarantee the accuracy, completeness or usefulness of bankrate.com content, nor are they liable for loss or damage caused by your reliance on information obtained through or provided by bankrate.com.