Avoid Common Real Estate Scams
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1. Check the listing’s origin
Before you even schedule a showing, check that the listing is posted on reputable sites such as Zillow, Realtor.com, or the local MLS.
If the property is listed only on an obscure website or through an unknown email address, tread carefully.
A legitimate listing will usually have a clear seller or agent contact and will be listed on multiple platforms.
2. Confirm the seller’s identity
Request a copy of the seller’s government‑issued ID, a signed power of attorney (if they’re using a representative), and proof of ownership.
Verify the name and address on the deed with public records.
If the seller claims to be a "quick‑sell" company that is not a licensed real‑estate business, it raises a red flag.
3. Use a licensed real‑estate professional
A licensed agent or broker is required to follow state regulations and must be registered with the real‑estate commission.
They can verify documents, negotiate terms, and help guide you through the closing.
If an agent won't give their license number or is reluctant to explain the transaction, it may be best to walk away.
4. Conduct a title search
A title company or attorney should carry out a title search to verify the property is free of liens, judgments, or other claims that could threaten your ownership.
If the seller or agent tries to skip this step, avoid moving forward.
A clean title is essential for a secure purchase.
5. Beware of "too good to be true" prices
If a property is priced far below market value, it could be a trap.
Scammers often use low prices to lure buyers into a quick deal, then present fabricated documents or demand cash payments.
Check the listing price against recent sales of comparable homes in the area to determine if it’s realistic.
6. Avoid wiring money without safeguards
Escrow accounts for real estate should be managed by a reputable title company or escrow agent.
Scammers might request you wire funds straight to a personal account.
Always verify the account details with the escrow officer and opt for 名古屋市東区 空き家 売却 a secure method such as an official bank transfer, not a personal wire.
7. View the property in person
Don’t rely exclusively on photos or virtual tours.
Schedule an in‑person inspection to verify the condition of the home, check for hidden damage, and confirm that the property matches the listing.
If the seller refuses to allow you to view the property, that is a major warning sign.
8. Read and understand the contract
A professional attorney should scrutinize the purchase agreement before you sign.
Contracts that are vague, include unusual clauses, or push you to sign quickly may protect the fraudster instead of the buyer.
Don’t hesitate to request clarification on any term you don’t grasp.
9. Maintain records of all interactions
Record all emails, texts, and phone calls with the seller, agent, and other parties.
Such records can be invaluable during a dispute or if law enforcement requires evidence of fraud.
10. Follow your instincts
If something feels off—whether it’s an aggressive pitch, a demand for secrecy, or insistence on cash payments—take a step back.
Legitimate deals are transparent and adhere to standard procedures.
It’s better to walk away than to fall victim to a scam.
By staying vigilant, verifying every piece of information, and working with licensed professionals, you can greatly reduce the risk of falling prey to real‑estate scams.
Remember: a careful, methodical approach is the best defense against fraud in any property transaction.
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