What You Need To Know
Before Buying or Renting
Real Estate on
Craigslist & Ebay
It is a fact that the majority of consumers begin there new home searches on the internet. Ebay and Craigslist can be a great source for listing a home for sale or searching for a bargain. Unfortunately, these sites can also be a haven for unscrupulous people and scams on these sites are common. The openness of the platform allows anyone to post anything for sale without any safeguards for the
purchaser.The old saying "Let the buyer beware" has never been more relevant. One such scam works this way. A scammer will take a listing from the internet and post it themselves as if they own the property. Then when an interested buyer comes forward, they will ask for a down payment or deposit to hold the property until the buyer can inspect it. This same procedure can be done many times.This kind of scheme has been very popular.
Rental properties are particularly vulnerable to this kind of scam.Homes listed for sale by the actual owners or listing agents are then also listed for rent by the scammer. The goal being to collect the first month's rent and or a deposit.The most successful way to accomplish this scheme is by contacting the actual seller or the agent listing the property.In this way they will have the answers to all of the questions that a potential tenant might ask and also giving them the ability to OK basically anything to the potential tenant like smoking, guard dogs, etc.The only goal is to pull in as many victims as they can to make the most money.
There are ways to protect yourself from this type of scam. Never provide a deposit or down payment until all the facts have been verified. Use resources like Zillow or Realtor.com to double check the listing. Make sure all of the photos, contact and listing information is the same on all sites.Consider contacting a Realtor to act on your behalf with the seller, particularly if buying or renting from out of state. There is no charge to the buyer in a real estate sale, that is paid by the seller. Last but not least, never send money to anyone until ownership of the property in question has been verified.
Call our team of professional agents at Keller Williams Realty. We would be honored to help you with all of your real estate needs.
Tucker Real Estate Experts