What you need to know before buying real estate on Craigslist or Ebay

By
Real Estate Agent with Keller Williams SL3262949

http://www.tuckerrealestateexperts.com  941-404-6720

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

kelly taylor, Keller Williams, www.kellysrq.com

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.

 

 

 

 

 

Kelly Taylor

Tucker Real Estate Experts

www.tuckerrealestateexperts.com

941-404-6720

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing
Tags:
real estate scams on craigslist

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
650,797
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

I somewhat stay away from craigs list because of all the scams. Pretty prevalent in my area.

Sep 25, 2013 12:46 AM #1
Rainmaker
231,899
Helen and Larry Prier- Re-Max Gateway - Residential Real Estate
RE-MAX Gateway- Residential Real Estate Sales - Anacortes, WA
Anacortes & surrounding Skagit & Island Counties

Kelly, great advice for everyone. Hope this prevents at least one person from getting scammed.

Sep 25, 2013 12:57 AM #2
Rainmaker
666,092
Kathy Stoltman
Rockwood Realty - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Kelly, great advice. Craigslist can be a good source, but one does have to be careful. A Realtor can certainly help folks in researching if a property is a scam or not.

Sep 25, 2013 12:58 AM #3
Rainer
115,674
Kelly Taylor
Keller Williams - Lakewood Ranch, FL

Bill, I agree with you, I don't get too involved with craigslist anymore, but I talk to a lot of friends who use it for everything.

Helen & Larry- thanks for the comment,I hope so too.

Kathy- Thanks for the comment. I agree that Craigslist can be a great source,  maybe not for real estate and the uninformed consumer.

Sep 25, 2013 01:22 AM #4
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great heads up for those unfamiliar with the current scams out there.

Sep 25, 2013 03:45 AM #5
Rainer
115,674
Kelly Taylor
Keller Williams - Lakewood Ranch, FL

Thanks Gabe! Keep up the good work.

Sep 25, 2013 03:58 AM #6
Rainer
102,018
Brian DeYoung
Howard Hanna Real Estate Services - Ithaca, NY
Brian DeYoung

I have worked with friends who were BANKRUPTED after buying frm an unethical buyer, who used the signs on the side of the road, ( i buy houses).

They thought they were saving Real Estate fees. It cost them their credit. Years of litigation. And now they have a home that is NOT in their name... but a loan that is.

Craigs list as well as Zillow Trulia and many other syndicated sites are just not where i want my buyers coming from.

Sep 26, 2013 03:33 AM #7
Rainer
247,800
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

All great points. I have seen multiple postings in AR about these scams but they need to be repeated from time to time to help prevent them.

Sep 26, 2013 03:49 AM #8
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
115,674

Kelly Taylor

Contact us today! Put our team to work for you.
*
*
*
*
Spam prevention