Real-estate scams – Sales listing scams

A sales listing scam works similarly to a rental listing scam - the scammer creates a fake listing for a property that either doesn’t exist or isn’t for sale.

In some cases, the property is available for sale, but the scammer has duplicated the details to try to take advantage of eager buyers.

These criminals then convince would-be buyers to sign forged paperwork and hand over money ahead of viewing the property.

Tips: Keep an eye out for warning signs such as refusing to allow property inspections, a low large price or asking for payment ahead of viewing the property.

Always check to ensure the person listing the ad is real and check if the address exists and is for sale (by the person trying to sell it to you).

Don’t make any payments before you inspect, and don’t make any offers or payments until you receive the contract of sale for the property.

If you have to make any payments, ensure it goes into the real estate agencies' Trust Account, not to any other bank accounts or even the person's personal account.

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Jason Gwerder
Saturday, 18 May 2024

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