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10 Sneaky Real Estate Scams To Be Leery Of

10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself)

This article was published by a real estate coach in the US; however, some or all of these may be prevalent here in Ontario, Canada. Primarily written for Realtors, there are some worthy caveats for clients.

Real estate scams cost buyers, sellers, property owners, renters, and real estate professionals upward of a billion dollars every year. And that’s not even the worst of it. Scammers are becoming increasingly sophisticated, harder to catch, and the financial losses caused by real estate scams perpetrated by these criminals are extremely difficult to recover.

The good news? Proactive real estate professionals are getting better at spotting real estate scams and protecting their clients. Check out my recent video that highlights the most common real estate scams you need to know about.

Read on to learn about effective strategies you can use to protect your clients (and yourself) from being duped by some of the sneakiest real estate scams happening now.

Table of Contents

  1. Closing Wire Fraud
  2. “We Buy Houses” Scams
  3. Vacation Rental Scams
  4. Looking To Buy In Your Neighborhood Scam
  5. Fraudulent Foreclosure Relief
  6. Short-term Rental Overpayment
  7. Bait & Switch Loan Rates
  8. The Invisible Home
  9. Lipstick on a Pig
  10. Craigslist Rental Scams

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Ty Lacroix

Founder & Owner & Broker of Record of Sutton Group Envelope Real Estate Inc, That's all I can say about me! You see, this is about you, not me; you do not want to hear blah blah stuff about awards, designations or that we walk older people across the street, the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; you see, success leaves clues!

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