Skip To Content

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

Trackback from your site.

Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and designed and constantly upgraded with the latest real estate trends, how-to’s and what is for sale on MLS. All the so-called Gurus of marketing and branding say a Realtor and their Brokerage should have a bio to let people know about them. I have always felt bios were boasting, bragging, or trying to impress readers; I’ve always felt that our actions and results should impress and not be all talk and no action! As they say in Texas:” All hat and no cattle”! So here goes: We are a small brokerage by choice but mighty in results (over $103 million in transactions since 2014). Our primary source of business is guiding home buyers and sellers to make good decisions. We are transformational in nature and by choice, not transactional! We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well by systemizing the predictable and humanizing the exceptional ( the last seven words are plagiarism, I have copied this from the Four Seasons Hotels & Resorts)! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and perhaps in this era of me-tooism, deservism and impersonal artificial intelligence (an oxymoron), calls on hold for hours or people being busy looking after their busyness that expectations may be jaded! If you would like to know more about the disadvantages of us helping you, contact me, Ty Lacroix, Owner and Broker of Record; however, the advantages are exposed on this site. About Ty 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 old people across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) 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!

Leave a Reply