Advertising
Advertising

Signs That An Online Housing Listing May Be A Scam

Signs That An Online Housing Listing May Be A Scam

Typically, every home search, whether for renting or buying, begins online. The Internet can provide a wealth of information for homeowners, but it can also be a place for scammers to target those searching for a home.

There are three common types of online scams. First, many scammers duplicate listings of homes that are available to rent or purchase but drastically reduce the price. Another type of scam is listing a home that doesn’t exist, leaving out images and addresses. Finally, some scammers even rent out homes they don’t own. These are homes where the real homeowner may not check on the property often.

Advertising

It is important to know the signs of an online housing scam before you begin your preliminary research and start to visit properties. This way, you can avoid a dangerous and fraudulent situation before it’s too late.

How to spot a scam

Be on the lookout for the following signs. Any of them could be indicative of a scam and should require further investigation:

Advertising

Listings without Images.

Every prospective homeowner wants to be able to view images of a home to determine if it is worth seeing in person. Look for listings that have images of the property included.

Listings without images should be a red flag. Search the property address to see if you can find images of the home elsewhere. This will also help you find out if the property actually exists and determine if the listing is possibly a duplicate.

Advertising

Even if the listing includes images, conducting research on other websites outside of where the property is listed can help you verify that the images match up with the area. For example, does the listing include photos of a home with climate conditions that don’t match the area you’re searching?

Listings that are priced too low.

Compare the listing price to other properties in the area. Are they similar? If the property you’re looking at is priced lower than surrounding homes, it may be a sign that the price is too good to be true. Consider the amenities of the property for the listing price. Again, if the price seems too low, the listing could be a scam.

Advertising

Listings that ask for money or private information before showing the property.

Is the property manager not willing to show the property or provide more information until he or she receives money or important financial information from you? If so, this could be indicative of a scam. Never pay in advance before seeing a home. You shouldn’t be required to give a credit check or provide payment until you’re absolutely sure that you’re ready to buy.

In addition, never fill out a rental application until you’ve seen the property. You don’t want to release personal information until you’ve visited the property and spoken with the person who has a legal right to rent or list the property.

How to protect yourself

Now that you know the signs of a potential scam, what else can you do to protect yourself?

  • Never wire money.
  • Research and compare prices.
  • Never leave a purchase untraceable. Scammers may ask you to pay in cash.
  • Research the contact information of the listing owner. Is this person in good standing, or has someone already filed a complaint?
  • Check for duplicate property listings.
  • If at any time during your property search you feel unsure, listen to your gut. If the listing seems too good to be true, it most likely is.
  • Verify the owner or landlord. Make sure the individual who is showing you the property is the right person.

How to report a scam

Flag the listing so other potential tenants or homeowners are aware. Contact your local authorities as well. You can also file a complaint with the Internet Crime Complaint Center (IC3) and the Federal Trade Commission (FTC).

More by this author

Young first time home buyers make 7 Mistakes Millennials Make When Purchasing A Home Signs That An Online Housing Listing May Be A Scam Home Inspections: Don’t Make These Mistakes How Long Do Your Home’s Systems and Appliances Last? Why You Should Include a Home Warranty in a Selling Offer

Trending in Home

1 10 Small Changes To Make Your House Feel Like A Home 2 30 Awesome DIY Projects that You’ve Never Heard of 3 5 Reasons Why Tidying Your Room Can Change Your Life 4 25 Really Cool Cat Furniture Design Ideas Every Cat Owner Needs 5 Scientists Discover Why You Should Take Off Your Shoes Before Entering Your Home

Read Next

Advertising
Advertising
Advertising

Last Updated on March 24, 2021

8 Smart Home Gadgets You Need in Your House

8 Smart Home Gadgets You Need in Your House

We’ve all done it. We’ve gone out and bought useless gadgets that we don’t really need, just because they seemed really cool at the time. Then, we are stuck with a bunch of junk, and end up tossing it or trying to sell it on Ebay.

On the other hand, there are some pretty awesome tech inventions that are actually useful. For instance, many of the latest home gadgets do some of your work for you, from adjusting the home thermostat to locking your front door. And, if used as designed, these tools should really help to make your life a lot easier—and that’s not just a claim from some infomercial trying to sell you yet another useless gadget.

Advertising

Take a look at some of the most popular “smart gadgets” on the market:

1. Smart Door Locks

A smart lock lets you lock and unlock your doors by using your smartphone, a special key fob, or biometrics. These locks are keyless, and much more difficult for intruders to break into, making your home a lot safer. You can even use a special app to let people into your home if you are not there to greet them.

Advertising

2. Smart Kitchen Tools

Wouldn’t you just love to have a pot of coffee waiting for you when you get home from work? What about a “smart pan” that tells you exactly when you need to flip that omelet? From meat thermometers to kitchen scales, you’ll find a variety of “smart” gadgets designed to make culinary geeks salivate.

3. Mini Home Speaker Play:1

If you love big sound, but hate how much space big speakers take up, and if you want a stereo system that is no bigger than your fist, check out the Play:1 mini speaker. All you have to do is plug it in, connect, and then you can stream without worrying about any interruptions or interface. You can even add onto it, and have different music playing in different rooms.

Advertising

4. Wi-Fi Security Cameras

These are the latest in home security, and they connect to the Wi-Fi in your home. You can use your mobile devices to monitor what is going on in your home at all times, no matter where you are. Options include motion sensors, two-way audio, and different recording options.

5. Nest Thermostat

This is a thermostat that lives with you. It can sense seasonal changes, temperature changes, etc., and it will adjust itself automatically. You will never have to fiddle with a thermostat dial or keypad again, because this one basically does all of the work for you. It can also help you to save as much as 12% on heating bills, and 15% on cooling bills.

Advertising

6. Smart Lighting

Control your home lighting from your remote device. This is great if you are out and want to make sure that there are some lights on. It is designed to be energy efficient, so it will pay for itself over time because you won’t have to spend so much on your monthly energy bills.

7. Google Chromecast Ultra

Whether you love movies, television shows, music, etc., you can stream it all using Google Chromecast Ultra. Stream all of the entertainment you love in up to 4K UHD and HDR, for just $69 monthly.

8. Canary

This home security system will automatically contact emergency services when they are needed. This system offers both video and audio surveillance, so there will be evidence if there are any break-ins on your property. You can also use it to check up on what’s happening at home when you are not there, including to make sure the kids are doing their homework.

Featured photo credit: Karolina via kaboompics.com

Read Next