With the housing market being blazing hot, so are the scams once again. Scammers know that when people get desperate it’s easy to take advantage of them. In this video, I will go over a couple of the most common real estate scams so you know what to look for and how to avoid getting scammed!
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Need a Realtor?
0:00 Avoid real estate rental and sale scams
0:37 Use verified sources
3:39 How rental scammers steal your money
5:15 How to verify the owner or realtor of a property
6:44 Make sure your deposit doesn’t get stolen
8:05 Avoid getting scammed buying a property
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Here is an old real estate scam video you might enjoy! https://youtu.be/JqKuUy9dyAc
I've sat in lots of title company continuing ed classes and heard story after story of wire transfer scams. Scary stuff for everyone involved. Always a good idea to check photo ID of the real estate agent that you might meet at a property, too.
Thanks Michael for informing us and saving so many people from these terrible scams. I feel so sorry for those who didn't know these scams exists.
Wells Fargo scammed me on the wire transfer. The bank claimed that they couldn’t make a wire transfer from a trust account. The bank forced me to open a new account in order to make the wire transfer.
Thank you, I had no idea most of these scams existed.
Terrific vide, Michael !….Thank you for this great intel !….I'm just curious what % of total R/E transactions are fraudulent ?…..
Great video
God Bless you Michael for making this video. and thank you so much for helping us with this real life nightmare of this scammers.
I am saving and sharing this video, Michael! Such important information! It would make me nervous to try to buy a place these days!
Hi Michael, great video! A neighbor of mine was getting calls from people wanting to rent her condo. She wasn’t renting it out cause she lived in it. She found out that someone used her info on Craigslist and was asking for $500- to show it to them. She reported it to the police but I don’t know if they found the scammer.
There so many ways these scammers get away with stuff.
Thanks for bringing attention to what scammers are up to! 😊
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Wow! Super good info! Thanks so much for this!
When I was a landlord I posted rental ads in FB
Mike, the background ocean is beautiful 😍
Thank you, Michael, since I'm hoping to relocate to Florida later this year, but I'll be renting, at least for a while. But I'm planning on going directly to the apt complexes I'm interested in, and go to their offices directly to inquire about availability.
I wish you did apartment rentals Michael? Thank you 😊
Thank you 👏👏👏
Beyond checking a name in a database, if handing cash over to someone at a property you're seeking to rent, you really need to also see an ID such as their driver's license. Anyone can pull a name from a database and claim to be the owner of a property.
In Washington state one can check the validity of a real estate agent license through Dept of Licensing (DOL) who also issue drivers licenses and other professional licenses.
THANK YOU FOR THAT VIDEO!
Thanks Michael! I am currently looking for a condo in Miami Beach, near Lummus Park!
Michael I just typed your name in on DBPR and it says you’re a scammer 😉
Thanks
Great timing for this subject Michael ! I have personal experience when I tried to rent in Miami! Thanks God I’m Savy enough not to fall in the trap !! You are doing a great service for people who are clueless about these scams ! 😎
Michael loves teasing us with his beautiful background locations.. keep it up Mike