This episode of Joe Knows Better focuses on the growing threat of real estate scams.
Key takeaways:
- Property theft: Scammers are increasingly targeting vacant properties by forging documents and attempting to sell them illegally.
- Rental scams: Online rental scams are prevalent, with scammers often using fake listings and demanding upfront payments without allowing prospective tenants to view the property.
- Protecting yourself as a property owner:
- Sign up for title alerts: Monitor property records for unauthorized activity.
- Secure your property: Regularly inspect your property for signs of trespassing or unauthorized construction.
- Consider security measures: Install security cameras and use robust locks.
- Protecting yourself as a buyer or renter:
- Thoroughly research properties: Verify property ownership and be wary of deals that seem too good to be true.
- Never send money upfront: Avoid sending money to unknown individuals or entities before viewing a property.
- Use reputable real estate professionals: Work with licensed and reputable real estate agents and brokers.
- Be cautious of online listings: Verify the legitimacy of listings and be wary of any requests for upfront payments.
By being aware of these scams and taking the necessary precautions, individuals can protect themselves from falling victim to real estate fraud.
