If you need assistance, please call 914-290-5258

Scammers want your MONEY!

Monday, May 18, 2020   /   by Vanessa Saunders

Scammers want your MONEY!


From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

05-18-2020

This weekend, one of our agents received an unusual phone call about one of our listings. What that caller told her set off all kinds of red scam-flags. The caller said she was interested in a rental of ours she saw on Craig's List. (Flag one - we never use Craig's List, EVER.) She had called the number on the Craig's List ad and spoken with a gentleman who claimed she could see the property but had to put down a $1,000 deposit. (Flag two - we don't require deposits to view a property.) Our caller thought something was odd about it, so she called our agent. (Flag three - if it doesn't pass your smell-test, it probably isn't legit. And this one stank to high heaven.)

As long as there has been real estate, there have been scammers trying to take advantage of buyers, sellers, landlords and renters. With COVID-19's slowing down of personal property viewings and interactions between parties, it has become even more difficult to tell transactions from transgressions.

Scammers take advantage of social distancing practices as excuses for not letting people see a property before asking for a deposit or personal financial information. According to the Better Business Bureau, a majority of people who run into real estate scams do not fall for them. But of those who do take the bait, one in three will lose more than $1,000.

The BBB offers these four ways you can protect yourself from real estate scams:

1. Watch out for deals that are too good to be true.
Low prices, attractive amenities, a great location etc. Check Google Maps to be sure the address actually exists and to see if the property is listed somewhere else. And don't use Craig's List to find a home. EVER.

2. Look for the same listing in another city.
See if you find that exact same address, that exact same phone number or that exact same email. That’s a big red flag that this is a scammer who’s plugging that same information into different ads to see who falls for the bait.

3. Visit the property in person whenever possible.
Even with COVID-19 rules, it is possible to walk through properties unaccompanied by a Realtor. Your agent can contact the owner and set up a solo walk-through, or use Skype, Facetime or Zoom to give you a look around and confirm the property is legit.

4. Never give in to up front money or banking information requests.
Our caller got it right when she suspected the "owner" she spoke with sounded fishy.

Global Property Systems says:
If you do encounter a scam in progress, contact the FBI’s Internet Crime Complaint Center. Internet scams constitute a federal crime, so don't hesitate to bring in the big boys, however trivial or outrageously bogus the scam might be.

CONTACT US at Global Property Systems for more information about Hudson Valley real estate, or to find your next home.


  hudson valley real estate, hudson valley property, hudson valley home sellers, 'urb to 'burb, pandemic, scam alert

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


NY.png

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
This site powered by CINC: www.cincpro.com