How To Protect Yourself From Fraudulent Zillow Listings As A Buyer
The convenience of platforms like Zillow has revolutionized the real estate market, but it has also opened the door for scammers to exploit unsuspecting buyers. Fraudulent Zillow listings are a growing concern, and as a buyer, it’s essential to stay vigilant to protect your finances and personal information. Here are some safety tips from our experienced attorneys at Bosshard Parke.
What Are Fraudulent Zillow Listings?
Fraudulent listings are fake ads for properties that scammers do not own. These scams often target buyers with enticingly low prices or urgent offers, tricking them into sending deposits or personal information.
Signs Of A Fraudulent Listing
- Too Good to Be True: If the price seems unusually low for the area, proceed with caution.
- Pressure to Act Quickly: Scammers often push buyers to send deposits or personal information immediately.
- Lack of Access: Be wary if the “seller” refuses to let you view the property in person.
- Unverified Information: Listings with vague details, inconsistent photos, or missing key information can be red flags.
How Buyers Can Protect Themselves
- Verify the Listing
Contact the listing agent directly to confirm the property is legitimate. If no agent is listed, it’s a potential warning sign. - Avoid Sending Money Before Viewing the Property
Never send a deposit or payment without verifying the property and signing a legitimate purchase agreement. - Report Suspicious Listings
If you suspect a listing is fraudulent, report it to Zillow using their fraud reporting tool. - Check the Property’s Ownership
Work with your real estate agent to verify the property’s ownership through public records. - Stay Cautious with Personal Information
Be careful about sharing sensitive information like Social Security numbers or bank details, especially if the transaction feels rushed or suspicious. - Work with Reputable Agents
A trusted real estate agent can help you navigate the process and avoid fraudulent listings.
Your Next Steps
Buying a home is a significant investment, and scammers are eager to take advantage of unsuspecting buyers. By staying informed and cautious, you can avoid becoming a victim of fraudulent listings.
For legal assistance or advice, the attorneys at Bosshard Parke in La Crosse and Sparta, Wisconsin are here to help protect your interests during real estate transactions.
Disclaimer: This blog is for informational purposes only and does not constitute legal advice. For personalized guidance, consult an attorney at Bosshard Parke.
