7 Real Estate Scams Every Buyer and Seller Should Know

Buying or selling a home is one of the biggest financial moves most people make. Unfortunately, it also attracts scammers looking to take advantage. Nationally, real estate fraud costs Americans billions each year. The good news? With the right awareness, you can protect yourself.

Common Real Estate Scams

Wire Fraud
This is the most expensive scam buyers face. Criminals hack into email accounts of agents, title companies, or lenders. They send fake wiring instructions for closing funds. If money is sent, it’s nearly impossible to recover. Always confirm wiring instructions by phone using a known number.

Fake Rental Listings
Scammers copy legitimate home photos and post them as rentals. They collect deposits from unsuspecting renters and disappear. If the rent seems too good to be true, it probably is. Always verify that a property is truly for rent.

Title Fraud
Criminals forge signatures to transfer property ownership, then take out loans against the home. Homeowners may not find out until foreclosure notices arrive. Title insurance and monitoring can help protect against this.

Bait-and-Switch Listings
Some “listings” are designed only to capture your information. The property may not exist or may already be sold. Work with a trusted REALTOR® who can confirm what’s available.

Moving Scams
Shady moving companies quote a low price, then demand more money before delivering belongings. Research companies in advance and read reviews.

Foreclosure Relief Scams
Desperate homeowners are especially vulnerable. Scammers promise to stop foreclosure for an upfront fee. Legitimate help never requires payment first.

Contract Tricks
Fraudsters may slip hidden fees or unfair terms into paperwork. Always read carefully and ask questions before signing.

What This Means for Buyers
First-time buyers are especially at risk because the process feels overwhelming. Protect your purchase by verifying all communication, using secure payment methods, and working with a REALTOR® who can confirm details at every step.

What This Means for Sellers
Scammers target sellers with fake offers, fraudulent cashier’s checks, or title fraud. Partnering with a professional ensures your paperwork and payments are legitimate.

These scams are real, but they can be avoided. National trends give us the big picture, but activity varies locally. If you’d like neighborhood-specific insights, I can share what I see in DFW.

Thinking about your next move? Let’s make a smart plan. Schedule at rob-hurt.com.