Beware of Fraud

Over the past few years there has been a few stories out about fraud involving rental properties. A recent story really stepped that up a notch. Someone is taking realtor information and trying to trick prospective renters into believing the house is a possible rental home.

I have a few suggestions:

1. Do not give any money to anyone asking thru a kijiji ad. I advertise my places on kijiji. Kijiji is not the problem, its only a tool that the bad people are using to try to fool you.

2. See a place in person with the people offering the house for rent. Do not give money upfront.

If you are renting and know the rental market remember on thing –

if the deal sounds to good to be true it usually is.

Check, double check and make sure its legit.

If you are buying a private sale make sure you run your offer through a lawyer before any money transfers hands.

99% of the people you run into are good honest people.

1% of people are bad but 1% ruins it for good people.

The story I was talking about is here:

REM online article

If you have any questions about real estate please do not hesitate to ask.

Thanks for reading

Ken Devoe – Century 21 Advantage

Follow me on Twitter @kendevoe