Stay Away from the Real Estate Section on Craigslist

Without a doubt, Craigslist is one of the more preferred platforms to sell and buy items. Whether it’s something as small as your old MP3 player that you don’t need any more or larger items like a house – Craigslist is a good destination to find whatever you want to buy. With easy accessibility and simple listing options, most people flock to the website when they want to sell their possessions.

However, with such ease and unrestricted access, comes the possibility of miscreants who want to scam others. If you’re looking to buy real estate on Craigslist, you can definitely land a good deal, but at the same time, you can also be scammed if you aren’t careful. Let’s take a look at some tips to avoid the Craigslist Real Estate Scam.

Unreal Pricing

Scammers often try to lure unsuspecting buyers by offering them the “deal of a lifetime”. They’ll price their real estate ridiculously low to get maximum attention from buyers. If it looks too good to be true, chances are, it is. So don’t fall for absurdly low pricing by thinking that you’re getting a great deal. Look for real estate that is competitively priced.

Request Payment Via Wire Transfer

Unlike ebay and other ecommerce platforms, Craigslist does NOT protect buyers in case there is any foul play during a transaction. Therefore, if anyone is asking you to send money via wire transfer, immediately walk away. Scammers will try to tempt you by lowering the price by a couple of thousand dollars without much delay. Even if the person promises to meet you the same day, once you send the money, it’s next to impossible to get it back if things go south.

Asking for Personal Info

If the seller is more interested in getting your information rather than addressing and answering your questions, you’re most likely talking to a scammer. Identity theft is rampant in the US and it comprises of gathering bits and pieces of personal information. It starts with your full name, then address, then all of a sudden ends up at your mother’s maiden name or worse, your social. Be apprehensive about giving information out on Craigslist and if at any point you feel like the seller is too inquisitive, stop talking to him or her.