Sabrina Sanchez Logo
BEING CAUTIOUS WITH PROPERTY SCAMS IN FLORIDA
avatar undefined
·2 min read

Being cautious and vigilant is essential when dealing with property transactions anywhere, including Florida.

Property scams can come in various forms, so here are some tips to help you avoid falling victim to scams when buying or renting property in Florida:

  • Verify the property ownership: Before proceeding with any transaction, verify the property ownership through public records or county property appraiser websites. Scammers may try to sell properties they don't own or don't have the right to sell.

  • Visit the property in person: If possible, always visit the property in person to inspect it thoroughly. This will help you ensure that the property actually exists and matches the description provided.

  • Avoid wire transfers: Be cautious about sending money via wire transfer, especially to individuals or companies you don't know personally. It's harder to recover funds sent through wire transfers if you become a victim of fraud.

  • Use escrow services: Consider using an escrow service to handle the funds during the transaction. Escrow services can provide an added layer of security, ensuring that the funds are only released when all the terms of the deal are met.

  • Verify documentation: Thoroughly review all documents related to the transaction, including the title, contracts, and disclosures. If you don't understand something, seek legal advice before proceeding.

  • Check for liens and encumbrances: Conduct a title search to check for any liens or encumbrances on the property that could cause issues after the purchase.

  • Research the seller/landlord: If you're dealing directly with an individual seller or landlord, do some background research on them to ensure they are legitimate and reputable.

Remember, thorough research, due diligence, and a healthy dose of skepticism can go a long way in protecting yourself from property scams in Florida or any other location. Always seek advice from trusted professionals, such as real estate agents, attorneys, or financial advisors, to ensure a safe and legitimate property transaction.