Real Estate Fraud: How to Protect Yourself When Buying or Renting a Property?

The real estate sector continues to grow, but with it, fraud cases have also increased, affecting both buyers and landlords. From fake listings to identity theft, real estate fraud can lead to significant financial losses and legal complications. That’s why it is essential to understand the risks and learn how to protect yourself when purchasing or renting a property.

Main Types of Real Estate Fraud

Sale of Non-Existent or Illegally Documented Properties

There are cases where scammers advertise properties for sale that do not exist or do not have the legal conditions to be sold. At the time of purchase, the buyer may discover that the property is under litigation, belongs to someone else, or simply does not exist.

Identity Theft

A fraudster may pose as the legitimate owner of a property and sell or rent it without the real owner’s knowledge. This often happens with unoccupied properties or those involved in inheritance processes.

Document Forgery

Some individuals present forged deeds or contracts to sell or rent properties. Without a detailed review, buyers or tenants may fall into the trap and lose their money.

Scams Involving Advance Payments and Deposits

When it comes to rentals, common frauds include requesting advance payments or deposits without physically showing the property or without signing a valid contract. Many victims transfer money only to later discover that the property is unavailable or was never actually for rent.

Fake Online Listings

There are real estate websites where overly attractive offers are posted to lure potential buyers or renters. In many cases, scammers use stolen photos of other properties to make it seem like the property is available.

How to Protect Yourself from Real Estate Fraud?

✅ Verify the Identity of the Seller or Landlord

Before making any deal, request official documents from the owner, such as property deeds, official identification, and proof of utility or tax payments for the property.

✅ Do Not Make Payments Before Seeing the Property

If someone asks for an advance payment to "secure the property" without you having visited it, take it as a red flag. Always inspect the property in person and confirm its actual condition.

✅ Check the Public Property Registry

This procedure allows you to verify that the person selling the property is the actual owner and that there are no legal issues with the property.

✅ Use Legally Backed Contracts

Whether buying or renting, it is essential to have a well-structured contract reviewed by a real estate expert or a lawyer.

✅ Work with a Reliable Real Estate Consulting Firm

Established real estate agencies and consultants ensure secure transactions by verifying documents and legal processes before completing any purchase or rental.

Security and Trust with BC Real Estate

At BC Real Estate, we understand the importance of protecting your real estate investment. That’s why we offer professional advisory services for buying, selling, or renting properties, guaranteeing secure and risk-free transactions.

📍 Location: Santa Lucia 15035, Loc 52 Plaza Mundo Divertido, Col. La Mesa Tijuana, Baja California

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