Make informed decisions with this expert advice.
As our lives increasingly shift online, the property industry has not been left behind. However, with this digital transition comes a new wave of challenges. One such challenge is the rise in property-related scams, particularly on social media platforms.
In this comprehensive guide, we'll walk you through essential strategies to protect yourself and your investments when renting, buying, or selling property.
Research extensively
One of the most effective ways to avoid scams is through thorough research. Whether you're dealing with a rental, purchase, or sale, gather as much information as you can about the property, the neighbourhood, and the parties involved. Look for reputable estate agency websites, consult local property listings, and read customer reviews, if applicable. Better yet, go meet the agent in their office as a way to ensure you are dealing with a professional agency.
Knowledge about market prices, typical rental agreements, and property values can help protect you against scammers.
Understand scam tactics
Scammers often employ a variety of tactics to attract their victims. They may offer properties at prices that seem too good to be true, or rush you into making decisions and payments. They may even impersonate legitimate estate agents or property owners to gain your trust. It's essential to be aware of these tactics and to approach any property deal with a healthy dose of scepticism.
Beware of social media scams and online transactions
Recently, there has been an alarming increase in property-related scams on social media platforms. These scams often occur in private groups, where individuals falsely claim to be estate agents working for reputable brands. They lure unsuspecting tenants, buyers, and sellers into their trap with attractive property listings.
It’s best to be very wary of properties on Facebook Marketplace, and any communications or money requests via Facebook Messenger, WhatsApp, Gmail or Google Docs. Any such requests should be treated with utmost caution.
Always refer to verified property listings
When searching for a property, always refer to official property listings on trusted platforms. Our properties are exclusively listed on our official website, and the main UK property websites, Rightmove, Zoopla and PrimeLocation. These platforms provide a secure environment for property transactions and are regularly updated with the latest listings.
If you're in any doubt about an interaction you've had concerning a property listing, we strongly advise you to call your local branch. You can find the verified phone numbers for all our branches on our official website. Our team is always ready to assist and provide clarity on any concerns you might have.