8 Ways to Avoid Being Scammed When Buying a Home

Buying a home can be an exciting time, but it can also be stressful and overwhelming. Unfortunately, there are people out there who will try to take advantage of you during this process. Here are some tactics you can take to avoid real estate scams:

1. Consult a licensed professional: Only work with licensed real estate agents and lenders that you trust.

2. Keep your personal information secure: Never give your personal or financial information to someone you don’t trust.

3. Avoid upfront fees: Never pay money upfront for a service to your home, especially if that person seems to be pressuring you.

4. Be cautious of last-minute changes: If someone tries to change the terms of your agreement at the last minute, be wary.

5. Don’t sign anything you don’t understand: Make sure you read and understand all documents before signing them.

6. Get everything in writing: Make sure all agreements are in writing and signed by all parties involved.

7. Do your research: Research the property and the people involved in the transaction before making any decisions.

8. Be wary of mail claiming to be from your lender: Your address and lender's name will become public record after the real estate transaction. Many companies will send you mail with your lender's name on the envelope and letter, trying to trick you into buying services you don't actually need.