Red Wing, Minnesota
610 Main St.
Red Wing, MN 55066
(651) 388-4745

3 Common Scams to Avoid When You Buy a Home May 30, 2018

Red Wing, Goodhue
3 Common Scams to Avoid When You Buy a Home, Red Wing, Minnesota

As you start the journey of purchasing real estate, you need to know how to protect yourself and your finances. The local Realtors® at Lawrence Realty Inc advise their clients about the common scams they see when people buy a home in Red Wing, MN. They’ve outlined a few of them here, so you know what to look for and how to avoid these dangerous traps.

Scams Targeting Homebuyers

1. Fake Real Estate Listings

Scammers will take a real listing and duplicate it online. They copy the photos and home description, and list it online for much cheaper. They then request the buyer wire them money to take the listing. Always be concerned if a property seems like too good a deal, or if someone asks you to send them money without meeting them first.

2. Stolen Down Payment

buy a homeHackers may target your agent’s email account and send you instructions to wire closing funds. If you follow them, you’ll send money overseas into an untraceable account. To protect yourself from this scam, always have conversations about finances with a real estate agent either over the phone or in person. When you do wire funds, call immediately to confirm receipt of the funds, so you can freeze them in time if you suspect a scam.

3. Unlicensed Agents

People may pose as licensed real estate agents to steal your money. They work with buyers through the entire process on either side of the sale, then steal the escrow funds. Vet everyone you work with as you buy a home to ensure they have a valid real estate license and a good reputation.

The best way to protect yourself when you buy a home is to work with a trusted and experienced team. Lawrence Realty Inc has been a respected part of the Minnesota and Western Wisconsin community since 1948. Their Realtors® will work with your best interests in mind and handle everything on your behalf as you go through your transaction. Visit their website to learn more about how they can serve you, and call them at (651) 388-4745 to start searching for your dream home today!

Other Announcements, Events and Deals from Lawrence Realty
3 Tips for Keeping a Clean Home While it's on the Market, Red Wing, Minnesota
Selling your house can be challenging enough as it is, but it can be even more so when you’re still living in it. Between day-to-day messes from young children to pets who shed more
5 Red Flags to Look Out For in Real Estate Listings, Red Wing, Minnesota
A lot of people looking for a new home rely on real estate listings to narrow down their choices. While most real estate agents post honest and realistic descriptions, there more
4745 Kingswood Drive, listed below appraised value!  Offered by Jake Dahl and Brady Lawrence at LAWRENCE REALTY INC, Red Wing, Minnesota
Come take a look at this new construction home at 4745 Kingswood Drive! A new, energy efficient, detached townhome with easy access to the Metro area.   Main Level more
How to Make Your Home Look Better in Photos, Red Wing, Minnesota
Selling your house is a lot easier with the help of a seasoned real estate agent. In addition to guiding you through the listing process, they will also help your home stand out and more
Price Reduction!  1404 Norwood, Red Wing MN offered by  Brady Lawrence of LAWRENCE REALTY, INC., Red Wing, Minnesota
When you are looking over the Real Estate Listings, check out this property at 1404 Norwood Street , which has been reduced to $174,000!  It offers easy access to downtown Red more