HONOLULU (KHON2) — It’s very popular, especially among millennials, to casually lurk on Zillow spying house, condo and apartment deals.
However, if a listing seems too good to be true in this seller’s market, it probably is.
Zillow provided this statement:
“Our teams use a number of different tools to prevent inappropriate content from publishing in the first place, but if a listing is found to be fraudulent after it’s posted, our team takes steps to remove it. In this case, we discovered a “For Sale By Owner” listing was illegitimate after it was posted, and have since taken it down. We apologize for any confusion this may have caused,” a Zillow spokesperson told KRON4.
The website has some tips on how to spot a fraudulent listing to help potential buyers feel confident while they look at listings.
Whether you are looking to rent or buy a home, here are some tips:
- Requests to wire funds. Zillow says many scams include a request to wire finds, some of which will have convincing reasons for why the party needs to deal remotely.
- Long-distance landlords. Most scams come from people in foreign countries, per Zillow. The website says to be careful of people who claim to be missionaries, U.N. workers or military members.
- Requests for verification codes. If you are asked to provide a code sent to your cell phone, Zillow says it is a scam.
- Requests for personal or financial information. Only provide your bank account number or Social Security Number if you are sure the source is trusted.
- Typos and sob stories. Emails with lots of spelling or grammatical errors are often scams. Messages about stories of family or financial issues are also usually frauds.
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For more helpful tips on cracking down on faulty listings head to Zillow’s website.