1. Phantom Rental Listings
How It Works: Fraudsters post fake listings on websites like Craigslist, Zillow, or Facebook Marketplace. They ask for an upfront deposit or rent through untraceable methods after the NRI expresses interest.
Red Flags:
The rent is unusually low.
The landlord refuses to meet in person or show the property.
They ask for payment before signing an agreement or before inspection.
How to Avoid It: Always visit the property before paying. Never send money without meeting the landlord.
2. Fake Property Ownership
How It Works: Scammers pose as property owners or agents, showing properties and asking for deposits or full payments upfront. Once paid, they disappear.
Red Flags:
The person can't prove ownership.
They push for immediate payment without proper documentation.
How to Avoid It: Verify property ownership with public records or a real estate lawyer before making payments.
3. Unlicensed or Fake Real Estate Agents
How It Works: Scammers pose as agents to show properties and take upfront payments, even though they aren’t licensed by the Texas Real Estate Commission (TREC).
Red Flags:
The agent can't provide their TREC license number.
They demand upfront payments before signing contracts.
How to Avoid It: Always verify an agent’s license with TREC before proceeding.
Tips for NRIs:
- Work with trusted agents and use reliable platforms for property searches.
- Verify ownership before paying any deposits.
- Use secure payment methods like checks or credit cards.
- By staying vigilant and working with trusted professionals, NRIs can avoid these scams and ensure a safe housing experience in Texas.
