Realty scam popping up in Waco

POSTED: Wednesday, May 9, 2012 - 4:12pm
UPDATED: Thursday, May 10, 2012 - 9:18am

When it comes to rental property sometimes...

"If it's too good to be true, it is," said Brad Barlow, sales manager at Graceland Real Estate in Waco.

Because of sites like Craigslist there are more people posting properties for lease that aren't even on the market.

"They're just taking the property, the picture of the property and the address and then putting a little bit of information on there and saying it's for lease, for $1,000 dollars, 500 dollar move in." said Kathy Schroeder, Vice President of Coldwell Banker Jim Stewart, Realtors.

"And they say send the money to this address. Send the deposit and the first month’s rent and we will send you a key. And then the tenant will send them the money and then never hear from them." said Barlow.

Local realtors say they have seen this scam in the past but there has been a rise in cases over the past few weeks.

"Always use a professional and don't ever send money to anybody. If they won't meet with you in person then do not send any money anywhere," said Barlow.

"If they're from out of town, call a local realtor, they can just Google a town and find a real estate agency and ask them if they would check it out for them and we would be happy to do that." said Schroeder.

A typical deposit is usually equal to a month's rent.

So if the deposit is listed much lower than that. It's more than likely a scam.

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