Another warning about property fraud on-line

Posted: 20/2/2021

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We have often warned buyers, sellers, landlords and tenants about both for-sale and to-let property on sites with no verification. In Northern Ireland, all parties are much safer using the established sites Propertypal.com and Propertynews.com. This is because they will verify the authenticity of an agent before they let them advertise, and in turn agents have multiple diligence checks to conduct before listing a property. However we have learned of yet another case where a property was fraudulently advertised on Facebook and those behind it were attempting to collect multiple deposits, despite the fact that they had no ownership or control over the property. Whilst there is nothing illegal about advertising a property for sale or to let on social media or "buy and sell" sites, buyers and tenants need to understand that they are at greater risk of losing their money. We also know from our experience that both rogue landlords and bad tenants use these avenues for property rental, so both need to be aware of the extra risk. A good agent such as Key One Property can actually save both home sellers and landlords money. We have often proven that for letting, using us costs landlords nothing! 

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