Unfortunately, scammers can operate on Craigslist. Here are some red flags to watch out for when interacting with potential buyers:
- Unsolicited Offers of Overpayment: A potential buyer might offer significantly more than your asking price and request you to refund the difference. This is a scam tactic to get you to send your own money.
- Requests for Personal Financial Information: Legitimate buyers won’t need your social security number, bank account details, or other sensitive financial information upfront.
- Pressure to Use an Unfamiliar Escrow Service: A real estate transaction typically involves a reputable escrow service chosen by both parties. Scammer buyers might push you to use an unfamiliar service they control.
- Attempts to Lure You into Sending Money for “Incidentals”: Beware of requests for money upfront for things like “processing fees” or “land taxes.” Legitimate buyers won’t ask for these before finalizing a deal.
- Vague or Evasive Communication: Scammer buyers might avoid answering specific questions about the land or their intentions. They might try to keep communication limited to email or text and avoid phone calls.
- Broken English or Grammatical Errors: While not always a definitive sign, poorly written messages with grammatical errors or unusual phrasing can be a red flag.
If you encounter any of these red flags, it’s best to end communication with the potential buyer and report them to Craigslist. Remember, it’s always better to be cautious than to fall victim to a scam.