Collins: Real estate scams are on the rise

June 26, 2026 - 02:54

As technology reshapes the home-buying process, it brings both convenience and danger. Real estate professionals and consumers now have digital tools that can speed up everything from property searches to closing deals. But this same technology has opened the door for scammers, who are finding new ways to exploit the system.

Fraudsters are using sophisticated methods to trick buyers, sellers, and even agents. Common schemes include phishing emails that appear to come from title companies or real estate attorneys, asking for wire transfers. Once the money is sent, it is nearly impossible to recover. Another growing threat involves fake property listings. Scammers post homes for sale that do not exist or that they do not own, collecting deposits from multiple victims before disappearing.

Industry experts say the rise in remote transactions and digital document signing has made it easier for criminals to operate. Many buyers are eager to close quickly, especially in competitive markets, and that urgency can lead to carelessness. Agents are now being urged to verify all payment instructions by phone and to educate clients about red flags.

The message is clear: while technology makes real estate more accessible, it also demands greater vigilance. Anyone involved in a property transaction should double-check every detail and never rush a financial decision.