BBB Warns Of Real Estate Scams As The Housing Market Remains Hot In The OKC Metro

Homes are flying on and off the market right now with interest rates continuing to stay low.

However, the Better Business Bureau said real estate wire fraud is becoming an increasingly common crime.

"You wire money and then it turns out you go to rent your home and then it actually wasn't a place on the market,” said Alison Abbott, with the Better Business Bureau.

Abbott said a lot of times for the buyers, it sound like a home too good to be true and that’s why it’s so important to do your research.

"They will list a home on the market and it will not be listed on a marketable website," Abbott said.

Make sure to check reputable websites, locations, and find people who know about the seller or real estate agent.

"Maybe you ask the landlord or homeowner to do Facetime with you and actually see the house in real time,” Abbott said.

If you're looking to sell your home, consider getting vacant home owner insurance.

"To protect your home while you’re not there and certainly while you look to rent that out,” Abbott said.

The BBB also said you should secure all windows and doors, maintain your property.

"If the home looks like it's secure and well taken care of, that generally deters scammers," she said.

Finally, give a trusted neighbor or friend your key, put your mail on hold and use your alarm system.

The BBB said if a home says it's for sale online and then you show up and it has a rental sign; watch out, that's a red flag.