How to avoid property scams as the market returns to life

With auction levels beginning to strengthen and state borders beginning to re-open, now is the time to make the most of clients looking to buy and sell.

Technology can make it easier to facilitate a property deal, however your client may have concerns when it comes to security. The good news is, as with most things, some technologies are better than others to protect your clients from cybercrime.

Cybercrime is reported every 10 minutes in Australia, and property funds have the attention of scammers. The transparent nature of the property industry and documentation and contract requirements makes it more vulnerable.

Every transaction gets listed on a major listing site, so every property and its agent is available for everyone to see, including the scammers. There’s also a lot of parties involved, meaning more chance for things to go wrong.

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