In the digital age, the process of buying a home has transformed, streamlining transactions and communication. However, this convenience comes with its set of vulnerabilities, notably the rising threat of cyber theft targeting the real estate sector. Lance Jensen Real Estate is acutely aware of the alarming trend in fraudulent activities aimed at intercepting and misdirecting funds during the settlement process. As your trusted guide in the property market, we emphasize the critical importance of verifying the credentials of conveyancers and solicitors before proceeding with any financial transactions. Here’s a comprehensive ‘Buyer Beware’ checklist to protect your investment from the clutches of cybercriminals.

1. Confirm Contact Details Personally: Before transferring any sums of money, personally confirm the bank account details and contact information of your conveyancer or solicitor. Preferably, do this in person or via a phone call to a verified number.

2. Be Wary of Last-Minute Changes: Fraudsters often attempt to intercept transactions by providing new banking details at the eleventh hour, citing various reasons for the sudden change. Always question and verify such requests directly with your conveyancer or solicitor through known contact details.

3. Use Secure Communication Channels: While email is convenient, it’s also susceptible to hacking. Discuss the most secure methods for sending and receiving sensitive information with your conveyancer or solicitor. Consider encrypted email services or secure client portals for exchanging critical details.

4. Verify Their Credentials: Ensure that the conveyancer or solicitor you’re dealing with is licensed and registered with a recognized legal body. You can check their registration through official legal directories or by contacting the relevant legal society or board in your area.


5. Stay Informed About Common Scams: Familiarise yourself with the common tactics used by cybercriminals in real estate transactions. Knowledge is your best defense. Your conveyancer, solicitor, or real estate agent should keep you updated on the latest security measures and warnings.

6. Double-Check Email Origins: Before acting on any financial instructions received via email, scrutinise the sender’s address for any discrepancies. Phishing attempts often involve email addresses that closely mimic legitimate ones, with minor alterations that can be easy to overlook.

7. Secure Your Own Cyber Space: Ensure your computer and email accounts are protected with up-to-date antivirus software and strong passwords. Regularly update your operating systems and applications to safeguard against vulnerabilities.

8. Trust Your Instincts: If something feels off about a request or communication, pause and verify. It’s better to be cautious than to risk the security of your significant financial transactions.

9. Keep Records of All Communications: Maintain a comprehensive record of all communications and documents exchanged throughout the transaction process. These records can be invaluable if any discrepancies arise or in the event of an investigation.

10. Consult with Lance Jensen Real Estate: Our team is here to support and guide you through every step of your real estate transaction, including navigating the complexities of secure settlements. Don’t hesitate to reach out with any concerns or for advice on securing your transaction.

The excitement of acquiring a new home should not be overshadowed by the threat of cyber theft. By taking proactive steps and utilizing the ‘Buyer Beware’ checklist, you can protect your investment and ensure a secure and smooth settlement process.

Lance Jensen Real Estate is committed to your safety and success in the property market, armed with expertise and vigilance against the evolving tactics of cybercriminals.