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lorida homebuyers and sellers lose more than $7 million each year to real‑estate scams during the holiday season, a new study shows. The research, conducted by PPS House Buyers and based on Federal Trade Commission data, found Florida’s scam reports are 95.6 % higher than the national average of 1.14 reports per 100,000 residents. The holiday rush creates a “perfect storm,” according to Joel Medrano, CEO of PPS House Buyers, who says buyers feel pressured to close before Christmas and scammers take advantage with offers that seem too good to miss.

    Typical frauds include fake rental listings that demand upfront deposits and wire‑transfer scams at closing. Medrano notes that even states with fewer reports can see devastating losses; in Wyoming and North Dakota, the average loss per incident exceeds $75,000, a blow that can ruin families.

    Red flags are deals that appear too attractive and push for quick action. Experts advise verifying all parties through official channels, viewing properties in person, and never wiring money based on email instructions alone. A signed contract and proper verification are essential safeguards.

    This story was originally reported on‑air and has been adapted for this platform with AI assistance. The editorial team confirms all reporting for fairness and accuracy. © 2025 Scripps Media, Inc. All rights reserved.