Definition of "Con"

Tom Jones Group real estate agent

Written by

Tom Jones Groupelite badge icon

Keller Williams Realty

Con can mean the downside of any relevant aspects that need to be weighed and evaluated before any decision is made. For example, there are pros and cons to living near an airport and one must decide if it would benefit them or not to move in the vicinity of an airport. 

Another meaning for con is scamming or someone’s ability to persuade by lying or not offering valid information. Con could be an instance of deceiving or tricking people in order to have some sort of gain after it. For example, a person that uses deception to get someone’s money is a con.

Con in real estate

In real estate, con can be identified as a scam artist or a person involved in real estate that has the ability to deceive in order to obtain something from his victims. A planned scheme that has the sole purpose of deceiving for monetary gains through real estate can also be identified as a con. Con schemes or con artists can be found in any industry not only in real estate therefore this term is commonly used in many other markets.

As an example, a con or a scam in real estate can be a fake rental listing. The con artistic or the scammer takes a legitimate properties information and acts as landlords or real estate agents, asking for an upfront down payment or security deposit. 

Also, cons come in the form of homeowners or landlords that pretend to be out of the country and they are unable to show the property before you sign the lease or contract with the promise that the keys will be mailed to you.

These are just a few of the real estate cons or scams that occur and some of them can lead to monetary losses or unauthorized use of personal information that could lead to bank frauds, opened mortgages, leases, or loans.


Need help as a:

I'm interested to:


I work in:

Reach out to the local professionals for help
I agree to receive FREE real estate advice.

Agents, get listed in your area. Sign up Now!

Here's what you'll get:

1. Full zipcodes coverage for the city of your choice for 3 months

2. The ability to reach a wider audience

3. No annual contract and no hidden fees

4. Live customer support/No robo calls

$75 - Any City - 3 Months Coverage
loader gif

Please wait ...

I agree to receive FREE real estate advice
I agree with Terms & Conditions and Section 5-5.9.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Insulation covered on each side by a material, such as metal. ...

Stipulation in a contract on how property can or cannot be used. For example, a rental agreement may stipulate that an apartment may not be used for retail trade. ...

As one of the principles of contract, the lawful object meaning can be defined as an object or action which is authorized, approved, and not prohibited by law. A contract to be legal ...

Date of the valuation of property, usually contained in a report. ...

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...

If you’re a renter and you own a pet, you might be familiar with the term pet rent. There has been a lot of discussion about the meaning of pet rent and controversy as it isn’t ...

The allocation method estimates the value of the property’s land by gathering information from comparable properties. The allocation method of estimating site value is ideal, however, ...

Used when determining the worth of an annuity that reinvests the amount of recaptured investment at a risk-free interest rate. ...

An offering of securities, stock and/or debt, directly to investors rather then through the public exchange markets. An advantage of a private placement to a real estate business is that ...

Popular Real Estate Questions