Yes there are a lot of "fakes" about, not really fake as such but people putting Ferriari
stickers on a Red 500 or Abarth and calling it a Ferrari edition.
I have attached pictures of what the real one should look like. Important things are the Brembo Calipers on the brakes. The flappy paddle gearbox (racing gearbox) Also I believe the wheels are unique to the ferrari edition as is the grey bonnet (hood) and roof stripes and the interior has acres of carbon fiber on the dash and on the backs of the racing seats.
Go online and check out what the real ones look like, as you're state side use one of the title checking apps to make sure everything ties up.
These should never be "cheap" as they were very limited run and will become collectors items, the only time it would justifiably be cheap is if it has had a bad life or a checkered history.
Bellow is not a Ferrari edition but you'll notice it has a ferrari sticker on the side near the turn signal. This is just one example I found of someone advertising a "ferrari" edition. This is just a standard red fiat 500.
I also found a 695 Biposto being sold as a ferrari edition, because it was red. Not a Ferrari edition but still a very valuable and rare car.
The actual Abarth 695 models all tend to be special editions, they have done the Ferrari, Maserati and Biposto editions. The 70th anniversary edition, a yamaha edition. They tend to be numbered and the ferrari edition has a plaque on the interior just below where the shifter would normally be showing the number of the special edition.
It is worth researching what came with the car from new, for example the Maserati edition came with custom handmade leather luggage, which would cost a fortune to replace if not with the car, every car they sold originally came with the luggage. So they may have has some other special item in the Ferrari model.
Now I think that in 2013 the Maserati edition came out, and I think the Ferrari edition was 2010, so as you're saying its a 2013 this already sets alarm bells ringing.
It might just be a red Abarth.