Marketing a property you haven't closed on yet

Marketing a property you haven't closed on yet

Investor · Monroe, WI · Member since 2015 · 691 posts · 610 votes

Does anybody start marketing a rental before they've officially closed on it? I wouldn't sign any leases until it's mine but I was curious to if people listed for rent so that you can get a tenant in sooner. 

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  • Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
    9y

    @Samantha Klein

    You can make that part of the agreement that you would be allowed to start marketing early so you can get tenants in there as soon as possible. This assumes it's rent ready.

  • Palo Alto, CA · Member since 2017 · 226 posts · 95 votes
    9y

    It would be rare and risky for a property owner to give you access to the property before the sale has closed escrow. 

    You don't know what the property will look like when the owners move out. Will it be move-in ready or need a week to clean it.

    Lining up prospective tenants to see it very shortly after escrow closes could be worth your effort. Trying to show it and rent it before you own it seems like an unrewarding effort.

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