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  • Writer's picturePat Harper

What is Property Deal Sourcing?

Updated: 4 days ago

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Are you fed up with missing out on lucrative property investment opportunities because you don't have the time or expertise to find the perfect deal? A property deal sourcer could be the solution.


As a property investment professional, a deal sourcer specialises in sourcing and securing investment properties for buyers/investors. Whether you're looking to invest in a new location or simply don't have the experience to find the best deals, a deal sourcer can help you achieve your investment goals.


By leveraging their network of property professionals, including brokers, agents, and contractors, a deal sourcer can identify and secure the best deals on your behalf. Don't let a lack of time or experience hold you back from realising the potential profits of property investing. Consider working with a property deal sourcer to take your investment game to the next level.


Are Property Sourcers Different to Estate Agents?

It is important to understand the difference between a property deal sourcer and estate agents

Are you unsure of the difference between a property deal sourcer and an estate agent? It's important to understand that these are two distinct roles.


While an estate agent works on behalf of the seller to sell any property they can find, a property deal sourcer acts on behalf of the buyer and only sources good investment properties. In other words, a property deal sourcer is more selective and focused on finding the best deals for their clients, rather than just selling any property they come across.


If you're looking to make smart, profitable property investments, it's worth considering working with a top-rated UK property deal sourcer who can help you find the best deals on the market.


Responsibilities of a Property Deal Sourcer

As a property deal sourcer, your responsibilities are vast and crucial to the success of your clients' investments. From researching "up and coming" areas to generating leads and analysing investment potential, you are the driving force behind finding and securing the best deals for your clients. Your duties also extend to:

  • Making offers

  • Negotiating the best possible price

  • Presenting a comprehensive investment brochure

  • Case managing the property through conveyancing

  • Project managing any refurbishment

  • Overseeing the lettings process

  • Building and maintaining relationships with local professionals

It's a lot of work, but the reward of helping your clients achieve their investment goals makes it all worth it.


Skills to Look for in a Property Sourcer

Skills that are needed for deal sourcing property

When searching for a property deal sourcer, it's crucial to look for someone with the necessary skills and expertise to ensure the success of your investments. Please see below the skillset required to be the best property deal source:


Strong negotiation skills

A good sourcer should be able to negotiate favourable terms for their clients.


Research and analysis skills

A sourcer should be able to research and analyse market data to identify potential investment opportunities.


Knowledge and experience

When investing in the Liverpool property market, you are spending upwards of £40,000 therefore it is imperative that the property sourcer has the knowledge and experience in property investing. This allows them to find, analyse and secure the very best opportunities for their client.


Time management

A good property sourcer knows how to manage their time efficiently to ensure they don’t miss out on leads, deals and keep on top of refurbishment projects.


Effective communication with their client

The property sourcer must be able to present complex investment information and communicate this via a concise brochure for their client. The client can then make informed decisions on their investment.


A strong network

It is important that the property sourcer has built a strong property power team. This is a key element that ensures all aspects of your investments are taken care of in a professional manner. It can take many years to form a reliable team. Members of a property power team include professionals, tradesmen, solicitors, finance brokers, surveyors, architects, and letting agents.


All these skills are essential for a property deal sourcer to be able to secure the best deals for their clients and help them achieve their investment goals.


Benefits of Working With a Property Sourcer

Benefits of having the leverage to deal source property

If you're an investor looking to grow your wealth through property, working with a property deal sourcer can be an invaluable asset. By leveraging their time and expertise, you can free up your own time and energy to focus on other priorities while still achieving a great return on your investment.


A property deal sourcer can help you:


★ Achieve a better return on your money compared to what the banks are offering

★ Boost your income, to improve your lifestyle, by purchasing cash-flowing properties

★ Fund your pension pot by building a profitable property portfolio

★ Protect your cash against inflation by investing it in property


Don't let a lack of time or expertise hold you back from realising the full potential of your investments. Consider working with a property deal sourcer to take your investment game to the next level.


Protection for the Investors from Deal Sourcers

Make sure to write an agreement during the process of deal sourcing

As an investor working with a property deal sourcer you should be protected by a written agreement outlining the terms of the relationship, including the responsibilities of the sourcer and the investor.


Property sourcers take a fee from the buyer therefore it is also important that the property sourcer is fully compliant and registered with:


By taking these precautions, you can have peace of mind knowing that you are working with a responsible and trustworthy professional who has your best interests at heart. Invest smart and protect yourself by working with a fully compliant property deal sourcer.


How do I find Property Deal Sourcers?

Utilise your connections and resources to find the best deal sourcer

Are you struggling to find reliable and trustworthy property deal sourcers? It's time to turn to networking, online directories, and referrals.


Networking

By attending local property investing meet-ups, groups, or clubs, you can connect with property deal sourcers and other property professionals in person.


Online directories

Or, use the convenience of the internet to search for deal sourcers and other professionals on online directories like Facebook or Google, and even read reviews from previous clients.


Referrals

Lastly, don't forget the power of referrals from other trusted property investors or professionals. Utilise these strategies to find the best property deal sources and take your investment game to the next level.


Wrapping Up: Final Thoughts on Property Deal Sourcers

If you are considering investing in the property market but not sure where to start? A property deal sourcer may be able to help.


As a property investment professional, a deal sourcer specialises in finding and sourcing investment properties for buyers and investors. With their deep understanding of the local property market and expertise in identifying opportunities and trends, they are able to source top-quality investment properties that can help you achieve your goals.

When it comes to deal sourcing, hiring the best property investment professional can help you mitigate risks

Plus, by working with a deal sourcer, you can save yourself time and effort and mitigate risk by having them identify potential issues and negotiate favourable terms.


If you're looking to make smart, profitable property investments but don't have the time or expertise to do it on your own, consider working with a property deal sourcer. They can help you navigate the market and find the best deals for your specific needs and goals.


About Pat from Total Property Group

Hi, it’s Pat Harper - Director of TPG. I believe that investing in property is one of the highest returning and safest ways to invest your hard-earned money. I believe that it doesn't matter how busy you are you should can still reap the rewards of property investing. These are the reasons my hands-free property investing service was born… and this is how it works:


I find properties that meet your criteria, I case manage the property through legal, I project manage any refurbishments and I oversee the lettings process. It's a hands-free service to ensure you can sit back and relax! If you are looking to purchase an investment property contact me now to arrange a FREE investment discovery call. Click here to get started.

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