What Is A Property Sourcer?

Property Deal Packaging provides property sourcing services geared towards delivering the maximum returns on investment possible from UK residential properties for our clients. In general, a property sourcer searches a range of available properties. Property deal sourcers will then negotiate with the seller or their agent to obtain the property at the most profitable price for the investor to maximise its profit potential.

A property sourcer’s responsibilities include:

Creating an investment strategy.
Researching specific locations.
Generating leads, which could consist of agents or property owners.
Analysing deals to check profit potential.
Negotiating to get the best possible prices.
Making offers.
Handling deals until completion.

Property Deal Packaging entails sourcing property on behalf of investors for a fee. We are fully compliant and registered with The Property Ombudsman, the Information Commissioner’s office, and HM Revenue and Customs. Professional Indemnity Insurance also covers us.

Characteristics of a Good Property Sourcer

Sourcing Property is not an easy task; it takes training and experience to understand deals worth taking on and investments worth doing.

Manages time efficiently

Knowing which activities matter the most and applying best their energy helps a good property sourcer manage their time efficiently.

Property sourcing involves extensive research, a great deal of data analysis and numerous meetings. Prioritising wrong areas could lead to missing out on leads, lucrative deals, and, of course, money.

Understanding how investments work

The sourcer's responsibilities are to secure your clients' best opportunities and profits regarding property sourcing.

Knowing how property investment works in the UK is a must for property sourcers. They need to know how to weigh risks and to strategise with optimal results in mind. All this will help their clients decide which properties are worth taking.

Managing clients expectations

Managing the expectations of clients is essential when sourcing properties for clients. The results don’t come instantly with an investment like this. Profits accrue over a certain period, and much work needs to be done behind the scenes to effect this.

All investments also inevitably come with some risks; it’s a matter of accurately gauging which of these risks are worth taking. Because clients need to make informed decisions, property sourcers must be upfront about all possible scenarios. We advise clients about potential losses as well as potential gains.

Benefits of working with a Professional Property Sourcer

Sourcing the property on their own may tempt some clients. While this is an admirable initiative, succeeding in a property environment is challenging because it needs time and resources to get the good deals that professionals do.

The benefits of working with a professional and compliant property sourcer far outweigh the disadvantages.

Property sourcers have the right connections and have built a strong rapport with estate and letting agents and property managers. Because of these strong working relationships, closing good deals is much easier for them than for someone new to the landscape.

Through their vast experience and intensive study of market trends, they have also developed a sixth sense of which properties will be more profitable than others. They see numbers rise and fall regularly. They can identify specific patterns that are not as easily visible to others to identify worthy investments, regardless of the current market. Remember that the returns here are not instant – you need great foresight to see which numbers will rise over a given timeframe. That is a talent a great property sourcer has.

Compliance is also critical, as investors must ensure all investments are legal. A professional property sourcer understands that being registered and affiliated with the right institutions is the best way for their business to grow.