One of the biggest challenges of setting a foot in the property investing world was always: Where and how do I find a good deal?
The options were simple and easy; to find a deal yourself through putting in a lot of effort to search, find, research, make an offer on, and finance the property. Or, to find a property sourcer. Either that be a professional sourcer or another investor who had access to a deal that didn’t fit in with their plans.
What Are Property Sourcers and How Do They Work?
Unlike estate agents, property sourcers work almost exclusively for property investors or buyers. They often have a selection of buyers with whom they work closely and get to know better over time. Each sourcer has their own way of finding properties and through repeatedly working with buyers, know exactly what could be of interest or not.
It is useful to think of sourcers as property hunters. Whether you are a property investor looking to invest or an individual homeowner looking to find your dream home, a sourcer will be of great use and will be able to find the perfect deal for you.
There are three redeeming qualities that a sourcer can offer, notably contacts, a solid knowledge of a specific area and a certain level of expertise within the property industry.
The expertise and contacts are the bread and butter of a sourcer and implies that they have access to properties or deals which are not as evident or accessible to everyone. This could be properties that have not been listed yet, or properties which have received little to no promotion. In any case, property sourcers have a deep understanding of their client’s needs as well as being specialists of their niches.
The niches that property finders fulfil are diverse and plentiful. Property sourcers can be specialists of specific property types, such as flats, houses, estates or even mansions! Most sourcers have a well-defined niche and are specialists within it. This niche could be purpose-built student accommodation, corporate lettings, social housing and even short-term lets.
Undoubtedly, this specialisation is extremely beneficial to the investor or buyer and can prove invaluable as it can save a lot of time and effort. Another positive aspect of property sourcers is portfolio management, which constitutes a big part of a sourcer’s role. They can help structure a portfolio as well as offer advice on how to present it and how to invest wisely.
But, who could you trust? Would it actually result in less work, given you would be searching for a sourcer rather than a property? And, most of all, where are these people?
Well, let me tell you that there’s no more truthful and reliable sourcer than DealSourcing.co. This PropTech Software has been able to automate this process and create a platform that becomes your very own property sourcer. Through algorithms and the power of automation, the platform is able to find properties from all across the internet and sort them by ROI.
It saves you time, money and energy! The key feature of this platform is to find High Yield Properties. It’s a no brainer to have DealSourcing.co if you are looking for UK Property Investment.
The software also calculates the return on investment for every property on Rightmove and locates below market value properties for sale, saving investors hours of time spent on research.
Besides all the property sourcers available in the UK, you always need to be sure to perfectly research any deal that you are considering.
The main benefit of using a property sourcer is to get access to the best deals in the housing market. But, don’t forget that doing your own research is just as important as if you had found the whole deal on your own.
Even experts can be wrong sometimes, and who will know what’s a great deal for you? Yes, a property sourcer will save you time and money, but always do your own research, especially in the first couple of months. Over time, you will build up strong relationships with the right sourcers for you, saving you even more time and money over the long term.
The Top 3 More Useful Use Cases of DealSourcing.co:
- BTL & HMO Deal Analyser
Say goodbye to all your property spreadsheets. For each deal, they calculate the cash flow, without the need for a spreadsheet or a calculator. Work out your maximum offer, including any costs, Stamp Duty, profits, or even if you have to leave money in the deal.
- Find High Yield properties by location
They’ve analysed the data of nearly 500,000 properties across England, Scotland and Wales. Their primary mission is to find the highest buy-to-let yield for each postcode.
- Find negative equity properties by location
Property is in negative equity if it’s worth less than the mortgage secured on it. They help you find those deals by geographic location.