One of the most challenging aspects of approaching the field of real estate investment was still finding out when and how to get a decent deal.
The choices were clear and straightforward: find a deal on your own by putting in a lot of work to look for, locate, investigate, make an offer on, and finance the house. Alternatively, you might opt for 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?
Property sourcers, as contrasted to estate agents, work almost exclusively with property owners or sellers. They frequently have a group of customers with whom they collaborate together and get to know more over time. Every sourcer has their own method of locating properties, and by dealing with buyers on a regular basis, they have a clear understanding of what could be of interest or not.
Sourcers can be thought of as house hunters. A sourcer will be of tremendous assistance and will be able to find the best deal for you whether you are a property investor looking to buy or an actual homeowner looking to find their dream home.
A sourcer may have three redeeming qualities: connections, in-depth knowledge of a geographic field, and a certain degree of experience in the property industry.
A sourcer’s skills and connections are their bread and butter, implying that they have access to properties or deals that are not as obvious or open to others. This may include properties that have not yet been classified or have had little to no publicity. In any case, property sourcers have a thorough knowledge of their clients’ requirements and are experts in their respective fields.
The niches that property finders fulfill are multiple and complex. Property finders can specialize in particular property types such as apartments, homes, estates, or even luxury homes! Most sourcers have a specific market in which they specialize. Without a doubt, this specialization is highly helpful to the investor or buyer and will save a considerable amount of time and effort. Another beneficial feature of property sourcers is portfolio management, which is an important part of a sourcer’s position. They will assist with the structuring of a portfolio as well as provide guidance on how to market it and how to invest wisely.
So who do you rely on? Would it potentially save you time when you’d be hunting for a sourcer rather than a property? Most important, who are these people?
Let me assure you that there is no more honest and genuine sourcer than DealSourcing.co. This PropTech Software was able to simplify this mechanism and build a system that functions as your personal property sourcer. The platform will locate properties from all over the internet and sort them by ROI thanks to algorithms and the power of automation.
It helps you save time, money, and resources! The main function of this platform is to locate High Yield Properties. If you are searching for UK Property Investment, it is a no-brainer to get DealSourcing.co.
The app also estimates the return on investment for each property on Rightmove and finds homes for sale at below market value, saving buyers hours of research time.
Aside from all of the property finders available in the UK, you must still ensure that any deal you are considering is extensively investigated.
The biggest advantage of working with a property sourcer is having access to the best prices in the rental sector. But don’t forget that doing your own homework is just as vital as finding the whole deal on your own.
And professionals will make mistakes, and who can know what is a good deal for you? Yes, a property sourcer will save you time and money, but you should still perform your own analysis, particularly in the first few months. Over time, you will develop good relationships with the best sourcers for you, which will save you much more time and resources in the long run.
The Top 3 More Useful Use Cases of DealSourcing.co:
- BTL & HMO Deal Analyser
Get rid of all your home spreadsheets. They estimate the cash flow for each sale without the use of a spreadsheet or chart. Calculate your overall offer, taking into account any expenses, Stamp Duties, earnings, and even whether you need to leave money in the deal.
- Find High Yield properties by location
They analyzed data from nearly 500,000 properties in England, Scotland, and Wales. Their primary goal is to identify the best buy-to-let yield for each postal address.
- Find negative equity properties by location
If a property is worth less than the mortgage secured on it, that is because it is in negative equity. They support you in finding those offers depending on your geographic position.