As a property sourcer, you can expect to earn a finder fee of between one and five thousand pounds a deal… and that’s quite a spread. To calculate what you are worth you need to ask yourself a few questions. What is my time worth? How much work am I prepared to work? And exactly how much value am I providing?
What Should Property Sourcing Fees Be?
Property sourcing fees in the UK are around one to five thousand pounds depending upon particulars of the property such as location and value. The experience of the property sourcer can also be a factor.
Fees ranging from £2750 to £5900 will be the rule on average.
How much work have you put in?
For example, say you’re brand new to property sourcing and you’ve found a potential lead or homeowner who’s looking to sell their property at a good price to an investor. If your role is only to introduce the two parties, then that’s going to be worth a lower fee than if you find the property, get it negotiated under contract and find a pro-active role within the sales process. You could also be helping by sourcing refurbishment quotes (or even assisting with refurbishments). In short, when you are more involved you are more justified in charging a higher amount.
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