Property investment is a fantastic way to diversify your portfolio… and it appears to be everywhere…. yet you tend to have difficulty finding possibilities that are suitable for you…. or so it seems.
When you’re cash-rich but time-poor, as many investors are, you’ll need the support of a property sourcing agent to uncover those elusive prospects, which are sometimes hidden or never come to market.
Many websites enable you to browse for properties that are already for sale; however, most of them will be offered at market value, making them unsuitable for the strategic property investor.
Our property sourcing team can reach a huge prospective pool of owners, sellers, and intermediaries who have access to the types of properties you’re looking for by marrying on-market and off-market scouting using both offline and digital methods. We’ll find you those deals that have eluded you so far, and we’ll help you get from initial look-see to closing quickly and painlessly.
In very basic terms, property deal sourcing is the process – actually the art -of locating, assessing, and negotiating the sale of properties for personal use or for the purpose of reselling to investors.
By dealing with all the necessary regulations and locating great property options in your target area, the property deal sourcer saves you time, often saves you money and can find opportunities that you might never have found alone, even if you researched for weeks. And if you have no interest in researching, property sourcing is definitely the ideal option for you!
A property sourcing agent will help you in conducting research and gathering vital information in your area of interest, or, if you prefer, do it all for you. Their work allows you to locate an ideal property for your needs while staying within your budget and respecting your valuable time.
Why work with a property sourcing agent when you can go it alone? Here’s a look at just some reasons why you should partner with a proven property sourcing agent to help you find those great deals.
This can take a very long time.
Working with a property sourcer will streamline the process and take the guesswork out of it while also saving you a lot of time. It’s far easier and more efficient to watch the videos of properties that your property sourcing agent can send to you than traveling out to each one yourself.
In addition, given that a successful property sourcing agent is a highly skilled negotiator, they can do all the haggling and back and forth to seal the best possible deal, without you having to take time out of your busy schedule to get involved until a great deal is on the table.
Working with a property sourcer is usually a straightforward and uncomplicated process. Their role is to ensure they make your life easier during the sourcing and sales process in all kinds of ways. At the very least, hiring a property sourcing agent means you won’t have to waste hours, days, or weeks browsing through estate agency listings looking for suitable prospects in your desired geographic area.
Suppose you wanted to make an investment in Manchester (and we thoroughly recommend that you do).
If you don’t use a property sourcing agent, you’ll have to go out and attend viewings, submit offers, and schedule second viewings before you can make an initial decision on a property.
Most property investors are not real estate professionals. They are people from all walks of life who have come to understand (rightly) that property investment is an excellent way to diversify and bolster an existing investment portfolio or get a new one off to a great start.
What most investors don’t have is an intimate knowledge of just which areas, neighbourhoods (and even streets) offer the best property investment ROI, or where to find those hidden gem properties that are being offered for less than market value, or will never make it to the open real estate market as the owners, for a variety of reasons, want to get a deal done faster than a standard real estate agency can achieve.
A great property sourcing agent, like those on the Pearl Lemon properties team, can find those elusive deals, determine which of them best fit your investing criteria and property needs, show you your options, and, if needed, keep searching until they find just the right one(s).
Working with a property sourcing agency doesn’t imply you can’t look for investment prospects on your own.
It’s fine if you want to go out and find your own places and deals. However, speaking with a property sourcer to see what they have available is not a bad idea as well. In fact, it’s a very smart one, especially given that they often have access to deals that just can’t be found on the open market.
As an investor, you will be significantly more flexible if you have more deals on the table to consider. More deals imply more time to conduct the necessary research to discover the perfect property, in the ideal location, that is a good fit for you and will meet your portfolio’s long-term objectives.
To summarize, why should you hire a property sourcing agent?
For starters, it’s because it’s a hands-off approach. Second, it will help you save time. Finally, as a strategy, it provides you with additional flexibility. A property sourcing agent will also provide you with access to a greater number of deals, which can’t be a bad thing.
Why work with Pearl Lemon Properties as your property sourcing agent specifically? Not only can our expert team find you the best properties, anywhere in the country, but we will also help you better grasp the notion of buying below market value properties, identify the correct investment possibilities, and find the necessary expertise — from builders to lawyers to financial consultants and more – to make it all happen.