Property Sourcing and Rentals

Property sourcing is the process by which deals are found, negotiated, and presented by property sources, which are then sold on to a Property Investor for a fee. A property source will scour the local market and build up a network of contacts, looking for suitable properties that have the potential to make money for an investor. They then do the leg work in terms of agreeing with a sale price with the vendor as well as sorting all the sale terms and conditions. Not all property investors have the time or know-how to source suitable properties. However, they do have the money to invest. In this situation, they may find it useful to use the services of a property sourcer to find a suitable property and arrange all the terms of sale. It makes the process much more straightforward and requires much less involvement in the purchase. Once the property has been sourced and purchased, the investor or developer can then undertake the conversion or renovation project with a view to making money. This is especially useful if you are investing in an area with which you are unfamiliar or if you are just starting out in the business and need a hand to find the right kinds of opportunities.