One of the things that you need to make sure of when putting deals together is to be genuine in what you are offering. If you are going to be someone that is going to try and get one over on people then I won’t pass on your deals for you and word will get around so fast that you will get lumbered with deals that you can’t sell on.
You need to make sure that when you are presenting a property you have sourced, that you have also shown the prospective buyer all of the costs involved with the property so that they can make an accurate assessment before buying. If after they agree to go ahead with the sale, they then find there are extra fees involved that you didn’t disclose, then you will stand a very good chance of losing their trust.
The property sourcers that I use always give a full disclosure and I always let my clients know that I don’t earn anything from putting them together with my property sourcers.
There has to be that level of trust in a business relationship for it to be a long lasting and profitable relationship. It’s the only what that I do business and it should be the same for you.
Take a look at the video below and let me know what you think about what I’ve said.
So as you can see from the example that I’ve given how important it is to give a full disclosure upfront. If you are presenting a deal and miss out the ground rent or service charges then the client isn’t going to be too happy about it.
The aim of the game in property sourcing is to become someone that people can trust. The people that are selling the property need to know that they can trust you and the people that are buying the deal need to know that they can trust you too.
Without that trust you are going to end up with people going elsewhere.
Create the win-win situation all of the time. It isn’t about trying to screw the most money out of people, it’s about helping and providing a service. That way you get happy buyers and happy sellers.
Are You Looking To Become A Property Sourcer?
Becoming a property sourcer is a great way to enter the property market at a very low cost. You can work it around your current job and you can also use it to replace your full time income in a very short space of time.
Typically property sourcers earn £1,500 to £5,000 per deal. How many of those deals would you need each month to replace your current income?
In the link you can sign up to a replay of a webinar I held telling you all about how to become a property sourcer. You will learn about how to find new deals, how to package them and how to sell them on. If that sounds like something you are interested in just click the link and sign up.