All Topics / Help Needed! / property sourcer yay or nay?

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of GL investorGL investor
    Member
    @gl-investor
    Join Date: 2013
    Post Count: 3

    My fellow investors… I'm considering using property sourcers for my next investment…. please assist by answering the questions below … much appreciated.

    1) When are you most likely to use a property sourcer?

    2) What attributes do you look for before committing to working with a sourcer?

    3) When are you most likely to use a property sourcer?

    4) From previous experience what has been the best feature of the sourcing service?

    5) In which areas do you find most sourcers incompetent?

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Hi there

    By property sourcer are you referring to a buyers agent?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi GL,

      You appear to have started three threads on the same topic.    I'd suggest you respond to this one (since you have had a response from Jamie) and leave the others to a Moderator to delete.  

    Benny

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Thanks Benny i will take care of the multiple posts.

    In regards to choosing a property sorcerer i think i would use the same approach as i use to choosing any Professional and that is i look to choose someone who has been there and done it rather than someone who talks a good story.

    I mean would you have your teeth seen to by someone who has never extracted one before and only read the book on DIY Dentistry?

    The other thing is price.

    I hate to say you don't get what you pay for in that just because some organisation charges you twice as much as another it doesn't mean that you get twice as good as a property.

    We charge between $4950 – $5400 +GST irrespective of the purchase price and get told by many a forum client that we are half the price of most.

    Difference is my business partner and I don't run the business as a money making organisation and have no need to fleece clients.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of gfreergfreer
    Member
    @gfreer
    Join Date: 2011
    Post Count: 19

    Hi GL, below are my responses in CAPS

    1) When are you most likely to use a property sourcer? OUT OF FAMILIAR AREA, SPECIALIST PRODUCT TYPE SOUGHT (EG. NRAS), NO TIME/INCLINATION FOR RESEARCH

    2) What attributes do you look for before committing to working with a sourcer? TRACK RECORD, EXPERIENCE , INTEGRITY, COMMUNICATION SKILL

    3) When are you most likely to use a property sourcer? AS ABOVE

    4) From previous experience what has been the best feature of the sourcing service? GUARANTEED RESULTS (IF NO SAVING ON AGREED PROPERTY – NO FEE)

    5) In which areas do you find most sourcers incompetent? CASHFLOW ANALYSIS (THE NUMBERS MATTER), INSUFFICIENT DUE DILIGENCE, COMMUNICATION SKILLS

    ,  – Graeme Freer,

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.