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What is The Meaning of Property Sourcing?

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What is The Meaning of Property Sourcing?

If you have an interest in the property market then there are certain terms and phrases that keep popping up that you might not fully understand. One of these is property sourcing. So, what does it mean and why might it be helpful to you in your property career? Keep reading to find out more.

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.

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