The Pros and Cons of Working with a Deal Sourcer
If you're an investor looking to scale your property portfolio without spending every spare hour on Rightmove or ringing agents, working with a deal sourcer might seem like the obvious choice. But should you? In this post, we're going to give you an honest, unfiltered look at the **real** pros and cons of working with a deal sourcer — so you can decide if it’s the right fit for your strategy.
✅ PRO: Access to Off-Market Deals
Great deal sourcers have networks you likely don’t — agents, landlords, solicitors, builders, and more. They often come across properties before they’re listed publicly, or ones that never will be.
These off-market opportunities can offer stronger returns, better terms, or creative strategies like R2R or PLOs that most agents won’t touch.
✅ PRO: Saves Time, Energy, and Stress
Sourcing property takes a lot of time. Calls, viewings, research, due diligence — and that’s before an offer even gets accepted.
If you’re time-poor, working with a sourcer means you can stay focused on growing your portfolio without getting bogged down in admin.
✅ PRO: Local Knowledge, Fast-Tracked
Most deal sourcers work in specific areas and know the nuances: which streets to avoid, what the local council is like, how licensing works, even typical refurb costs.
Instead of spending months getting up to speed in a new area, a good sourcer gives you instant insight.
✅ PRO: Tailored Opportunities
Good sourcers won’t just send you every deal they find. They’ll qualify based on your strategy — whether you’re looking for passive income, equity growth, BRR projects, or creative finance plays.
It’s about alignment, not volume.
🚫 CON: The Industry Is Unregulated
Anyone can wake up tomorrow and call themselves a “deal sourcer.”
That’s why you need to ask the right questions:
Are they part of a redress scheme?
Do they have PI insurance?
Are they registered with the ICO and for anti–money laundering?
Can they show evidence of past deals?
Will they introduce you to previous clients?
Trust is earned, not assumed.
🚫 CON: You Still Need to Do Your Own Due Diligence
A sourcer is not your lawyer, accountant, or builder.
They present the opportunity — but it’s your job to verify the deal. A good sourcer won’t push you to rush or make decisions under pressure. They’ll encourage you to ask questions, double-check numbers, and walk away if it’s not right.
🚫 CON: Fees Can Feel Expensive… If You Don’t Value the Work
Typical fees for a compliant, hands-on sourcer range from £2,000–£5,000+ for single units, and higher for larger or more complex deals.
If that seems steep, ask yourself:
How long would it take you to find the same deal?
Would you have negotiated the same terms?
How much time (and potential risk) has the sourcer removed?
Cheap isn’t always cheerful — especially in property.
🚫 CON: It’s Not a Magic Tap
Even with a great sourcer, you won’t get a flood of perfect deals every week. Property doesn’t work like that.
Quality deals take time to find. You might get one every few weeks. That’s normal. In fact, it’s a good sign — it means they’re being selective.
Final Thoughts: Is Working with a Sourcer Right for You?
Working with a deal sourcer can accelerate your growth and save you time — but it’s not for everyone.
It requires:
Trust and transparency
Realistic expectations
A clear understanding of your own strategy
The willingness to do your own due diligence
We share this blog with every potential investor we speak to. Not to scare them off — but to start the relationship honestly.
If you’ve read this and feel that we might be a good fit, we’d love to learn more about your goals.
Want to see what working together could look like?
[Book a call with us here] or [Send us a message].
Get in Touch
For a stress-free, hands-off approach to your property investment get in touch.