Real Estate Sourcing Manager (Immediate) Job Description Template
The Real Estate Sourcing Manager will lead efforts to identify and acquire strategic property opportunities. The role involves evaluating real estate markets, negotiating contracts, and managing relationships with property owners, brokers, and developers to ensure the company's property portfolio aligns with business objectives.
Responsibilities
- Identify and evaluate property opportunities in alignment with company objectives.
- Negotiate contracts and terms with property owners, brokers, and developers.
- Conduct market research to inform strategic decisions on property acquisitions.
- Manage the property acquisition process from sourcing to closing.
- Maintain relationships with real estate partners and stakeholders.
- Prepare and present reports on property acquisitions and market conditions.
- Ensure compliance with legal and regulatory requirements in property transactions.
Qualifications
- Bachelor's degree in Real Estate, Business Administration, or a related field.
- 5+ years of experience in real estate sourcing or property management.
- Proven track record of successfully negotiating and closing property deals.
- Strong understanding of real estate markets and property valuation.
- Excellent negotiation and communication skills.
Skills
- Market Research
- Contract Negotiation
- Property Management
- Real Estate Valuation
- Legal Compliance
- Stakeholder Management
- Project Management
- Microsoft Office Suite
- Financial Analysis
Frequently Asked Questions
A Real Estate Sourcing Manager is responsible for identifying and acquiring properties that align with the company's investment strategy. This includes conducting market research, negotiating deals, and building relationships with stakeholders to secure profitable opportunities. They also manage sourcing teams and collaborate closely with the acquisitions and development teams to ensure successful property transactions.
To become a Real Estate Sourcing Manager, candidates typically need a bachelor's degree in real estate, business, or a related field. Experience in real estate sales, property management, or acquisitions is essential. Building a strong network within the real estate industry and enhancing skills in negotiation and market analysis can also be beneficial for career advancement in this role.
The average salary for a Real Estate Sourcing Manager varies depending on factors like location, company size, and the individual's experience. However, it generally falls within a competitive range due to the role's importance in sourcing profitable real estate opportunities. Additional compensation can include bonuses based on performance and successful deals.
A Real Estate Sourcing Manager typically requires a bachelor's degree in real estate, finance, or business administration. Professional experience in real estate, particularly in acquisitions or sourcing, is highly preferred. Skills in negotiation, market analysis, and relationship management are crucial for success in this managerial position.
A Real Estate Sourcing Manager must possess strong analytical skills to assess market trends and property values. Effective communication and negotiation skills are essential for managing stakeholder relationships and closing deals. Responsibilities include overseeing property acquisitions, leading a sourcing team, and ensuring alignment with the organization's objectives for property investment.