Real estate can be incredibly rewarding, both financially and job satisfaction. It does, however, come with a lot of paperwork headaches that can be difficult to handle.
As one of the fastest-moving fields, real estate can be very stressful. After a lot of hard work, hustle, and phone calls, it’s not uncommon for a deal to fall through just like that, leaving you frustrated and feeling deflated.
As a realtor, you know that paperwork never ends, and there are always countless documents to be created and signed. Spending all your time on paperwork doesn’t make sense as your priority is with your clients.
A professional transaction coordinator can provide valuable assistance.
How Do Transaction Coordinators Help You?
Professional transaction coordinators know that every transaction is different. They can manage the entire real estate transaction process: from the fully executed contract to closing.
In more detail, here’s how a transaction coordinator can help:
- Review the fully-executed contract to ensure completion.
- Create a new transaction file using a transaction management system, including real-time updates.
- Order escrow and title.
- Interface with the selling team to access the property for appraisal and repair.
- Interface with the buyer’s lending team and track and update the progress of loan commitment.
- Monitor contingencies for compliance with the contract.
- Manage the closing process, including following up and following through to ensure a successful closing.
Focus on Your Clients and Your Growing Business
Virtual transaction coordinators have been specifically trained to help you free up to 15 additional hours per week. This means that you no longer have to stress about endless paperwork, and you can remain more relaxed and energetic around your clients. Your transaction coordinator will always be there for your transaction needs.
Establishing a good working relationship with a virtual transaction coordinator can benefit your real estate business in many ways. Over time, you will notice that you become more adept at customer service, selling homes, and doing what you do best. It, therefore, makes a lot of sense to use a virtual transaction coordinator.
How Do I Find a Good Virtual Transaction Coordinator?
Good transaction coordinators understand that each transaction is unique, and they know how to manage the documentation process from start to finish. These professionals are great at time management, following up on deadlines, and working with a wide range of people. It is sometimes hard to find a licensed transaction coordinator. However, unlicensed and professionally-trained transaction coordinators can be as professional and suitable.
Below are a few examples of what to look for in a transaction coordinator:
- Relevant and sufficient real estate experience
- Solid communication and business skills
- Able to make decisions independently
- Highly organized and pays attention to the minor details
- Transaction and process-oriented
- Loyal and reliable
- A good fit with your team’s culture
When The Deal Must Close, Contact Us Today!