Benefits of Hiring a Transaction Coordinator
The process of buying or selling a home can be stressful. To make the process as smooth as possible, it is important to have someone who will help manage all aspects of the transaction so you can focus on the things that matter – bringing in new business.
Someone who can handle the transaction from start to finish while delivering an exceptional experience is the right kind of leverage you need to take your business to new levels!
What is a Transaction Coordinator?
A Transaction Coordinator is an individual responsible for managing a multitude of administrative tasks necessary in a real estate transaction. They typically work with buyers, sellers, realtors, loan officers, title companies or attorneys, and other real estate professionals to ensure a seamless closing experience for everyone involved.
Real estate transactions are complex and require a lot of attention to detail which is why having dedicated professionals handling these details is extremely critical. The main responsibility of a transaction coordinator is to help facilitate the process of buying or selling real property from the time a contract is executed to closing, utilizing effective communication and transaction management software.
The transaction coordinator also serves as the liaison between the real estate agent and their client to ensure both are kept up to date throughout the entire process. In addition, the transaction coordinator’s duties include tracking deadlines, obtaining compliance documents, scheduling closings and following up on a variety of items needed during a transaction.
Although there will be challenges during a transaction – it’s real estate and its people – the goal of the transaction coordinator is to deliver an exceptional experience.
Benefits of Hiring a Transaction Coordinator
When you work with a real estate transaction coordinator, you can trust that an expert is on your side helping you and your clients get to the closing table.
The transaction coordinators are impartial and work in collaboration with you, meaning, they answer your questions without bias and check the contract thoroughly to ensure you and your client’s interests are being represented.
Another benefit is that they ensure a real estate transaction is coordinated with complete oversight to help reduce potential delays. Real estate extensions could be due to a number of reasons including appraisals, HOA document delivery, delays with contingent properties, probate processes, etc.
Your transaction coordinator manages all of the documents and ensures that deadlines are closely monitored. They facilitate by following up with your client, the other agent, the escrow officer/attorney and the lender to keep the ball moving forward.
A Transaction Coordinator is a key to success in your real estate transaction. A TC with years of industry experience will be able to do a number of things for you including:
A real estate transaction coordinator can be an invaluable asset to any busy agent. You’ve heard the saying that time is money, right? Well, adding a dedicated professional into your business who will take on some of those tasks you don’t have time for or dread doing, frees up more of your valuable time so you can focus on what matters most.
The best part is, when it comes to partnering with an Empower TC as your real estate transaction coordinator, we have the experience, knowledge, and systems already in place to help you and your business.
We are committed to helping make sure everything goes smoothly from start to finish by providing top-quality client care in all facets of a transaction. Talk to us today to get started!