Does maintaining your real estate prospects make you feel like a plate-spinner?
Out of all of the questions you’ve wondered about, what is a transaction coordinator anyway? Between taking care of opening escrow and getting documents signed, real estate agents have plenty of concerns. When they find a transaction coordinator, those worries can lessen while they focus on quarterly goals.
But what does a transaction coordinator do? Where’s the return on investment for hiring someone to juggle the finer details?
Find out how you can benefit by reading the sections below!
Manage Escrow
Ensuring the money is in escrow on time probably drives your thoughts while closing deals. Out of all the complexities involved in selling real estate, this is the most crucial to get correct.
A real estate transaction coordinator can put all of this on autopilot as far as you’re concerned. They can open accounts, collect paperwork, and schedule all the necessary details.
Manage Communication
When you have pending sales in various stages, the mental gymnastics required to keep track can feel exhausting. This impression compounds itself for real estate professionals because some communication has to happen on time or risk losing the deal.
Do you feel like you’re constantly hearing cats when trying to get paperwork signed and shepherd clients through the process? A certified transaction coordinator can take this stress away and it’s one of the biggest benefits of using a transaction coordinator.
Review Purchasing Agreements
Each purchasing agreement requires a significant amount of concentration. Every I needs to be dotted, and each T needs to become crossed without fail. This task can feel nearly impossible after the fog of a long day lands on your shoulders, however.
Out of the long list of binding legal documents you need to contend with daily, this one has to be right and it’s a significant benefit of using a transaction coordinator.
Submit, Review, and Collect eDocuments
How many times have you looked at your DocuSign account and swore out of frustration?
While you’re driving to showings or making connections with new prospects, you don’t always have the time to hound a client about falling behind on their paperwork. Especially while working in highly competitive markets, this can become a daily frustration that goes away after you hire a transaction coordinator.
Prepare for Tax Season
After the madness is complete and you’ve crushed your goals, the unfortunate reality of taxes rears its ugly head.
The good news is that a real estate transaction coordinator will prepare a transaction file as you’re closing deals. With this information, you can plan for optimal tax benefits and prevent yourself from giving more to Uncle Sam than necessary.
What Else Can a Transaction Coordinator Do?
Has this information piqued your interest and you’d like to know more about how to hire a transaction coordinator? It’s clear that any real estate agent can not only save time and money, but drive even more revenue with their assistance.
Contact us today to find out how we can give you all of the benefits above at the best price in the area!
