The real estate world is very competitive– and even that word can possibly be an understatement.
It’s a very active industry, always evolving and constantly changing. At times, it can be difficult to keep up with everything- the demands, trends, clients.
It’s a long list.
Real estate tasks in themselves are tedious. There are just so many factors to consider, so many steps need to be taken from start to finish.
Having to deal with this on a daily basis, on top of building client relationships can prove to be tricky.
Administrative tasks can often have you buried under piles of paperwork and that takes time away from actually meeting prospective clients and closing more sales.
A real estate transaction coordinator, from a company like Close Concierge, can alleviate those extra worries for you so you can focus on what you do best.
What is a real estate transaction coordinator?
A business tends to grow a lot more when specific people are assigned to specific tasks. This way, they can focus on certain duties and together can help bring your business to the top.
In this case, hiring a real estate coordinator can highly affect your chances of success.
But who exactly are they and what do they do?
A real estate transaction coordinator, or a real estate TC, as they are often called, assists real estate agents with a client transaction from start to finish.
The main difference they have from administrative assistants is that they can assist with the paperwork needed to complete a real estate transaction while the former can’t.
This makes hiring a TC a much better and more practical option for you.
Now that we’ve unveiled who a transaction coordinator is, let’s see what tasks they can cover for you.
What does a real estate transaction coordinator do?
- In the transaction procedure, a TC will open the escrow.
- All property inspections and repairs can be planned by your TC.
- TC to come up with a variety of plans on how the repairs will be carried out.
- If you need an extra hand in terms of planning out open house visits, a TC can be of service.
- While you concentrate on negotiations and other sophisticated contacts with others, the transaction coordinator can facilitate basic communications.
- A TC will be focused on the administrative aspect of your business and will not only save you time but also ensure that your chores are completed in a timely manner.
- The TC will be in charge of all documentation needed throughout the entire process. They are to check for any inconsistencies in the contract, making sure that there will be no cause of misunderstanding for you and the client.
- Inform all parties engaged in the transaction on a regular basis.
A real estate transaction coordinator can be involved in as few or as many tasks as you allow them to be. Nevertheless, hiring them will most definitely take tasks away from your plate, giving you more time to attend to more pressing matters.
Having this kind of help will also ensure you have more time to meet and interact with clients, thus giving you the ability to close more deals.
Final thoughts
Go for a transaction coordinator who is credible, detail-oriented, and has meticulous attention to detail. A good example would be TCs from Close Concierge, which goes the extra mile by making sure your clients will receive a prompt response.
They are the only transaction coordinator company that is open to receiving inquiries beyond the usual working hours and even on the weekends.
Now that’s the type of dedication you would want in a partner.