A transaction coordinator for real estate saves brokers and sales agents valuable hours that can be better used toward growing their business.
Real estate transaction coordinators manage sales closing, including all the time-consuming paperwork, communication, and scheduling tasks.
In this article, we’ll explain how you can sell more homes and work efficiently using a transaction coordinator for real estate.
Work Smarter With a Transaction Coordinator
Let’s explore 4 reasons why working with a real estate transaction coordinator(TC) is a smart business move.
1. A Transaction Coordinator Saves Brokers and Agent Time
A transaction coordinator takes care of many time-consuming tasks of closing transactions. For example, they can assist you with any of the following functions:
- Answering client questions
- Talking with other agents
- Scheduling showings, open houses, and closings
- Working with lenders, title companies, and other professionals
- As well as marketing, lead generation, and other administrative functions
Coordinating with mortgage lenders, home inspectors, surveyors, appraisers, and the title company requires more time and effort than most agents realize.
Not having to handle such tasks allows you to focus on what matters most— selling more homes and growing your business.
This way, working with a virtual transaction coordinator is a competitive advantage over other agents.
If you want to learn more, read this article on what is a real estate transaction coordinator.
2. Statistics on Working With a Real Estate Transaction Coordinator
Transaction coordinators for real estate are an affordable and efficient means of business growth for brokers and sales agents.
The time spent dealing with closing transactions has financial implications for any real estate sales agent.
The hours spent on the telephone, chasing documents, and managing the near-constant emails could be better spent with lead generation and prospecting.
Additionally, using a TC helps shorten the time to close a transaction, meaning a quicker paycheck and happier clients.
There are numerous benefits to working with a transaction coordinator for real estate, including the following:
- 98% of those agents who work with transaction coordinators consistently close more transactions per month compared to those who don’t
- On average, a transaction coordinator for real estate saves agents 12-20 hours per transaction
- 50% of leading real estate brokerages use transaction coordinators reporting the cost and time savings as the reason why
- Agents who utilize transaction coordinators report a 25% increase in productivity
- 95% of clients who worked with a transaction coordinator reported a high level of satisfaction, leading to increased referrals and repeat business
- Transaction coordinators reduce the risk of errors by 80%, protecting the agent’s reputation
- 70% of agents who partnered with a transaction coordinator experienced significant business growth within the first year
Using a transaction coordinator, a broker or sales agent frees up time to sell more properties, find new customers, and perform other tasks that increase profitability.
Read more on 5 ways a transaction coordinator can save you time.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
3. How to Use a TC to Sell More Homes
Working with a transaction coordinator can significantly boost a real estate agent’s sales by streamlining processes, enhancing efficiency, and allowing agents to focus on core revenue-generating activities.
Increased Productivity and Focus: By delegating administrative tasks, agents free up valuable time to focus on what they do best – finding and closing deals. This increased productivity directly translates to more sales opportunities and a higher closing rate.
Improved Client Experience: Transaction coordinators act as a central point of contact, keeping clients informed. Satisfied clients are more likely to refer the agent to others and become repeat customers, leading to a steady stream of future business.
Scalability and Growth: As agents’ businesses grow, transaction coordinators can scale their support to handle an increasing volume of transactions. This enables agents to expand their reach without sacrificing quality of service, ultimately leading to increased sales and a thriving real estate practice.
Overall, partnering with a transaction coordinator demonstrates a commitment to providing exceptional service.
By offering this level of professionalism, you’ll instill confidence in clients, making you stand out from the competition and attracting more potential buyers and sellers.
Here’s more information on can a transaction coordinator post real estate listings.
4. How to Best Prepare Before You Hire a Transaction Coordinator
Before hiring a real estate transaction coordinator, it’s crucial to assess your needs and establish a clear understanding of their role in your business.
Begin by evaluating your current workload and identifying the tasks that consume the most time and resources. This could include managing paperwork, coordinating with clients, scheduling appointments, or handling communication between parties involved.
Next, research the different types of transaction coordinators available. Some specialize in specific areas of real estate, while others offer a more comprehensive range of services. Determining your budget for this service is important, as fees can vary depending on experience and qualifications.
Once you understand your requirements well, start drafting interview questions you will ask any potential transaction coordinator.
Ask about their experience and communication style. Inquire about their familiarity with your systems and how they handle deadlines and unexpected challenges.
Finally, work with a high-quality real estate transaction coordinator service provider. We can even recommend one of the best available.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
Find the Best Transaction Coordinator for Real Estate
Finding the right real estate transaction coordinator doesn’t have to be difficult if you know where to start.
AgentUp will connect you with a highly trained and skilled coordinator who will help close your transactions, freeing up your time to sell more homes.
As a leader in transaction coordination and real estate marketing, AgentUp has developed a talented team of virtual transaction coordinators and real estate assistants.
All of their transaction coordinators for real estate offer the following advantages:
- They are fluent in English
- Know how to use the latest technology
- Undergo 40 hours of training on how the real estate industry works in the US
- And work extremely well remotely across time zones
So, let AgentUp match you with your ideal VA – someone who meets all your business needs.
Schedule a free call today. During this quick consultation, they will listen to your business needs and help pair you with the best virtual transaction coordinator.
Are you looking for TC services for just a few occasional transactions? AgentUp offers a transaction coordination package at competitive prices. They also offer outstanding listing coordination services.
Let AgentUp Help You Sell More Houses
AgentUp offers more than transaction coordination. It is also a full-service real estate marketing company that provides affordable, effective marketing solutions to help you sell your listings and services.
Browse through the following marketing aids that help take your business to the next level:
- AI real estate photo editing
- AI virtual staging
- Virtual tours
- Single property websites
- Custom house portraits
Do you occasionally need to edit a few listing photos? Then, try the AgentUp AI Editing app to edit your images in minutes.
Scan the QR code below to download the app quickly and easily.
Do yourself a favor. Take a moment and explore everything AgentUp offers.
Sign up for a free AgentUp account and let us help you work more efficiently and sell more homes! There’s no obligation, and it takes less than 30 seconds.
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