Table of Contents
- Is a Real Estate Transaction Coordinator Worth It?
- The Benefits of Hiring a Transaction Coordinator
- The Smart Way to Hire a Transaction Coordinator
Transaction coordinators help brokers and agents manage contracted real estate transactions so the closing process doesn’t become overwhelming.
A transaction coordinator handles the paperwork, communication, and scheduling to meet the closing deadlines, freeing agents up to focus on clients and business growth.
Not all agents work with a transaction coordinator, and some ask whether it is worth the investment.
To answer that question, this post explores the benefits, costs, and process of working with a transaction coordinator.
Is a Real Estate Transaction Coordinator Worth It?
As a real estate agent, working on multiple transactions at once can feel like herding cats.
The workload can be overwhelming, from piles of paperwork and pressing deadlines to endless client communication and coordination with various parties.
This is where a real estate transaction coordinator (TC) can be a game-changer. But is hiring one worth the investment? Let’s investigate the issue.
The Role of a Transaction Coordinator
A transaction coordinator is a trained professional who oversees the administrative aspects of a real estate transaction, ensuring that the contracted sale reaches closing.
The transaction coordinator manages all the aspects of real estate closings, including the following:
- Communicating with all the parties, including the mortgage lender
- Facilitating contracts and collecting signatures
- Setting up the home inspection and sharing the inspection report
- Kicking off title work and updating title company personnel
- Keeping the agent on the other side of the deal in the loop
- Answering client questions and keeping them informed through the process
To learn more, read what does a transaction coordinator do?
Next, let’s discuss the benefits of working with a transaction coordinator.
The Benefits of Hiring a Transaction Coordinator
Most agents who work with transaction coordinators report that it’s worth the cost and effort.
For example, consider these straightforward benefits of working with a transaction coordinator:
| The careful attention to detail that a TC offers can help prevent costly mistakes that could arise from overlooking paperwork or missing deadlines. |
| A TC brings a systematic approach to the transaction process, streamlining operations and improving efficiency. |
| With more time to focus on clients, you can provide personal service, leading to higher customer satisfaction and referrals. |
| By taking all of the administrative tasks off your work plate, a TC can significantly reduce your stress levels. |
For even more information, read what are the benefits of hiring a transaction coordinator.
The above benefits are considerable, but perhaps the most significant advantage of working with a TC is freeing up your time to focus on revenue-generating activities.
Recent studies show a virtual transaction coordinator could save you 10 to 20 hours per transaction.
The time you save not having to manage the paperwork, endless emails, and scheduling can be better used to expand your business or spend more time doing things you love.
Now, understanding the benefits of working with a transaction coordinator is one thing. Knowing how to hire the right TC for your business is an important consideration.
Let us show you how.
Market Leading
Real Estate Transaction Coordinators
Hand off your transactions, media, and marketing to a real estate TC.
The Smart Way to Hire a Transaction Coordinator
Unfortunately, some agents seeking a transaction coordinator randomly pick a service company or local freelancer. As one would expect, this doesn’t always turn out well.
Working with the wrong TC can be an expensive and time-consuming mistake. Moreover, what agent wants to risk having their transactions mishandled?
Finding a qualified and skilled transaction coordinator isn’t hard, but it does require some forethought and planning.
Thankfully, an industry leader in transaction coordination services is ready to help you for free without any commitment.
Let AgentUp Pair You With the Right Transaction Coordinator for Your Business
AgentUp is a real estate marketing and services leader that has continually delivered innovation and affordable support solutions to brokerages and agents worldwide.
We understand the real estate industry and know how to support sales professionals with affordable marketing and support services, including outstanding transaction coordinators.
While nothing is stopping you from simply hiring out TC services, we suggest you talk with us first. Why? Because we’d like to help you find the exact services and coordinator who will fit your business needs.
We invite you to call us so we can help you get the actual support you need. We offer free 15-minute telephone consultations.
We’ll work with you during this call to find the most affordable and effective services. We do this by covering the following items in our conversation:
- Learning about your business, sales volume, and support needs
- Offering various service options and solutions for you to consider
- Additionally, we carefully explain pricing and onboarding and discuss how to get what you need in an affordable manner
No gimmicks. No sales pressure. We simply listen and offer time-tested suggestions and solutions. There’s no risk or commitment, so take the first step toward affordable business support and growth.
To learn more, call and talk to an AgentUp TC at (888) 982-4368 or schedule a TC consultation.
One more thing! Take advantage of AgentUp’s special offer of $99 to onboard your first transaction.
Market Leading
Real Estate Transaction Coordinators
Hand off your transactions, media, and marketing to a real estate TC.
The Value of AgentUp Transaction Coordinators
We’ve spent a decade building and training a top-tier team of virtual assistants with a deep understanding of the US real estate market.
Our Philippines-based team of transaction coordinators is fluent in English. They have completed several rounds of extensive training, including a 40-hour course on the US real estate market and how it operates.
Our coordinators are experts in paperwork, communication, and deadline management. They’ll cover every detail, reducing stress and minimizing errors.
Each of our well-trained TCs provides the following in terms of support:
File Preparation Services:
| Entire contract and disclosure review for compliance. |
| Introduction email to your client. |
| Secure the buyer’s earnest money deposit. |
Transaction Coordination Services:
| Update the lender and title/attorney about any contract changes. |
| Order title work. |
| Ensure that any HOA documents are obtained. |
| Schedule the inspection and share the report. |
| Coordinate signatures for amendments as needed. |
| Track and remind parties of upcoming deadlines. |
| Follow up with the lender on the status of the appraisal. |
Pre-Closing Preparation:
| Schedule the closing and property walk-through. |
| Keep the clients updated. |
| Review the file for compliance before closing. |
Post-Closing Services:
| Coordinate client closing gift. |
| Send clients utility contact information post-closing. |
| Ensure the agent has all the closing documents. |
| Client Google review and referral follow-up. |
Here’s one more noteworthy fact about our transaction coordinators. They can do it all. They’re happy to help you with administrative and marketing tasks when they’re not focused on your transactions.
As you can see, unlike other TC services, AgentUp truly offers complete transaction coordination services.
So, do yourself a favor and talk with us!
AgentUp Can Help You With Marketing Too!
We know what it takes to sell your listings and your services, and we provide affordable and powerful marketing tools to do just that.
Browse through the following marketing aids designed to boost your bottom line without breaking the bank:
- AI real estate photo editing
- Virtual staging
- Virtual tours
- Property websites
- Custom house portraits
- And virtual assistants
So, look at all we offer – Sign up for a free AgentUp account.
Work With the Best for the Best Results
AgentUp is in business to help real estate sales professionals manage and grow their businesses.
We want to be your partner for success, and we make it easy for you to work with us:
- Our website is user-friendly, and ordering is fast and simple
- We offer robust customer support 24/6 with our US-based support team
- We’re a trusted and proven company that’s been featured on major networks like ABC, CBS, Fox News, and USA Today, as well as in top industry publications and podcasts
We’re here to help you take your business to the next level.
We hope you enjoyed this post. Is a transaction coordinator worth it? Also, take a moment and explore these other related articles:
