Table of Contents
- The Value of Transaction Coordinator Services
- 8 Low-Cost Transaction Coordinator Services
- Choose the Most Affordable Transaction Coordinator Service
In real estate sales, transaction coordinator services take over once the purchase agreement is signed, handling all the steps to ensure the deal closes.
Closing a real estate transaction takes, on average, 12 to 20 hours of work, if not more. While getting to closing is vital, those hours could be better used for marketing, networking, and growing your real estate sales business.
Some agents are reluctant to work with transaction coordinator services because of the perceived costs.
In this post, we’ll share with you 8 low-cost real estate transaction coordinator services.
But first, let’s explore the value and benefits of using a transaction coordinator service.
The Value of Transaction Coordinator Services
Working with a transaction coordinator service can be an investment in business growth that quickly pays for itself.
A transaction coordinator’s work helps free up valuable time for agents to focus on what truly matters: building relationships and closing deals.
Just in case you’re on the fence concerning the value of transaction coordination services, let’s show you some statistics:
- Agents who rely on transaction coordinator services typically experience a 25% jump in productivity
- 98% of agents who rely on transaction coordinators close more transactions per month compared to those who don’t
- 50% of the leading revenue-generating real estate brokerages use transaction coordinators
- 70% of brokerages who hired transaction coordinator services increased revenue within the first year
- 95% of buyers and sellers prefer having a TC manage their closing
- Real estate transaction coordinator services have 80% fewer errors, saving time and money
This next point is significant. Transaction coordinator services quickly pay for themselves.
How? Let us show you.
Transaction coordinator services handle the time-consuming tasks like paperwork, scheduling, and communication that are part of every real estate closing.
When agents use their time to secure new clients instead of doing busy work, they increase their revenue.
Depending on the transaction coordinator services selected, the costs could range from a few to several hundred dollars. Now, most real estate commissions are typically several thousand dollars.
If transaction coordinator services help you close even one more deal, you will have paid for the TC and still have money left over. Now, imagine if you’re able to close 3 or more transactions. Therefore, transaction coordinator services quickly pay for themself and help grow your bottom line.
For more information, read what are the benefits of hiring a transaction coordinator.
Next, we will examine 8 of the more popular, low-cost transaction coordinator services.
8 Low-Cost Transaction Coordinator Services
We’ve found 8 of the best low-cost real estate transaction coordinator services.
Let’s review them, starting with the most affordable.
1. Agent Up
In first place on our list is AgentUp, a well-known industry leader in real estate transaction coordination services.
AgentUp boasts one of the best-trained transaction coordinator services in the real estate industry. In addition to real-life business experience, each AgentUp TC must complete a 40-hour course on US real estate business practices.
The company offers a full range of transaction coordination services. Agents can check their files anytime, and all parties receive regular communication updates.
AgentUp transaction coordinator services include the following:
- Contract review and compliance oversight
- Regular communication with the lender
- Ensure title work is ordered and any required legal services are obtained
- All party process updates and deadline tracking
- E-signature collection
- Scheduling and coordinating the home inspection
- Client closing gift and requesting a testimonial
- And much more!
Their intuitive website and platform make it easy for you to monitor the progress of your transaction, providing transparency and peace of mind.
Pros:
- Among the most affordable TC service providers available
- Highly trained TCs with years of experience in the US real estate industry
- Part-time and full-time flexible services to meet the needs of a single agent or a large brokerage with equal efficiency
Cons:
- If you’re thinking of hiring an AgentUp dedicated transaction coordinator, act now due to the high demand
Pricing: AgentUp offers both per-file and dedicated transaction coordinator services. Per file transaction coordination starts at $299 per file. Right now, they are offering $50 off your first order.
You can also explore the pricing options for dedicated transaction coordination services.
2. Transactly
Transactly occupies second place on our list of low-cost transaction coordinator services.
According to their website, Transactly TCs receive advanced technical and real estate training on transaction management.
The company also offers transaction management tools, a document storage system, and the ability to track and schedule all transaction communications.
Pros:
- Transactly TCs receive ample real estate transaction management training
- Rates and service costs are affordable
- Full-time, part-time, and project-based TCs are available
Cons:
- Transactly experiences periods of understaffing so that TC service availability may be limited or sporadic
- All services require a monthly subscription whether you need TC services that month or not
Pricing: Prices average around $359 per transaction for 3 transactions a month.
3. TaskBullet
In third place on our list of affordable TC service companies is TaskBullet.
Their messaging emphasizes quick and easy onboarding of virtual employees.
Their competitive pricing and flexible service options make TaskBullet a good choice for small and medium-sized real estate businesses looking for customizable TC service options
Pros:
- User-friendly and informative website
- TaskBullet provides all its TCs with extensive real estate and technical training
- The company has a reputation for its excellent customer service
Cons:
- TaskBullet doesn’t outline or explain their onboarding process
- Their pricing is a bit tricky to understand fully
Pricing: Starting at $220 per month for 20 hours per week.
4. VirtuDesk
Virtudesk is a transaction coordinator service provider based in the United States and is fourth on our list.
A significant player in the virtual workforce industry, the company offers full-time and part-time real estate transaction coordinator services.
Quality assurance is a top priority for Virtudesk, and each of their workers undergoes a comprehensive screening process to ensure they are of the highest quality.
Additionally, they provide ongoing training to their real estate workers, including transaction coordinators.
The combination of screening and training means that Virtudesk virtual transaction coordinators are well-prepared to handle any transaction task.
Pros:
- Virtudesk offers flexible service options. Their TCs are available on full-time, part-time, and per-project basis
- They also offer enterprise staffing solutions for larger brokerages
Cons:
- Virtudesk limits the available hours for their TCs
- Virtudesk engages more than the real estate industry, so some of their TCs may lack seasoned experience
Pricing: Costs run $11 per hour for a full-time 40 hrs/week TC. Their part-time 20 hrs/week TC service starts at $12.30 per hour. Do note, all service packages require a $450 set-up fee at initial signing with a 3-month lock-in period.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
5. Zirtual
Fifth on our list is Zirtual, a global provider of virtual workers, including real estate transaction coordinators.
Zirtual’s real estate transaction coordinators are located in the United States and offer sales professionals business support, document management, process tracking, and communication and scheduling services.
Pros:
- Zirtual is one of the larger companies on our list. Brokers and sales agents should be able to find the TC services they need easily
Cons:
- Do note that Zirtual limits its transaction coordination services to a maximum of 50 hours per month
- Zirtual may be out of the price range of smaller brokerages, and some sales agents
Pricing: Zirtual charges $549 monthly for 12 hours of tasks, making them one of the pricier options.
6. Wishup
Wishup is another virtual employee provider whose services include real estate transaction coordinators.
While it was hard to assess the experience level with real estate transaction services, the company is well-known and well-regarded for its virtual worker services.
Pros:
- Scaleable pricing plans
- An efficient 24-hour hiring and onboarding process
- They’ll replace your virtual TC if you’re not satisfied with their performance
Cons:
- Their virtual workers follow a Monday through Friday schedule, so it may be challenging to find staff for flexible working hours or weekends
- Wishup’s transaction coordinator services aren’t cheap
Pricing: Virtual transaction coordination plans start at $999 a month for the 4-hour-a-week package and $1799 a month for the 8-hour package.
7. Summit VA Solutions
Seventh on our list is Summit VA Solutions, another popular source for real estate transaction coordinator services.
The company’s TC services include standard administrative and communication tasks and scheduling and document management.
Summit VA Solutions offers a wide range of virtual worker services. Their TCs are known as reliable and proficient workers.
Pros:
- Summit’s website and online management platform are intuitive and easy to use
- The company’s transaction coordinators are well-trained with actual real estate industry experience
Cons:
- Real estate transaction coordinator services aren’t Summit’s primary focus
- In terms of cost, their services are among the most expensive on our list
Pricing: Transaction coordinator services start at $1,500 per month.
8. MyOutDesk
Last on our list is MyOutDesk transaction coordinator services.
One advantage of working with this company is that it provides every client with a dedicated account manager to help you secure the exact transaction coordinator services your business needs.
There’s an added bonus – that the company uses its custom-built transaction coordinator software for smooth and easy interaction and tracking.
Pros:
- MyOutDesk customer support is top-notch and quickly resolves any issues and answers any questions
- The company’s TCs are experienced and well-trained professionals with years of industry engagement
Cons:
- MyOutDesk is one of the most expensive on our list
- They don’t offer much in the way of scaled or tailored services
Pricing: Transaction coordinator services start at $1,988 a month.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
Choose the Most Affordable Transaction Coordinator Service
Why not work with the most affordable and best transaction coordinator services?
AgentUp is a trusted leader in the real estate industry. The company and its services have been featured on ABC, Fox News, US Today, and leading industry blogs and podcasts.
Trust AgentUp to connect you with the low-cost transaction coordination services your real estate business needs to grow.
We make getting the right TC services easy.
AgentUp provides a free, no-commitment 15-minute consultation call during which we’ll explain our services, the costs, and which options would be best for your business.
So, take the first step to growing your bottom line – schedule a free call today.
AgentUp also offers affordable real estate marketing services to help you sell your listings and services.
Sign up for a free AgentUp account and explore everything we have to offer to help you grow your business.
Thanks for reading this blog post. We hope it helped you discover some of the most affordable, low-cost transaction coordinator services.
Before you go, you may also want to check out the following related resources:
