Table of Contents
- The Advantages of Hiring a Real Estate Transaction Coordinator
- The Statistics on Hiring a Real Estate Transaction Coordinator
- AgentUp TCs Do More Than Just Transaction Management
- Hiring a Real Estate Transaction Coordinator FAQs
- How Do I Find a Real Estate Transaction Coordinator?
Real estate transaction coordinators are trained professionals who assist brokers and agents in bringing to close contracted sales.
A real estate transaction coordinator manages closings’ paperwork, communication, and scheduling, freeing agents to focus on clients and business growth.
Not all agents work with a transaction coordinator, and some wonder whether it is worth the time, effort, and cost.
This post will explore the advantages and costs of working with a real estate transaction coordinator to help answer this question.
The Advantages of Hiring a Real Estate Transaction Coordinator
Managing multiple real estate transactions simultaneously can feel like a high-wire act without a safety net.
There is a mountain of paperwork, relentless deadlines, and constant client communication – all of which can be overwhelming.
That’s where a real estate transaction coordinator (TC) can come to the rescue. But is hiring one worth the investment?
Many agents who’ve worked with TCs report on the many benefits. Let’s explore some of these:
- TCs bring a meticulous eye to detail, helping to prevent costly mistakes that can arise from overlooked paperwork or missed deadlines
- A TC streamlines the transaction process with a systematic approach, saving you time and energy
- With more time to focus on clients, you can provide personalized service that leads to higher customer satisfaction and more referrals
- By handling administrative tasks, a TC can significantly lighten your workload and reduce stress
If you’re feeling overwhelmed, consider hiring a transaction coordinator. It could be the investment that helps you maintain your sanity and grow your business.
For even more information, read what are the benefits of hiring a transaction coordinator.
The above benefits are considerable, but you may still not be convinced. So, please keep reading as we review some statistics.
The Statistics on Hiring a Real Estate Transaction Coordinator
Study after study demonstrates that TCs are an affordable and efficient way for brokers and sales agents to grow their businesses.
First, there’s the benefit of your time and focus. With the time your TC saves you, you can prospect, network, and nurture new client relationships.
Second, the numbers back this up. Take a look at the following findings:
- 98% of those agents who work with transaction coordinators consistently close more transactions per month compared to those who don’t
- On average, a TC saves a sales agent 10 to 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
- 70% of agents who partnered with a transaction coordinator experienced significant business growth within the first year
- 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
The numbers don’t lie. There are significant benefits to working with a real estate transaction coordinator.
Moreover, working with an AgentUp TC has even more benefits. Let us explain why.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
AgentUp TCs Do More Than Just Transaction Management
Across the real estate industry, a typical transaction coordinator manages closing real estate deals.
They spend time scheduling, managing paperwork, communications, and keeping the contracted sale on track for closing. The vast majority of TCs limit their role and function to just this.
But there’s a definite advantage to working with an AgentUp transaction coordinator—they are trained and ready to do everything your business might need.
When an AgentUp transaction coordinator isn’t closing your sales, they are busy helping you find new ones.
An AgentUp transaction coordinator (TC) can help you grow your real estate business when they are not working on an existing transaction. How, you might ask? In the following ways:
- Targeted Neighborhood Mailers: Design and print personalized mailers highlighting your expertise and mail them to specific neighborhoods based on demographic data and target market preferences
- Email and Notecard Campaigns: Create engaging email marketing campaigns and send personalized notecards to clients and referrals to maintain strong relationships
- Create Social Media Content: Develop a consistent social media strategy that aligns with your brand identity to engage your audience and drive traffic to your website
- Regular Blog Posts: Write blog posts that position you as an expert in your field, share your knowledge, industry trends, and best practices to attract potential clients and build trust
- CRM System Management: Maintain your customer relationship management (CRM) system to track leads, contacts, and interactions
- SEO Analysis: Regularly analyze your search engine optimization (SEO) data to identify areas for improvement and optimize your marketing efforts
- Help With Digital Marketing: What’s unique for AgentUp TCs is that they can help you create virtual tours, property websites, home flyers, and house portraits. They can also assist with real estate photo editing, and virtual staging
These marketing activities and other basic administrative tasks can significantly contribute to finding new sellers and building your client base.
Hiring a Real Estate Transaction Coordinator FAQs
Q. How long does it take to hire a real estate transaction coordinator, and what does it cost?
A. Hiring a real estate transaction coordinator is easy and fast.
For example, with a company like AgentUp, you can select per-file transaction coordinator services. Simply upload your documents and indicate your instructions, and your file will be immediately turned over to an experienced, well-trained, in-house TC.
This option is highly affordable, just $299 per file, and it saves you the hassle of having to search, interview, and hire a coordinator on your own.
Are you interested in working with a dedicated real estate transaction coordinator? Here again, AgentUp can help.
After a brief, free telephone consultation, we will match you with a pre-screened, qualified candidate who meets your business needs. Explore our prices for a part-time or full-time real estate transaction coordinator.
Q. What if I don’t have enough transactions to keep my TC busy?
A. As mentioned, AgentUp real estate transaction coordinators are trained to handle more than just transaction tasks. Unlike typical transaction coordinators, they can be assigned ongoing marketing projects such as regular social media posts, blogging, website updates, etc.
Furthermore, virtual workers’ flexibility easily accommodates fluctuating workloads, meaning you don’t have to schedule your TC for a fixed amount or timeframe. Their schedule can adapt to varying business demands.
Q. How easy is it to manage a real estate transaction coordinator?
A. Most TCs hit the ground running and know exactly what to do without much prompting or supervision.
Real estate transaction coordinators are well-trained workers who can handle almost any file or situation. Directing and supervising a TC is as straightforward as sending an email, talking across a chat platform, or conducting a quick Zoom meeting.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
How Do I Find a Real Estate Transaction Coordinator?
AgentUp wants to help you find the right transaction coordinator solutions for your business needs.
To do this, we offer our free, 15-minute telephone consultation, during which we’ll discuss the following:
- Your unique professional and business requirements
- Details on which AgentUp TC service solutions will work best for you
- And we’ll cover the costs of each option
We’re ready to talk business at a time convenient for you.
Schedule a free consultation call today to learn more, including pricing and onboarding details.
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