Table of Contents
- The Advantages of Partnering With Virtual Workers
- Time Zones and Virtual Real Estate Transaction Coordinators
- AgentUp Virtual Real Estate Transaction Coordinators
A real estate transaction coordinator who works virtually doesn’t have the same restrictions as in-office staff.
A virtual real estate transaction coordinator operating remotely can work any time and from anywhere, even across time zones.
Some real estate sales professionals are reluctant to hire overseas virtual workers, worrying they’ll be unable to coordinate schedules.
This article will explain the advantages of working with a virtual real estate transaction coordinator (TC) and how time zones don’t matter.
Let’s start by looking at some benefits of working with remote or virtual workers.
The Advantages of Partnering With Virtual Workers
Real estate professionals often assume that in-office transaction coordinator is superior to a virtual one.
However, this perception quickly shifts when they realize the substantial cost savings of remote work. Beyond salary, expenses like benefits, office space, and tech equipment promptly add up.
Studies consistently highlight the advantages of virtual workers, including increased productivity and significant cost reductions for employers. Take a look at these numbers:
- Over 70% of employers claim that virtual workers cost them significantly less than in-house staff
- Virtual workers don’t need to commute or deal with the distractions of a work office. This makes virtual workers 4.4% more productive on average than their in-office counterparts
What about virtual workers in the real estate industry? Here are some numbers from a survey of brokerages:
- Over 50% of the top real estate brokerages rely on virtual transaction coordinators due to the many benefits
- 35% of all real estate transaction coordinators are virtual or remote workers, and that number is expected to double by 2027
- Virtual real estate transaction coordinators are 55% less likely to switch jobs than in-house TCs
Additionally, transaction coordination benefits from the limited distractions, allowing the TC to focus on the many details of the sales process.
Further, modern technology enables seamless collaboration, often making virtual coordinators more accessible than their in-office counterparts.
A virtual TC can easily manage all aspects of real estate closings, including the following:
- Maintaining contact with the lender
- Ensuring contract facilitation and signing
- Scheduling any inspections and sharing the results
- Coordinating title work and updating title company personnel
- Providing updates to the agent on the other side of the deal
- Answering client questions and keeping them informed through the process
If you’d like more details on the role of a TC, read what is a real estate transaction coordinator.
Next, let’s talk about the impact of time zones on virtual workers.
Time Zones and Virtual Real Estate Transaction Coordinators
The digital age has revolutionized numerous industries, and real estate is no exception.
In this context, time zone differences, once considered a significant hurdle, have become largely irrelevant.
Let’s examine this issue in more detail.
The Nature of Virtual Real Estate Transaction Coordination Work
Virtual TCs primarily operate online, utilizing various tools and platforms to manage real estate transactions. This work model inherently transcends traditional office hours and physical locations.
As long as a TC can effectively communicate and coordinate tasks with clients and stakeholders, their work can be completed regardless of the time on the clock.
Sometimes, the time zone difference adds productive hours, essentially lengthening the workday.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
Flexibility and Anytime Communication
Virtual TCs typically enjoy flexible work schedules, allowing them to adapt their hours to their clients’ needs and preferences.
Communication tools such as email, project management software, and shared document platforms facilitate seamless collaboration even when parties are not working simultaneously.
Various technological solutions further minimize the impact of time zone differences. Scheduling tools can help coordinate meetings and calls across time zones, while instant messaging platforms enable quick communication and clarification when needed.
Unlike a phone call, you need not worry that you’ll interrupt a worker’s evening or sleep with an email or chat message.
This flexibility accommodates time zone differences and enhances work-life balance for agents and their TCs.
Focus on Deliverables and Deadlines
The success of a virtual TC hinges on their ability to meet deadlines and deliver high-quality work. Without office and other distractions, a virtual real estate transaction coordinator can focus intently on the tasks at hand.
Again, in this way, time zone differences become secondary to the timely completion of tasks and adherence to project timelines.
As long as TCs can manage their workflow efficiently and communicate effectively, their location and time zone are primarily irrelevant to their overall performance.
Are you worried that you might be unable to access a document or information when needed? Cloud-based document storage and collaboration platforms ensure that all parties can access the latest information regardless of location.
As long as TCs are transparent about their working hours and responsive to communication, clients are typically adaptable and understand the unique challenges of virtual collaboration.
As the real estate industry evolves, virtual TCs will play an even more significant role, demonstrating that geographical and time boundaries are no longer barriers to successful collaboration.
Now, as we begin to wrap up, let us share with you the best way to hire a talented and well-trained real estate transaction coordinator.
Market Leading
Real Estate Virtual Assistants
Hand off your transactions, media, and marketing to a real estate VA.
AgentUp Virtual Real Estate Transaction Coordinators
Successful agents know that the advantage of using a virtual real estate transaction coordinator is that it frees them to do what they do best: find more clients and conduct more sales.
Even better, a virtual transaction coordinator is affordable and will more than pay for themselves through enhanced productivity. Recent studies show that a virtual transaction coordinator could save you could save you 10 to 20 hours per transaction.
The hours saved on paperwork, endless emails, and constant scheduling would be better used to expand your business or spend more time doing things you love.
Now, here’s some good news. It’s not hard to find the right virtual transaction coordinator. Where should you start? Partner with AgentUp.
AgentUp will connect you with a highly trained virtual real estate transaction coordinator.
They have built a talented team of virtual transaction coordinators who have undergone extensive real estate training, are fluent in English, and are adept at working across time zones.
So, do yourself a favor and reach out to AgentUp.
Schedule a free call during which we’ll discuss your business needs and explain the process, answer your questions, and go over the costs.
AgentUp Also Does Real Estate Marketing
While transaction coordination is vital for closing sales, AgentUp also offers powerful and practical marketing tools to help you sell your listings and services.
Take a moment and explore everything AgentUp offers to help you grow your business:
- AI real estate photo editing
- AI virtual staging
- Virtual tours
- Single property websites
- Custom house portraits
Finally, before you go, download the free AgentUp AI Editing app – it makes it easy to edit a few listing photos in minutes.
Simply scan the QR code below:
So, what are you waiting for?
Sign up for a free AgentUp account today and check out ways to improve your sales and grow your business.
We hope you liked this post on why time zone differences don’t matter for a virtual real estate transaction coordinator. Also, check out these other related articles:
