Do I need a Transaction Coordinator?

Don’t get caught up in the administrative tasks that could steal time away from lead generating, working with clients and money making tasks.  Hiring a TC can be very financially beneficial to your business and help you stay on track with those deadlines.

Three excuses of why you don’t want to hire a TC:

1.     I’ve had a bad experience working with a TC.

a.     Every TC is different, just like every Realtor is different.

b.     What are the factors that contributed to your bad experienced?

                                               i.         Poor Communication

                                             ii.         Didn’t know what to expect

                                            iii.         No process

2.     I can do the files myself:

a.     Do you ever see agents interning at escrow or title to see how it’s done?

b.     Do you enjoy paperwork?

c.     Are you organized?

d.     Do you like keeping track of deadlines?  Maybe for one transaction, what happens when you get 3 or 4 going at the same time?

Your TC is knowledgeable and you should be able to lean on them for their expertise the way you use your other vendors.

3.     It Costs Too Much:

a.     There are so many upfront costs when it comes to a real estate deal

                                               i.         Photo’s

                                             ii.         Flyers

                                            iii.         Social Media Ads

                                            iv.         Post Cards (Just Listed, Just Sold)

                                              v.         Open House (flyers, snacks)

Any additional costs are definitely not on the top of your list.  But check this out.  

A single transaction can take an agent 15-20 hours to process, so think about this:

What is your time worth?

Do you really want to spend all your time doing all those administrative tasks?

b.     Dragging and dropping signatures

c.     Uploading documents

d.     Missing disclosures

Use your 15-20 hours of valuable time working on getting your next deal.  REMEMBER, most TCs get paid out of escrow and if you don’t get paid, they don’t get paid.  Your TC should be very motivated to help you close the deal.

Start a Transaction Today!

Tina Johnson - Broker - DRE# 01828996

Josie Nabors - Realtor/TC - DRE# 02018305