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Ready to simplify your real estate transactions? Reach out to Coordinated Closings LLC to learn how we can assist you. Whether you have questions or want to schedule a consultation, we’re here to help. Let’s make your next closing seamless and stress-free!
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F.A.Q.
Common Questions
What is a Real Estate Transaction Coordinator (TC)?
A. A Transaction Coordinator is a professional who manages the administrative tasks and communication involved in a real estate transaction from contract to closing. They ensure deadlines are met, paperwork is completed, and everyone stays informed throughout the process.
What services does a Transaction Coordinator provide?
A. Typical services include:
- Managing timelines and contingency deadlines
- Reviewing contracts for completeness
- Coordinating inspections, appraisals, and escrow
- Communicating with all parties (buyers, sellers, lenders, title companies)
- Ensuring all required documents are signed and submitted
- Preparing final closing packages
How does a Transaction Coordinator help real estate agents?
A. A TC allows agents to focus on sales and client relationships by taking care of the administrative and behind-the-scenes tasks. This improves efficiency, reduces errors, and helps ensure a smooth closing.
Is a Transaction Coordinator licensed?
A. Most TCs are not required to be licensed unless they perform specific tasks that require a real estate license in your state. However, they are typically highly trained in real estate contracts, timelines, and compliance.
Do TCs work with buyers or sellers?
A. Transaction Coordinators can assist with both buyer and seller transactions. They tailor their services based on the side of the transaction, managing communication and paperwork accordingly.
When should I bring a TC into the transaction?
A. Ideally, a TC should be brought in once a purchase agreement is signed and the deal goes under contract. This allows them to immediately begin managing the timeline and collecting required documents.
How do you communicate with clients and agents?
A. We use email, phone, and digital transaction platforms to keep everyone updated. You’ll receive regular progress updates, deadline reminders, and copies of key documents throughout the process.
How much does it cost to hire a Transaction Coordinator?
A. How much does it cost to hire a Transaction Coordinator?
Fees vary based on the services offered and the transaction type, but many TCs charge a flat rate per file, typically ranging from $350 to $600. Custom services and rush files may be extra.
Does the Transaction Coordinator attend the closing?
A. No, the TC typically works behind the scenes and does not attend closings. However, they ensure all documents are ready, signed, and delivered to the appropriate parties ahead of time.
What makes your Transaction Coordinator services stand out?
A. We offer personalized service, prompt communication, and attention to detail. In addition to standard coordination, we offer MLS listing support, notary services, and marketing support like flyers and custom branding—making us a one-stop solution for busy real estate professionals.