Why Hiring a Transaction Coordinator is Beneficial at Any Point in Your Real Estate Business

Think transaction coordinators are just for mega agents? That’s a myth. In today’s video and blog, I break down some of the key points on how a transaction coordinator can be the perfect addition for new and experienced agents alike.

There are 3 main things TC’s help ALL of their clients achieve:

• Frees up time

• Helps provide better customer service

• Makes sure you get paid

Now for newer agents, here are a few added benefits:

• You can use your newfound free time for education

  • As a new agent, there are many things about how to successfully close a transaction that you don’t know yet. Use the extra free time you have after hiring a TC to not only prospect, network and brainstorm how to grow your business but also to LEARN. Take extra continuing education or see if there is an agent in your office who is wiling to mentor you. In real estate, there is always more to learn and the more educated you are, the more confident you will feel dealing with those first couple clients.

• An experienced TC can guide YOU through your first few transactions

  • If you are a brand new or newer agent, chances are there are a lot of details to each transaction that you didn’t learn in real estate school. Hiring a transaction coordinator with a detailed and refined checklist (and someone who has done this many times before) gives you an automatic teammate in your back pocket. Someone who will be on top of all the requirements and deadlines you didn’t even know existed. This will help you ensure those first few details make it to closing and you’ll get to learn in the process.

• Adds credibility

  • Most transaction coordinators introduce themselves to your clients as part of your team. This provides almost an instant credibility boost as the client now thinks you are busy/successful/experienced enough to have a team who works underneath you. And as mentioned above, your TC will make sure nothing slips through the cracks, providing an overall better customer experience.

Experienced agents, you aren’t left out! There’s some added benefits for you as well:

• Making sure NOTHING slips through the cracks

  • As a successful agent, you probably have multiple transactions going at once. This means a lot of different people trying to reach you and potentially a lot of missed emails and phone calls. Why not let a transaction coordinator be your liaison for you? A good TC will stay on top of emails and follow up with vendors at every step of the transaction. They will help you be proactive instead of reactive in handling any potential issues.

• Helps you exceed your goals

  • Even if you feel content with your level of transactions and income at this time, are you sure you don’t want more? While you may be juggling everything okay at the moment, hiring a TC for a small fee can provide a great return on investment if you use the extra time to get more clients. You may want to consider a transaction coordinator if your number of closings has become stagnant the past few years.