Benefits of Hiring a Transaction Coordinator

A real estate transaction is full of complex paperwork that differs by city and is impacted by local, state and federal laws. That’s why home sellers often decide to use an agent to manage their sale. Real estate agents typically hire a professional known as a Transaction Coordinator (or TC for short) to help them manage all the paperwork involved in the selling process. So what exactly is a Transaction Coordinator and what do they do?

A Transaction Coordinator is a real estate professional who manages all the paperwork and deadlines involved in a real estate transaction. They are trained in every step of the selling process and are tasked with monitoring progress from the time the seller accepts an offer through the close of escrow.

Unless you’ve sold several homes yourself, chances are you aren’t intimately familiar with the various requirements needed to complete the real estate transaction. If you miss something or fail to complete the paperwork properly, your deal could fall apart, resulting in penalties that could lead to lawsuits.

A Transaction Coordinator will reduce the stress associated with selling a property by:

1. Ensuring everything stays on track throughout the selling process

TCs supervise every stage of a home sale, from a signed contract to closing. Chances are, you’re not intimately familiar with all the deadlines, timelines and clauses that need to be followed during a sale. Let your TC worry about keeping things moving along.

2. Helping you move quickly and seamlessly through the escrow and closing process

If a buyer is slow to send paperwork, a lender is being unresponsive or there’s any other hiccup encountered, your TC will go to work to get