Transaction Coordination: An under-utilized asset to the residential real estate industry.

154017 Resource 78647 78558 162077 1167168884166 1204407275588 Controlled Even in Summit County, A Real Estate Transaction Coordinator is an Asset to the Real Estate Business

Good local transactions coordinators know who to call, whether in Breckenridge, Copper or Keystone or in Frisco, Dillon or Silverthorne. Geography is not the issue.

A real estate broker’s responsibilities are many and varied. Not only do they work with buyers, showing them properties for hours over, in some cases, many months, but they also spend large amounts of time networking, seeking clients, securing listings, marketing those listings, and hopefully writing contracts and responding to offers. These are the tasks that the layperson might believe fills the broker’s days. But what about all the work that takes place once a property goes under contract? There are a multitude of details that need to be addressed from ordering title, scheduling the inspection, and securing homeowners association documentation to assuring that disclosure forms, inspection notices and contract amendments are signed and on file. In addition, those pesky dates and deadlines outlined in the contract have serious consequences if not adhered to. Because most brokers prefer working with clients and closing deals, many are learning the benefits of working with a transaction coordinator. The advantages of a transaction coordinator are many: - this individual coordinates with the title company, lender, inspector and cooperating agent. Even more importantly, they “hold the hand” of the buyer or seller. This is invaluable for a first time homebuyer or seller, but also beneficial for a seasoned, hard-to-please client. - the broker knows that there is one person following every detail and every aspect of the contract. - the broker’s time is freed up to focus on their work helping buyers find their property and marketing for their sellers rather than tracking the little details of an under-contract file.The transaction coordinator may take many forms. This person might be an in-house employee earning a salary and per contract bonus, or they may be an independent contractor working off-site on strictly a per contract basis. In Summit County, Colorado for example, real estate is a booming industry. From Breckenridge to Frisco to Dillon, many of the “heavy hitters” employ a transaction coordinator under one of the above scenarios. Clareity Marketing, a firm that provides information technology consulting to the real estate industry, calls the transaction coordinator an underutilized asset to the residential real estate industry. In fact, they wrote an article by this same name. Click <a href="http://www.callclareity.com/2003-tc.cfm">here</a> to view that article and learn more about the growing field of real estate transaction coordination. Ken and Mary Deshaies have used a transaction coordinator for several years, both prior to and since they formed SnowHome Properties. They began when they started doing enough business that it was difficult to keep track of the myriad of details necessary for all their transactions. So, a significant reason for starting this was risk reduction. A transaction coordinator entrusted with tracking deadlines and details relieves them of at least the actual work, even if not the liability itself. It’s brought a great sense of organization to their business. They claim that a couple of the benefits are that they not only sleep better at night, but their clients feel protected and treasured.  9 application/xml false Breckenridge Copper Frisco Keystone real estate real estate broker residential real estate SnowHome Properties Summit County transaction coordinator Transaction Coordination: An under-utilized asset to the residential real estate industry. Organization breeds success - for both agent and client. http://www.callclareity.com/2003-tc.cfm Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 jbrewer 66.198.200.154 false true false false true 205866 false false true false false false true 78647 blog blogsite/SnowHome/web