Transaction coordination provides administrative management of real estate transactions from contract to close, handling the paperwork, deadlines, disclosures, contingencies, and communication among parties that every closing requires, in exchange for a per-transaction fee.
Log in to followI've got a raw acreage purchase under contract, cash, no lender, 90 day due diligence with a survey and a well test in it. My agent offered to put her coordinator on it at $350 an…
I came at this from tools, not paperwork, so the pitch I made was narrow. A guy doing light cosmetic flips, four to six a year plus the occasional wholesale, kept blowing up on th…
An agent I know offered me $350 a file to run her contract-to-close work. She has maybe four or five deals a month. I said yes before working out whether $350 is normal or whether…
I've been coordinating files part time for two agents at a flat $425 per closed file, mostly resale with financing, average 34 days contract to close. That number works because th…
I've been reading TC engagement letters for a few weeks because I'm structuring one for a small operation and I want the indemnity language right before anyone signs. Two patterns…
I've been looking at how people get into TC work and there seem to be two doors. Door one is take an in-house role, salaried or hourly, coordinating for one brokerage or one team.…
Sat through a demo of a transaction platform yesterday. Date calendar builds itself off the executed contract, disclosure packets assemble from templates, e-sign status escalates…
Most of what I buy is raw acreage, cash, no appraisal and no loan. The deadline list that a coordinator would normally run against is largely the lender's, and there isn't one. Wh…
Running the numbers on whether to bring in a coordinator or build the process myself, and the file mix is what makes it awkward. Last twelve months: 9 closings. 5 assignments, 2 d…
I'm about to hire a TC for the first time and the intake form asks whether the coordinator should be introduced to my client as part of the team, with direct email and text access…
Working through the numbers on a coordination practice that's at capacity. Say 34 open files at any time, 13 closings a month, flat $400 per file, so about $5,200 a month gross fr…
My agent uses a coordinator and sent me her client agreement to sign as part of onboarding on a small purchase. I read it twice because that's what I do, and three clauses bother…
I've been pricing out what a one-person contract-to-close setup costs before I quote anyone. What I've found so far: a dedicated transaction management platform, e-signature, some…
I have 11 doors, buying 4 to 6 a year, mostly small multifamily off market. Two cash, the rest DSCR loans. Until last month I've done all the contract-to-close paperwork myself ou…
The paperwork I own as a passive investor isn't the same as an agent's. Subscription docs, entity formation confirmations, insurance certs, lender condition lists that the sponsor…
I run the property management side of a small operation and agents keep telling me I should add coordination as a service line. Before I sell it to anyone I want to understand wha…
I ran the experiment I'd been talking about for months. Two agents, one small investor, 14 files over about five months, flat $300 per file, paid at close. Nine closed, three fell…
Under contract on a 4-unit and my agent mentioned in passing that her transaction coordinator charges $450 and it'll show up on my closing statement. I had assumed a coordinator w…
Small duplex, $186,000, my first financed purchase instead of cash from a partner. I hired a transaction coordinator because everyone said that's how you stop dropping dates. A TC…
Building out a list of who I'd need if I actually start buying, and I've got two names for what looks like one job. The title company has a closer who handles the settlement state…