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 followAn 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…
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…
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…
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…
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…
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…
I keep 9 to 11 files open at once, mostly assignments with a few double closes, and I pay my coordinator $500 a file. She is good. She is also, over the last stretch, doing things…
Rural market, and my typical sale price is under $100k. Take a $95,000 sale at 2.5% to the listing side. That's $2,375 gross, and after the broker split there's roughly $1,600 lan…
Running the numbers on my coordination line and the fall-through rate is what's breaking it. Last four quarters I've opened right around 40 files a quarter and roughly 7 of them c…