They can help you open the escrow accounts that keep the money from your buyer safe until you can access it at the end of the closing process. Here’s a more detailed list of all the services they provide: Escrow Management If you have any questions throughout the sale, they are also your go-to point of contact. If any issues come up with the buyer, incorrect paperwork, or concerned third parties, your transaction coordinator can help you through it. They push you along, helping you breeze through the escrow, contingency removal, and closing processes without any hiccups. What does a transaction coordinator actually do?Ī transaction coordinator is there to provide support to sellers throughout the whole property transfer process. So, especially if you already have a buyer interested in your property, using a transaction coordinator instead of a Realtor can provide you with a wealth of situational knowledge while simultaneously saving you from having to pay a steep realtor’s commission. Here's an industry inside tip: Even if you do not hire a transaction coordinator yourself, it is likely that your listing realtor will partner closely with one of these licensed assistants throughout the entire process to make sure that they complete all of your paperwork correctly. Thus, they monitor the entire process for conflict resolution from the time the seller accepts the offer until both parties have signed the closing paperwork and the buyer walks away with the keys. They understand how the flow of forms and money should work. They focus on customer service, administrative tasks, and knowledge support to make sure that everything goes smoothly.Īs they trade in transaction management, these workers usually manage all the paperwork and deadlines involved with selling a home. A real estate transaction coordinator is a neutral third party that helps the seller through the entire real estate transfer process.
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