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Transaction Coordinator

  What Does a Real Estate Transaction Coordinator Do?

While it may seem like a new idea, the role of a real estate transaction coordinator is growing in popularity. The term is still misunderstood by some, though, and that misunderstanding may prevent many professionals from putting such a powerful ally to work for them.


A real estate transaction coordinator, or a realtor transaction coordinator, is similar to an extremely efficient assistant in a real estate transaction or a project manager. This role covers multiple responsibilities and can make your real estate transaction more efficient and successful than you could imagine.


Realtor Transaction Coordinator Duties


Though different transaction managers may provide different varieties of services, Accurate Transaction provides the following:


-Open Escrow


Many people have heard the word “escrow” but are not clear on what it means. Even those that understand the word’s definition are still unsure of how to open an escrow account or how to manage it.


At Accurate Transactions, we take the confusion away by opening the escrow account, ensuring that the money is placed there, and sending any necessary documents to escrow.


-Set a Timeline and Keep All Parties On Track


From the beginning, we work to provide efficient and timely work and aim to have all other parties do the same. To do so, we work to establish a manageable timeline with everyone involved, including pest control reports, and more.


Throughout the transaction process, we will send out reminders to make sure everyone is following the original timeline. If needed, we will work with other parties by extending their deadlines while remaining as close to the original timeline as possible.


-Obtain and Review All Contracts


At Accurate Transactions, accurate work is our name- literally. We get copies of all documents and contracts to review them for accuracy. We will ensure that everything is filled in properly.


-Ensuring the Signing of Documents


When it is time, we send out documents to the necessary parties for them to sign. Additionally, we make sure that the documents are returned in a timely fashion.


-Deliver Files to Necessary Parties


Throughout the transaction process, Accurate Transactions sends any files to the parties that require them, including the broker, the client, loan documents, and so on. We also ensure that files from parties, such as lenders, are being handled on schedule.


-Provide Updates


We know you want to stay up-to-date on the progress, so we send out weekly updates to keep you and all other parties informed.


-Store Contracts


Accurate Transactions stores all closed transactions indefinitely, so if you need a copy in the future, we can accommodate your needs.
 
Accurate Transactions can help you every step of the way, so if you have any additional real estate transaction needs, we can provide the assistance you need for success.

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