Recognize the value of real estate transaction coordinator companies and their services. This article will elaborate on the following key points:
A real estate transaction coordinator is a professional who assists a real estate agent in performing various administrative duties. In a nutshell, this role handles all the tasks from the creation of contracts to settlements.
The coordinator highly contributes to the success of real estate businesses by providing the utmost support throughout the transaction process. A real estate transaction coordinator handles the contracts while you focus on building relationships with clients.
This function requires having a keen eye for details as they manage tasks and ensures compliance to minimize legal risks. At the same time, help you resolve time-consuming administrative functions.
Generally, a coordinator gives you more time to convert leads and focus on all the essential projects. Hiring a virtual real estate transaction coordinator is ideal since they can perform the majority of the tasks online. Outsourcing in the Philippines offers a more cost-efficient solution than hiring locally for other firms.
In the real estate business, a transaction coordinator can bring several important benefits to a company’s success. You may not have sufficient time to attend to vital aspects of relationship-building. As crucial as it is to finalize contracts and transfer funds to escrow, numerous other business-related tasks require your attention.
Having a partner on hand to assist you in handling your real estate transactions can make a huge difference. Here’s why we highly recommend hiring a real estate transaction coordinator:
This function will relieve all the challenges that you might come across when working. In general, a real estate transaction coordinator is essential for improving business efficiency and streamlining processes. This allows agents to focus on core tasks, increasing productivity and smoother transactions.
We at ShoreAgents understand your business needs and help you achieve them by providing the best staffing solutions. You can outline the job description and tailor it according to your requirements. Our success team will take care of the tedious recruitment process on your behalf and help you find the best candidates.
Some of the primary tasks of a real estate coordinator include client support, scheduling property inspections, and managing counteroffers among others. The services of a real estate transaction coordinator are essential to your company’s success.
When it comes to real estate transaction processes, the USA and Australia have distinct approaches. In Australia, trust accounts are an integral part of the real estate industry. These accounts serve as a secure mechanism to hold and manage funds during real estate transactions.
While in the USA, real estate transactions typically handle the equivalent of trust accounts through the use of escrow accounts. Escrow accounts securely hold funds and documents during the transaction process, ensuring their safekeeping.
This is where the services of a real estate transaction coordinator can assist you with. Running a business involves juggling multiple tasks at once, leaving little time for managing smaller details in the workplace. Your coordinator will manage whatever you wish to complete and prevent you from wasting all your time. Here are some of the common duties fulfilled by a real estate transaction coordinator:
These tasks might sound small, but they add up to something major. You have to ensure these are accurate and sensible. We’ll help you here at ShoreAgents in managing all of these functions and much more.
You can ask a real estate transaction coordinator to see what one can do for your needs. Our coordinators at ShoreAgents have full experience and expert knowledge of real estate practices in the USA, Canada, and other countries. You can hire one agent, a team, or a workforce – depending on your business needs and preferences.
In the real estate industry, the decision to hire a transaction coordinator can impact the efficiency and success of your business. One crucial choice to make is whether to opt for an outsourced real estate transaction coordinator or hire locally. Each option comes with its own set of advantages and considerations:
|Local Transaction Coordinator||Outsourced Virtual |
Transaction Coordinator through ShoreAgents
|Access to a larger talent pool with specialized expertise|
|Higher labor costs|
|Potential language barriers|
|Limited availability if the market is competitive|
|Structured Work Environment|
In addition to this, an outsourced virtual transaction coordinator does not have to work in your office. ShoreAgents has a fully functional office for our real estate workers based in the Philippines. Since the country offers low costs of living, the labor costs are low compared to hiring locally. You can even have the option to hire two to three coordinators at the expense of one!
We also offer all the necessary work equipment and high-quality online connections for seamless workplace operations.
Outsourcing a virtual coordinator is an ideal low-cost alternative to hiring locally. Hiring offshore can be critical to your budget. You’ll need to save money to ensure you can support more activities in the workplace. Similarly, hiring a real estate virtual assistant from ShoreAgents can make a world of difference.
There are various factors affecting the salary of a real estate transaction coordinator. But the main determinant is their location. For instance, in the USA, you can expect to pay around $56,000 USD yearly. This excludes other associated costs such as insurance and government charges.
On the other hand, the cost is less than half the total when you outsource a virtual coordinator. In fact, you can hire a real estate professional in the Philippines for $19,796 USD a year on average. This already includes government taxes, insurance, and ShoreAgents’ fees.
You can trust our staff at ShoreAgents with your transaction management efforts without breaking the bank. The price of a virtual real estate assistant is certainly tailored to help you achieve cost savings.
For informed hiring decisions, here is a comparison of the annual expenses for hiring a real estate transaction coordinator:
|Countries||Local VA||Freelanced PH||ShoreAgents|
|USA||$56,674 USD||$70,560 USD||$19,796 USD|
|Australia||$94,141 AUD||$96,768 AUD||$29,385 AUD|
|New Zealand||$97,000 NZD||$86,688 NZD||$31,841 NZD|
|Canada||$57,500 CAD||$58,464 CAD||$26,135 CAD|
|United Kingdom||£29,203 GBP||£28,224 GBP||£16,420 GBP|
|Singapore||$48,282 SGD||$54,432 SGD||$27,070 SGD|