![]() Your clients will be blown away by your customer service once you implement this checklist. This means less hand-holding by you, so you are free to focus on what you do best - and generate new business! They provide each task, from contract to close, in order - the more detailed, the better! This way, your administrative assistant or transaction coordinator has a task for every single to-do that must get done during the transaction. These two transaction coordinator checklist PDFs are included in today’s free download (see below). The Seller Closing Checklist and the Buyer Closing Checklist This can be overwhelming for a new agent (or even for a seasoned agent stuck in a rut)! In fact, it’s a big reason why 33% of agents quit within their first year. Once the transaction closes, it’s crickets, because they stopped trying to generate new business. They get stuck in customer service activities and get away from the income producing activities. The reason people initially get administrative support is because they are too busy servicing current business to make time to go out and generate more business. It’s a lot to keep track of, for anyone! And our trusty transaction coordinator checklist PDF is going to be key to helping you get on top of managing your transactions. But, the fact is, as you have more transactions pending at once, you are going to need some extra help. Different people need administrative support for different reasons, because we all have our own strengths and weaknesses. The main thing that we need help with as real estate agents, team leaders, and brokers, is the handling of transactional duties. There are different reasons to hire administrative support. This is something to deal with right now, not in June when you’re already pulling your hair out. And, in this current market, we have no reason to believe that it won’t ramp up faster and harder this year. It’s always this time of year, as we transition from late Winter to Spring to early Summer, that real estate agents go from “I need listings” to “I need a life!” Things ramp up quickly. ![]() Please work with them on any information they might need to get you to the closing table on time.Ī copy of your executed contract is available for you on .Īs always, give me a call at or shoot me an email if you need anything or have any questions.Why do YOU need a transaction coordinator? You will be contacted soon by the closing agent at. The above must be completed on time to ensure we close on time. Don’t forget to turn all utilities on for this walkthrough. This usually occurs right before the buyer’s signing. The final walkthrough will be scheduled before the buyer’s closing. This signifies the buyer’s mortgage is approved for closing. You will be notified when this is scheduled. Your home appraisal is initiated by the lender to ensure the loan value is supported by an appraised value. The title insurance company discloses to all parties involved in the real estate transaction any defects, liens, and obligations that affect the property. A septic inspection, wind mitigation, and/or a wood-destroying organism (WDO) inspection may be necessary. You do not have to attend, but it is recommended that you do. The Loan Approval is due from the buyer’s lender by.Title Commitment is due by from the title company.Here is a timeline of the important events leading to your closing. Subject Line: Your Home is Under Contract!Ĭongratulations! Your home is under contract.
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