Transactly | Blog

Agents: Do You Need a Virtual Assistant or a Transaction Coordinator?

Written by Jacob Ferrer | May 20, 2024 2:00:00 PM

As your client base grows, so should your overall operation.

It’s the nature of business, and trying to do everything alone could actually hurt you, and your business. Hiring a general assistant or outsourcing virtual transaction coordinator services are two options that can quickly grow your business without breaking the bank. The difficult part is deciding which option is a better fit for your business. Take your time to evaluate the pros and cons of each, and decide which would be better for the long-term growth of your business.

General Assistant 

Hiring a general assistant has become increasingly popular in the real estate industry. The benefits of their services are being realized across the country, and more agents decide to invest in one everyday. A general assistant can complete a diverse list of tasks for you. Including social media scheduling, marketing duties, attending to your email, or making routine phone calls. Many assistants even offer a specialized skill set, such as graphic design, that you could put to good use.

When looking for a general assistant, you basically have a couple of choices. Hire someone in-house to work closely with you day to day, or outsource an assistant to work as you need them. Of course hiring someone in-house is the most comprehensive type of assistance you can get, but it also has the heftiest price tag, and you have to decide how to handle benefits, time off, sick days and more.

Outsourcing an assistant can be done in a couple of different ways.

If you need someone like a virtual assistant, Transactly has got you covered!

Tired of spending your days tied to a desk? Are you looking to simplify your workload and increase your productivity? Well…now you can! Our new Virtual Assistant services are here to help you out! From administrative tasks, to lead generation (through marketing and design efforts) and client support services, our professional, and dedicated Virtual Assistants will handle it all! Say goodbye to the long days in the office and say hello to more closed deals and business growth!

Click here for more information: https://transactly.com/hire-a-virtual-assistant

Virtual Transaction Coordinator

Transaction coordinators can be extremely beneficial to any real estate agent. They handle the tasks that are often the least appealing to agents, and those that are not directly revenue generating. These types of tasks do not contribute to the growth of your business, and are therefore, the lowest hanging fruit to be outsourced. 

Virtual transaction coordinator services include managing insurance requirements, ensuring all paperwork is completed properly, opening escrow, and more. You can count on them to handle almost all of the paperwork related tasks for your transactions, but they do not stray outside of those tasks. It is important to realize that the responsibilities of a transaction coordinator are not as flexible as those of a general assistant.  

Of course you could hire an in-house Transaction Coordinator, or you can outsource. Hiring in-house, as with an assistant is the more expensive way to go, but you do get someone by your side. However, if you get busy, they get busy – how do you scale? Hiring a transaction coordinator through our website is simple, and scales up or down with your business. 

Pros of a Transaction Coordinator

  • Gain a partner with years of experience in the real estate industry.
  • Takes non-revenue generating tasks off your plate – to allow you to focus on the things that help you make more money. 
  • Can give you on average 16 hours of your time back per transaction they assist you on.
  • Hiring a service allows you to scale your help up or down with your busiest times.

If you need a Transaction Coordinator, we here at Transactly have got you covered!

Our Transactly Transaction Coordinators go above and beyond - handling all the work for you, saving you up to 16 hours per transaction, so you can spend more time on what matters most. 

Need more information? Check us out here: https://transactly.com

What Tasks Do You Want Taken Off Your Plate?

Ultimately the significant difference between a general assistant and a virtual transaction coordinator is the type of tasks they can take off your plate. Both options will help you increase your productivity and efficiency, so it truly comes down to what tasks you still want to be responsible for. 

-If you don’t want to handle balancing your schedule, monitoring social media, or keeping in touch with your network then a general assistant would be a good fit for you.

-If you want someone with industry experience who can reliably take care of your transactional paperwork then a virtual transaction coordinator is what you are looking for. 

Evaluate what kind of assistance would be most beneficial to you, and your business. Then take action and invest in the help you need. You will be surprised at the relief you feel when some weight is finally lifted off your shoulders.

As always, we here from Transactly would like to thank you guys so, so much for taking the time to read this blog post - your continuous support is always appreciated! For all the latest real estate content, latest news, and more to fuel your daily digest, stay tuned: we'll be getting new blog posts up every Monday, Wednesday, Friday, and Saturday.