Pros
There are a variety of pros to be identified when talking about virtual transaction coordinators. Three of the most prominent ones though are as follows: an increase in productivity, a cost reduction compared to hiring an employee to do the work, and access to an expert in real estate transactions.
Increased Productivity
Virtual real estate transaction coordinators are made famous by their ability to increase your productivity. Regardless of if you are working solo, or on a team. This is possible because they focus all their energy on managing a successful transaction. Thus taking that task off your plate, so you can spend more time devoted to prominent revenue generating tasks. Focusing on tasks such as lead generation, face to face client interaction, and social media management makes you more productive in growing your business at the fastest possible rate.
A virtual transaction coordinator is able to organize your transactions, and all the extensive paperwork involved with them, as well as ensure all scheduling with necessary individuals, such as appraisers, or inspectors is done. Overall they are responsible for taking a significant chunk of administrative duties off your hands. Taking over these duties not only provides you with more time to focus on important business tasks, but also increases your client capacity. With many administrative duties covered you will be able to serve more clients at one time. Giving you the opportunity to significantly increase your profits for the year.
Reduces Costs
As you know, covering the cost of a salary is quite expensive. Not to mention additional costs of a full-time employee such as insurance, holidays, and desk costs. If you are working as a solo agent, or on a small team, hiring a new employee solely to oversee transactions just may not be an option. With virtual transaction coordinators though, you are able to have access to the services of transaction coordinators at a fraction of the cost. You can simply contract a virtual transaction coordinator out for one transaction, or six months worth of transactions. Whatever fits your situation your best.
Expertise in Real Estate Transactions
Virtual real estate transaction coordinators are essentially specialists in real estate transactions. They are able to serve as your go to person for any problem during a transaction. An experienced transaction coordinator will be well versed in many types of complications that could arise during the process. Even if complications don’t arise, real estate transactions can become intricate. No need to worry though if you are working with an experienced transaction coordinator. You can be sure that the complex or tedious aspects of transaction won’t fall through the cracks.
