If you’re trying to decide whether you need a real estate agent or a transaction coordinator, we recommend reaching out to our friends at Clever Real Estate. While the transaction coordinator will manage your sale after you’ve struck a deal with the buyer, you won’t have an agent to help you find a buyer or get the best possible deal. If you’re putting your home on the open market, you may end up with regrets about a transaction coordinator’s relatively limited service offerings. But it’s worth noting that the majority of FSBO sellers already know the buyer, suggesting they don’t need much help with marketing or negotiations. Transaction coordinators are popular with “for sale by owner” (FSBO) sellers. By contrast, a transaction coordinator works for a flat fee that’s generally less expensive. The tradeoff is that a real estate agent charges a percentage-based commission. In a nutshell, a real estate agent provides the same services as a transaction coordinator - plus marketing services and help with negotiations. Transaction coordinators Manage contracts for agents so they come together smoothly from contract to close. Real estate agents often hire transaction coordinators to assist with paperwork - but if you don’t feel you need an agent, you can hire a transaction coordinator directly. A transaction coordinator will typically manage your home sale transaction from the time you accept an offer through closing. □ Get started by telling Clever’s licensed concierge team about your home sale! What Is a Transaction Coordinator?Ī transaction coordinator (sometimes called a “TC”) is a real estate professional who manages all the administrative aspects of a real estate transaction. Plus, Clever can help you save thousands, thanks to pre-negotiated listing fees of just 1.5% (a fraction of the standard 3% listing agent commission). If you end up deciding to work with a real estate agent, Clever can also match you with top-rated real estate experts from leading brokers including Keller Williams, RE/MAX, and Century21. Clever offers a free service that provides expert advice and personal introductions to the best real estate professionals in your area. If you’re looking for the best transaction coordinators in your area, our friends at Clever Real Estate can help. A transaction coordinator is a good solution for these home sellers, offering lower fees while still providing basic assistance with: While 90% of home sellers enlist the help of a real estate agent, some prefer less hands-on support. Or, the deal could simply fall apart, leaving you without a buyer. If you miss a detail or fail to complete the paperwork properly, your deal could run into delays, financial penalties, or lawsuits. For many homeowners, this is a stressful prospect. Unless you’ve sold several homes yourself, you probably aren’t familiar with the many legal and financial requirements. When you sell a home, you’ll have to deal with the pressures of negotiating a deal - plus complex legal paperwork that varies by location.
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