{"id":3402,"date":"2022-10-13T15:30:10","date_gmt":"2022-10-13T15:30:10","guid":{"rendered":"https:\/\/homepie.com\/articles\/?p=3402"},"modified":"2023-11-30T09:50:14","modified_gmt":"2023-11-30T17:50:14","slug":"benefits-of-using-a-transaction-coordinator","status":"publish","type":"post","link":"https:\/\/homepie.com\/articles\/benefits-of-using-a-transaction-coordinator\/","title":{"rendered":"Benefits of Using a Transaction Coordinator"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Muli|700|||||||&#8221; header_text_color=&#8221;#112a41&#8243; header_font_size=&#8221;50px&#8221; header_font_tablet=&#8221;&#8221; header_font_phone=&#8221;&#8221; header_font_last_edited=&#8221;on|desktop&#8221; header_font_size_tablet=&#8221;42px&#8221; header_font_size_phone=&#8221;30px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><strong>Benefits of Using a Transaction Coordinator<\/strong><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_toggle title=&#8221;TABLE OF CONTENTS (skip ahead)&#8221; open=&#8221;on&#8221; open_toggle_text_color=&#8221;#112a41&#8243; open_toggle_background_color=&#8221;#f3f6f8&#8243; closed_toggle_background_color=&#8221;#f3f6f8&#8243; icon_color=&#8221;#110a41&#8243; open_icon_color=&#8221;#110a41&#8243; content_last_edited=&#8221;off|desktop&#8221; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; title_text_color=&#8221;#112a41&#8243; title_level=&#8221;h4&#8243; title_font=&#8221;Muli|700|||||||&#8221; title_font_size=&#8221;16px&#8221; body_font=&#8221;Muli||||||||&#8221; body_text_color=&#8221;#00df97&#8243; body_link_font=&#8221;Muli||||on|||#112a41|&#8221; body_link_text_color=&#8221;#110a41&#8243; body_font_tablet=&#8221;&#8221; body_font_phone=&#8221;&#8221; body_font_last_edited=&#8221;on|phone&#8221; body_font_size_tablet=&#8221;14px&#8221; body_font_size_phone=&#8221;&#8221; body_font_size_last_edited=&#8221;on|tablet&#8221; body_link_font_last_edited=&#8221;off|desktop&#8221; body_link_font_size_tablet=&#8221;&#8221; body_link_font_size_phone=&#8221;13px&#8221; body_link_font_size_last_edited=&#8221;on|desktop&#8221; border_width_all=&#8221;0px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_spread=&#8221;-18px&#8221; global_colors_info=&#8221;{}&#8221; custom_css_before_last_edited=&#8221;on|phone&#8221; body_link_text_color__hover_enabled=&#8221;on|desktop&#8221; body_link_text_color__hover=&#8221;rgba(0,50,160,0.95)&#8221;]<\/p>\n<p>\u21b3 <a href=\"#What\">What a Transaction Coordinator Can Do<\/a><br \/>\u21b3 <a href=\"#Benefits\">Benefits of Using a Transaction Coordinator<\/a><br \/>\u21b3 <a href=\"#Some\">Some Things to Keep in Mind<\/a><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||3px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/homepie.com\/articles\/wp-content\/uploads\/2022\/10\/Homepie-Benefits-of-Using-a-Transaction-Coordinator.jpg&#8221; alt=&#8221;Benefits of Using a Transaction Coordinator 2022&#8243; title_text=&#8221;Homepie-Benefits-of-Using-a-Transaction-Coordinator&#8221; admin_label=&#8221;Featured Image&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Date&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Muli|500|||||||&#8221; text_text_color=&#8221;#112a41&#8243; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;||7px|||&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\">By <strong>Homepie\u00a0<\/strong> | Published Oct 13, 2022 | <span class=\"et-pb-icon\" style=\"font-size: 15px;\">}<\/span> 4 Minutes<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|1px||||&#8221; custom_padding=&#8221;0px|||1px||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_margin=&#8221;|auto|||false|false&#8221; custom_padding=&#8221;27px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text module_id=&#8221;What-to-Look-for-in-Sell-Your-Home-Yourself-Websites&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 class=\"p1\"><span class=\"s1\"><b>Benefits of Using a Transaction Coordinator<\/b><\/span><\/h2>\n<p><span class=\"s1\">When selling your home, it is usually the real estate agent who deals with the administrative aspects of the selling process. However, when you are selling your own home, you must take on those tasks yourself, such as providing statutorily required seller disclosures. One way to make things easier is to use a transaction coordinator to handle those administrative duties for you. A transaction coordinator offers the seller many benefits, which we will look at now.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;What&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><span class=\"s1\"><b>What a Transaction Coordinator Can Do<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Normally, transaction coordinators are part of the team that works with a real estate agent. So, what happens when you decide to sell your home without using a realtor? One option is to use a company that provides this service, such as <a href=\"https:\/\/homepie.com\/\"><span class=\"s2\">Homepie<\/span><\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A transaction coordinator isn&#8217;t an assistant, but rather someone whose main focus is on making sure that timelines are adhered to, and documentation is accurate and in order. Transaction coordinators communicate with all parties and keep the process flowing. Transaction coordinators handle the following:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><\/span><\/p>\n<ul>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Review your sales agreement to ensure it is fully executed and create the transaction timeline.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Provide all the necessary disclosure documents.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Make sure your documents are submitted on schedule.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Communicate with all parties to ensure everything is handled efficiently and in a timely manner.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Assisting and coordinating the closing process.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Keeping a close eye on periods of contingency and time frames.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\">Providing administrative support.<\/span><span class=\"s1\"><\/span><\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;Benefits&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><span class=\"s1\"><b>Benefits of Using a Transaction Coordinator:<\/b><\/span><\/h2>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;Impact&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><span style=\"text-decoration: underline;\"><span class=\"s1\"><b>Saves You Time<\/b><\/span><\/span><\/h3>\n<p class=\"p1\"><span class=\"s1\">Managing the selling of your home yourself can feel like a full-time job. When using a transaction coordinator, you free up more of your time so that you can focus on other aspects of selling your home, such as looking for a new home, packing, and moving. It can take time to gather <\/span><span class=\"s2\">all of<\/span><span class=\"s1\"> the documentation needed, constantly give updates to all involved, and schedule home visits for potential buyers.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;Housing&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 class=\"p1\"><span style=\"text-decoration: underline;\"><span class=\"s1\"><b>Lessens Chance for Errors<\/b><\/span><\/span><\/h3>\n<p class=\"p1\"><span class=\"s1\">If you have never sold a home and aren&#8217;t familiar with the process, it can open you up to mistakes and omissions. A transaction coordinator makes sure that all of your files are compliant and you have been provided the required documentation. Homepie additionally offers an optional Seller\u2019s Protection Plan that can protect you in the case of complaints from your buyer. This invaluable insurance protects sellers who participate for 360 days with up to $125,000 in coverage. It is errors and omissions insurance that covers you as the seller. Agents have this insurance but it typically only covers the agent and their broker, not the seller directly. <\/span><\/p>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;Buyers&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><span style=\"text-decoration: underline;\"><span class=\"s1\"><b>More Affordable Than Using an Agent<\/b><\/span><\/span><\/h3>\n<p class=\"p1\"><span class=\"s1\">Typically, you could pay somewhere between $450 to $700, depending on your area, to use a transaction coordinator. This is a lot less than the thousands you would be paying in commission when using a real estate agent. It&#8217;s well worth the cost to make sure the process is done correctly and efficiently, and it can take a load off of your mind while saving you time and money. Most real estate agents also utilize a transaction coordinator and often pass on the additional cost to their client in addition to their commission.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;Some&#8221; _builder_version=&#8221;4.17.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 class=\"p1\"><span class=\"s1\"><b>Some Things to Keep in Mind<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">You do need to be realistic when hiring a transaction coordinator because there are some things that they cannot do for you:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><\/span><\/p>\n<ul>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\"><strong>Write a sales contract<\/strong> \u2013 they can prepare sales disclosures but cannot write them. Still, they have all of the knowledge needed to ensure that you are given the necessary documentation.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\"><strong>Negotiate<\/strong> \u2013 while they will speak with all parties involved when it comes to documents and getting signatures, they will not negotiate the terms of your sale.<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><\/span><span class=\"s2\"><strong>Provide Legal or Real Estate Advice<\/strong> \u2013 Transaction Coordinators do not give legal or real estate advice.<\/span><span class=\"s1\"><\/span><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benefits of Using a Transaction Coordinator\u21b3 What a Transaction Coordinator Can Do\u21b3 Benefits of Using a Transaction Coordinator\u21b3 Some Things to Keep in MindBy Homepie\u00a0 | Published Oct 13, 2022 | } 4 MinutesBenefits of Using a Transaction Coordinator When selling your home, it is usually the real estate agent who deals with the administrative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[38,4],"tags":[32,25,33,29,31,60,28,23,26,68,69,70,34,74],"class_list":["post-3402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale-by-owner","category-selling-your-home","tag-california-fsbo","tag-california-real-estate","tag-for-sale-by-owner","tag-for-sale-by-owner-homes","tag-fsbo","tag-fsbo-california","tag-fsbo-homes","tag-home-sellers","tag-homepie-california","tag-housing-market-2022","tag-housing-market-crash","tag-mortgage-rates","tag-real-estate","tag-transaction-coordinator"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits of Using a Transaction Coordinator<\/title>\n<meta name=\"description\" content=\"When selling your home, it is usually the real estate agent who deals with the administrative aspects of the selling process. 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