Navigating the Finances: How much does a Real Estate Transaction Coordinators Cost?
In the dynamic realm of real estate transactions, the role of a Transaction Coordinator (TC) is invaluable, ensuring the seamless orchestration of paperwork, timelines, and communication. However, understanding the associated costs of hiring a TC is essential for real estate professionals and clients alike. Let's delve into the typical costs of TC services, examining both licensed and unlicensed options.
Licensed Transaction Coordinators: approx. $750 - $1000 per Transaction
Licensed Transaction Coordinators often command higher fees, ranging from $750 to $1000 per transaction. This pricing reflects their in-depth industry knowledge and ability to provide licensed services.
Licensed TC’s are able to perform tasks like writing contracts, negotiating offers or inspections and generally have weekend availability. However, the more involved they are in the transaction, will reflect an increase in price. While they are able to perform license tasks, they generally are a bit limited on the agents they are able to work with as it starts to become a potential E&O Claim if they are working on transactions that are outside of the Brokerage where their license hangs.
Unlicensed Transaction Coordinators: approx. $200 - $700 per Transaction
On the other hand, unlicensed Transaction Coordinators offer a more budget-friendly option, with fees typically ranging from $200 to $700 per transaction depending on the services/packages. While unlicensed TCs may not possess a real estate license, they excel in transaction management, offering specialized expertise in paperwork organization, timeline coordination, and client communication. The lower cost of hiring an unlicensed TC can be appealing for real estate professionals looking to optimize their expenses without compromising on service quality.
Avenue Transaction's Pricing Model: $350 - $600 per Transaction
At Avenue Transactions, we understand the importance of offering transparent and competitive pricing for our TC services. Our base cost starts at $350 per transaction, providing clients with essential contract to close transaction coordination services to facilitate a smooth real estate journey. For clients seeking additional support or specialized services, we offer customized packages priced at:
$50 for MLS Entry
$200 for our Executive Pre-Listing Package
$200 for Compliance Only, Land or New Construction
$600 for Dual-Sided Transactions
Ensuring that every aspect of the transaction is meticulously managed to perfection. With Avenue Transaction, clients can expect exceptional service at a fair and reasonable cost, tailored to meet their specific needs and preferences.
The cost of hiring a Transaction Coordinator varies depending on factors such as licensing, experience, and the scope of services provided. Whether opting for a licensed TC with a higher fee range or choosing an unlicensed TC for a more budget-friendly option, clients and real estate professionals must weigh their priorities and requirements to find the perfect fit. At Avenue Transaction, we're committed to providing unparalleled TC services at competitive prices, empowering our clients to navigate the complexities of real estate transactions with confidence and ease.
