What is a Transaction Coordinator?
Transaction coordinators keep real estate deals on track. They take care of the administrative aspects of each transaction—from the initial contract to closing.
A transaction coordinator’s responsibilities are diverse and may vary based on the type of real estate transaction or state regulations. Generally, these professionals handle a wide range of tasks associated with the transactions.
- Communication and Follow-Up
- Contract Management
- Escrow Management
- Document Review and Corrections
- Document and Payment Handling
- Closing Process
Based on the list above, it is fair to say that a real estate transaction coordinator plays a pivotal role in facilitating transactions. Hiring an excellent coordinator allows investors, wholesalers, agents, and buyers to concentrate on their strengths—selling properties.
This helps to:
- Ensure deals close on time.
- Prevent documents from getting lost.
- Increase revenue as you will likely be closing more deals successfully.
Why are They Critical to a Real Estate Business?
Transaction coordinators are crucial in the real estate business, and their demand is high for several reasons. Many businesses, both large and small, either hire in-house transaction coordinators or outsource this role. Initially, individuals in the real estate industry, such as investors, wholesalers, buyers, or agents, often handle transaction coordination themselves due to processing fewer deals and having more time for administrative tasks. Additionally, limited funds may discourage them from hiring a transaction coordinator initially.
However, as their business expands, these individuals find themselves dedicating more time to sales, resulting in increased revenue but less time to manage the transaction process. At this point, hiring a transaction coordinator becomes a compelling option, especially if errors and oversights start to emerge. In-house coordinators are an expensive choice, leading many small but growing real estate businesses to opt for virtual or external transaction coordinators. This provides flexibility, allowing them to pay only for the services they need, preventing potential financial losses during periods without closed deals.
As real estate businesses grow and generate more revenue, there may be a need to hire an in-house transaction coordinator. However, some opt to outsource this role to maintain a singular focus on sales.
This is where we come in!
Our Story
Our company, Koinonia Investment Properties LLC, embodies a commitment to community and shared experiences, as reflected in our name derived from the Greek word “Koinonia,” meaning fellowship and partnership. We firmly believe in collaboration within the real estate industry, recognizing that success requires a collective effort from diverse individuals contributing to real estate transactions.
We recognize the distinct characteristics of creative finance real estate transactions. At Koinonia Investment Properties LLC, we operate as a dedicated partner, addressing the unique needs of investors, wholesalers, agents, and buyers through a comprehensive support system that extends from the initial stages to the closing of escrow. Effective communication among stakeholders is paramount to our approach.
Our proficiency and adaptability shine through as we navigate various types of creative real estate transactions. Drawing on our diverse experiences and expertise, we position ourselves as key players in the real estate arena, ensuring the smooth closure of transactions and contributing to the success of our clients and partners.
Transaction Coordinator Services
Whether you are buying or selling a property or you are a real estate professional seeking transaction coordination assistance, rely on us to manage the entire process seamlessly from start to finish.
Cash Transactions
This entails both cash transactions without lender involvement and conventional real estate deals for agents or brokerages.
Subject-to Deals
Buyer acquires a property, taking ownership subject to the seller’s existing lien. Mortgage remains under the seller’s name.
Seller Finance Deals
Seller assumes the role of the lender, financing the buyer’s purchase. The seller will charge interest charges and require a down payment.
Hybrid Deals
It involves a combination of different financing structures, such as a deal that includes both subject-to and seller financing.
Wrap Around Mortgages
A transaction where an existing mortgage is retained and a new mortgage with different terms is created to encompass both the existing mortgage and the new loan. All stakeholders benefit from a “wrap.”
Contract For Deed
Contract For Deed also known as
Land Contract.The seller finances the purchase for the buyer, and the buyer makes regular payments to the seller over time. The buyer gains equitable title to the property, while seller retains the legal title until the purchase price is fully paid.
Lending Paperwork
earnest money deposit (EMD), transactional lending, or
private money lending (PML).
Lending EMD & PML
If you are interested in Earnest Money Deposit or Private Money Lending, contact us.
Loan Servicing Setup
We facilitate and coordinate the setup of a third-party loan servicing company. Their role includes tracking and recording payments as well as managing escrow accounts. This does not include servicing company setup fees.
Seller Walk-Through
We explain transaction documents to Seller when clarification is necessary.
One-to-One Consultation
Experience a one-to-one consultation with an expert Transaction Coordinator. Enjoy a complimentary 20-minute consultation.
Post Close Set Up
The overall process can take 30-45 days with close follow-up. After closing the deal, additional steps include HOA transfer, handling POA, and setting up insurance and utilities such as water, gas, or electric.
Why Choose Us?
Our vision is about building community. It goes beyond just facilitating transactions. We not only offer outstanding customer service but also handle inquiries, resolve concerns, and aim for overall satisfaction. Our objective is to cultivate enduring relationships with our clients, contributing to the positive reputation of both our business and yours.
Here is why choosing us is your key to success:
Expert Guidance: Benefit from our specialized skills in creative finance transaction coordination. Our meticulous attention to detail, logical and process-driven approach, along with effective communication skills, ensures a smooth transaction.
Comprehensive Support System: Our commitment extends beyond the transaction process. Whether you’re an investor, wholesaler, agent, or buyer, our services are tailored to meet your diverse needs.
Professionalism and Reliability: At Koinonia Investment Properties LLC, we uphold core values of professionalism and dependability. Count on us for a journey marked by trust, integrity, and an unwavering dedication to achieving unparalleled success in your real estate endeavors.
Price List
Initiating this process is as easy as a 50% non-refundable deposit. It ensures our team begins work on the initial steps of your real estate transaction, maintaining a smooth workflow throughout the entire escrow period. Services not listed will be evaluated case by case. Ask about our available packages!
| Service | Price | Duration | Category |
|---|---|---|---|
| Cash Transactions | 800.00 | 0:20 | Transactional Coordination |
| Subject-to Deals | 1000.00 | 0:20 | Transactional Coordination |
| Seller Finance | 1000.00 | 0:20 | Transactional Coordination |
| Hybrid Deals | 1350.00 | 0:20 | Transactional Coordination |
| Wraparound Mortgages | 1650.00 | 0:20 | Transactional Coordination |
| Contract for Deed (Land Contracts) | 1650.00 | 0:20 | Transactional Coordination |
| Lending Paperwork (EMD & PML) | 0.00 | 0:20 | Transactional Coordination |
| Loan Servicing Setup | 500.00 | 0:20 | Transactional Coordination |
| Seller Walk-Through | 100.00 | 0:20 | Transactional Coordination |
| One-to-One Consultation | 0.00 | 0:20 | Transactional Coordination |
| Post Close Set Up | 1200.00 | 0:20 | Transactional Coordination |
| Document Writeup Assistance | 250.00 | 0:20 | Transactional Coordination |
| EMD/PML Funding | 0.00 | 0:20 | EMD/PML Funding |
Book Now
We are your dedicated partner for seamless real estate transaction coordination. Whether you are buying, selling, or investing, rely on us for a straightforward path to closing your transaction.
Book your 20-minute FREE consultation today!
Contact Us
Feel free to get in touch with us – we are here to support you on your path to success. Whether you have questions about our services, wish to explore potential collaborations, or just need more information, our team is prepared to engage with you.
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Monday – Saturday: 8 AM – 5 PM (PST)
Legal Disclaimer: While we strive to adhere to industry standards and legal mandates, it is crucial to note that we do not offer legal advice or representation. Our services should not be considered a replacement for professional guidance from a qualified attorney. Clients are encouraged to independently seek legal and professional advice for addressing specific concerns related to their real estate transactions. We explicitly disclaim any liability for actions taken or omitted based on the information provided, services rendered, or documentation prepared on behalf of our clients.
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