Real estate Transaction Coordinator (TC) in the Philippines play a critical role in real estate transactions. They act as a liaison and project manager for all parties involved in the purchase or sale of a property, ensuring that every step from contract to closing runs smoothly and efficiently.
Does your company need to hire a remote offshore, real estate transaction coordinator in the Philippines? If you spend more time in front of the computer than actually speaking to your clients and showing properties, then you should consider hiring a transaction coordinator.
When you outsource the role of transaction coordinator in your real estate business, they take care all of the paperwork and deadlines that are involved in real estate transactions. In addition, they monitor the progress of the sales process from the initial contracts right through to settlement. This includes scheduling and coordinating inspections and appraisals for both buyers and sellers, as well as liaising with buyers, sellers, escrow and various third parties.
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The role of a remote based real estate transaction coordinator in the Philippines can be all encompassing, but it’s a key position that provides your agents with more time to focus on sales. Some of the duties you can expect from a remote based transaction coordinator in the real estate industry include the following:
- Opening escrow and ensuring that the buyer’s money is safely deposited until settlement.
- Liaising with all parties to the sale and coordinating inspections.
- Ensuring that all necessary repairs are completed.
- Confirming that all paperwork is submitted by the required deadlines.
- Coordinating the settlement process.
- Monitoring the contingency period and ensuring that the buyer fulfills their obligations.
- Ensuring that all signatures appear in the designated places on the contracts.
- Sending copies of the contracts to the buyers, sellers and financial providers.
- Creating and managing a web-based transaction file.
- Issuing demand notices to buyers if deadlines are not met in the contingency period.
- Making sure that the loan provider has all the required documentation.
- Documenting all communications between the buyer and seller.
- Ensuring that any taxes are paid by end of settlement.
Benefits of hiring remote transaction coordinators in the Philippines
Streamlining operations in the real estate sector can be significantly facilitated through the employment of remote transaction coordinators in the Philippines. These professionals play a crucial role in managing the complex administrative tasks associated with property transactions, from initial contracts to settlement.
By leveraging technology, they can reduce paperwork, minimize errors and delays, thereby leading to more efficient closings. Their expertise can help boost sales, land stellar referrals, and add valuable time to your life by freeing you from time-consuming administrative tasks.
Utilizing a remote transaction coordinator also offers the benefit of scalability. As your business grows, so can your support team, without the need for additional office space or resources. Additionally, the use of transaction coordination software further streamlines the workflow, automating tasks, and allowing collaboration with external entities like buyers, sellers, and consultants.
In a nutshell, a remote transaction coordinator in the Philippines can be a game-changer for real estate businesses, enhancing productivity, and driving growth.
Building a team of Filipino offshore transaction coordinators
Building a team of offshore transaction coordinators in the Philippines can be a strategic move for real estate businesses looking to streamline their operations and drive growth. Offshore transaction coordinators are professionals who manage the intricate administrative aspects of property transactions, from initial contracts to settlements. They have the expertise to reduce paperwork, minimize errors and delays, thereby streamlining processes and leading to more efficient closings.
Offshore teams offer scalability benefits. As your business expands, your support team can grow without the need for additional office space or resources. Moreover, these professionals are well-versed with technology and can leverage transaction coordination software to automate tasks and facilitate collaboration with external stakeholders like buyers, sellers, and consultants.
Kamel provides dedicated offshore transaction coordinators, promising significant cost savings compared to hiring locally. These coordinators have full experience and expert knowledge of real estate practices, making them an invaluable addition to your team. Therefore, building a team of offshore transaction coordinators can be instrumental in enhancing productivity and driving business growth.
Hire Talented Remote Transaction Coordinators in the Philippines With Outsourced
When you need to hire offshore staff in the Philippines, Kamel manages all the recruitment processes for your company. We present you with a shortlist of suitable candidates, based on your criteria and once you have made your selection, we can also manage all the onboarding processes as well.
In the real estate industry, individuals who share responsibilities akin to those of a transaction coordinator may hold titles such as Closing Coordinator, Escrow Coordinator, Real Estate Assistant, Listing Coordinator, Contract Administrator, Compliance Coordinator, Settlement Coordinator, Real Estate Administrator, Brokerage Coordinator, or Sales Support Coordinator. These roles all contribute to managing various aspects of real estate transactions, from overseeing contract compliance and documentation to facilitating communication between parties and ensuring that the myriad details of buying and selling properties are meticulously coordinated up to the point of final closing.
The team at Kamel has a well-earned reputation for helping companies outsource remote based, professional roles in the Philippines. That’s because hiring offshore staff is a proven strategy that helps companies save a significant amount of time and money, particularly when you consider the costs of hiring locally.
Your full time, dedicated real estate transaction coordinator operates locally at the Kamel state of the art facilities in the Philippines. We supply all the resources and infrastructure they need to fulfil their role with your company. All you need to do is to touch base with them on a daily or weekly basis to supervise their work.
For more information on hiring a remote transaction coordinator for your business or organisation in the Philippines, contact Kamel today.
