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REAL ESTATE TRANSACTION MANAGEMENT
by Stephen Hollowell
For a busy real estate agent, there is no typical day-in-the-life. With an ever-changing task list of responsibilities including administrative duties, open houses, lead generation, working with clients, meetings, tours and property closings, every day is different. With such a multitude of tasks and the never-ending stream of paperwork, how is a real estate agent supposed to stay on top of it all?
The key to achieving success in the real estate industry is by maintaining a balance between daily administrative duties and income-producing activities, and the key to realizing this balance is using the right transaction management platform.
Successful Agents Use Transaction Management
Successful real estate agents use transaction management software to automate processes, manage leads, eliminate paperwork and most importantly, free up their time so they can make more money. Many agents have not yet caught on to using real estate transaction management software in their business, but using a web-based platform to manage the transaction process can increase productivity, and help generate more business in less time.
Efficiency & Organization
“Usually you can’t double your business unless you double the hours you work,” said Erik Lovell, CEO of Realty Commander real estate transaction management software. “Using the right transaction management platform will help you increase closings, manage your leads better, and allow you to spend 20% less time on each transaction so you can focus on generating new leads and closing more properties.”
Integrating a transaction management system will eliminate a large amount of paperwork and speed up the processing of each transaction for all parties involved; brokers, buyers, sellers, appraisers and insurers. It allows you to access all of your files and documents in digital form from any place, any time.
Clients will be able to see what developments are being made, eliminating a large amount of paperwork and phone calls to keep them updated. By keeping your clients informed of the processes of each transaction, you will greatly increase client satisfaction, which in turn will boost your reputation as an agent and help you get more referrals.
Ultimately, by eliminating administrative duties and increasing client satisfaction, using transaction management will free up your time so you can get out in the field, generate more leads, and close on more houses.
Competitive Edge
By being more efficient, staying more organized and allowing guest access to your clients to view documents associated with each transaction, you will have a competitive edge over other real estate agents that do not use transaction management. You will be able to better serve your existing clients, and you will have more time to focus on gaining new clients.
Real estate transaction management keeps your files readily accessible from any device (laptop, tablet, smartphone, etc.), and it helps you automate and grow your business by increasing efficiency, organization and communication.
“It is an invaluable tool for me – I’m in it every day,” says Troy Linn, real estate agent at Keller Williams in Bothell, WA, and longtime user of Realty Commander real estate transaction management software. “Whether it’s a traditional, buyer, or short sale (clients), we put them in there from the moment we make contact and identify somebody as a potential lead all the way through closing. Having one place to go and put all of that data to keep it arranged is super helpful.”
Realty Commander
Realty Commander offers agents and brokers the most comprehensive and convenient transaction management solutions on the market. With more than $4 billion in transactions managed, tracking of over 27 million activities, and thousands of users nationwide, Realty Commander offers a complete tool for listings and buyers’ agents.
Realty Commander is both powerful and easy-to-use. With innovative features such as Google Calendar integration, Document Approval, and the upcoming DocuSign and Zillow integrations, Commander stays ahead of the competition by anticipating the needs of its users and meeting and exceeding all expectations.
For more information on Realty Commander, go to http://realtycommander.com/
Stephen Hollowell is the Social Media Specialist at Realty Commander. Stephen has written numerous articles on the real estate industry, real estate marketing practices, and regularly conducts interviews and research to get an inside look at the habits of successful agents. Contact Stephen Hollowell: This email address is being protected from spambots. You need JavaScript enabled to view it.
- See more at: http://realtycommander.com/save-time-increase-earnings-the-benefits-of-real-estate-transaction-management/#sthash.jTuNLPVs.dpuf
