From Polychromatic
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| - | Though all key Texas markets posted decreases in average occupancy in May possibly, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90.18%.
| + | What Is a Transaction Coordinator? |
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| - | Austin has the highest average rent per square foot as effectively, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in Could. Posting the weakest absorption figures in May possibly was the Houston industry, at -477 units. Austin apartment marketplace occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years
| + | A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include: |
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| - | level. Average rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf higher than last year. Monthly absorption returned to good territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | Dallas/Fort Worth apartment market occupancy was down .17 points more than the month. Presently at 90.18%, occupancy is 1.46 points higher than this time last year. Average rents increased $.001 psf to $.868 psf, and are $.005 psf higher than May possibly 2005 levels. The market absorbed 216 units over the month annual absorption now totals 13,468 units.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | Houston apartment market occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points since this time final year. Rental rates gained $.001 psf in May possibly and are up $.026 psf over the year. Absorption over the month was -477 units nevertheless, more than-the-year absorption remains effectively in the black at 22,628 units.
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. Rental rates posted a decrease of $.002 psf more than the month, but are up $.010 psf given that Might 2005. Absorption was good for the fourth month in a row, at 243 units, although annual absorption stands at three,792 units. Even though all key Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. The lowest occupancy was discovered in Dallas/Fort Worth at 90.18%.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | Austin has the highest typical rent per square foot as well, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was located in San Antonio, which absorbed 243 units in May possibly. Posting the weakest absorption figures in Could was the Houston industry, at -477 units. Austin apartment industry occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above last years
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
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| - | level. Typical rents, at present at $.931 psf, are $.002 psf greater than final month and $.003 psf greater than last year. Monthly absorption returned to positive territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
| + | 6. Frees the agent client up to focus on business building activities. |
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| - | Dallas/Fort Worth apartment industry occupancy was down .17 points more than the month. Presently at 90.18%, occupancy is 1.46 points higher than this time final year. Typical rents elevated $.001 psf to $.868 psf, and are $.005 psf greater than May possibly 2005 levels. The market absorbed 216 units more than the month annual absorption now totals 13,468 units.
| + | In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here: |
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| - | Houston apartment industry occupancy fell .19 points over the month to 90.57%, but has gained three.75 points since this time final year. Rental rates gained $.001 psf in May and are up $.026 psf more than the year. Absorption more than the month was -477 units however, more than-the-year absorption remains well in the black at 22,628 units.
| + | a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions. |
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| - | San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. Rental rates posted a reduce of $.002 psf more than the month, but are up $.010 psf considering that May possibly 2005. Absorption was good for the fourth month in a row, at 243 units, even though annual absorption stands at three,792 units.
| + | b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long. |
Current revision as of 05:16, 9 December 2017
What Is a Transaction Coordinator?
A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:
1. Responsible for processing of all contracts through closing.
2. Coordinating appointments for inspections, appraisals, and closing.
3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
4. Responsible for proper documentation of the file to comply with brokerage policies.
5. Assures that all post-closing disbursements, filing, and procedures take place.
6. Frees the agent client up to focus on business building activities.
In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here:
a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions.
b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long.
