Today we are going to talk about pricing your Transaction Coordinating services and practical steps you can take when making your decision.
This post may contain affiliate links. I receive a small commission if you choose to purchase from my link. I only recommend products I 100% believe in or use myself.People ask me all the time “What should I charge for my Transaction Coordinating services?” If you’ve just found me (Welcome!) and are not quite sure what a Transaction Coordinator is and does check out my blog post here: What is a Virtual Transaction Coordinator. If you haven’t met me yet (Hey!!) my name is Joni and I am the founder of The Transaction Coordinator Bootcamp and a Real Estate Broker since 1987…yes 1987! I help entrepreneurs like you ditch the 9-5 grind, launch, and grow your own Virtual Independent Real Estate Transaction Coordinator business working from home. I have been selling houses for many years and coordinated all my own transactions so I know firsthand what it takes! If you want to learn how to create, launch, and run your own home-based business as an in-demand Virtual Real Estate Transaction Coordinator then you’ve come to the right place!
Not All Transaction Coordinator’s Services Are Created Equal and here's why:Why, do you ask? Let me clarify. I am talking about transaction coordinators that work virtually and have their own business. (Not in-house TC’s that work for a brokerage as an employee). When you’re just starting out it can be challenging trying to figure out how much you are going to charge. You can easily see fees ranging from $300-$500+. So how do you know what to charge?
Start with what services you are going to offer in your transaction coordinating business.Are you going to offer “the basics” or are you going to go above and beyond and offer to schedule appointments during the transaction for home inspections, appraisers, contractors, write up documents and get signatures, be available during non-business hours, write up offers, be available to do a task asap which would pull you away from other tasks at that moment?