Storage Wins

EP057: Transitioning the Deal to the Transaction Coordinator — Thursday's Q&A


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Alex walks you through the steps he and his team take when they've gotten a buyer under contract, and how his transaction coordinator handles and closes the deal. If you haven't been following along, this episode is the final show in its four-part series, where Alex walks the audience through how his staff processes and closes a qualified lead.

Key Takeaways:

  • Alex's transaction coordinator has a checklist in the CRM system.
  • Alex will get a title and lien search ordered, only after he's gotten a contract signed by the buyer.
  • Normally people get a title and lien search after the seller has signed the contract, but Alex explains why he waits for the buyer first.
  • Make sure you're in constant communication with the seller.
  • If Alex knows a property has an issue, he will communicate that with the buyer and add that into the contract.
  • When you're first starting out, and wearing all the company's hats, heads up — being a transaction coordinator is a full-time job.
  • As the owner of your company, you should be able to take a look at what's in the CRM, and know exactly what's going on, and who is handling it.
  • Alex discusses a time he worked with a seller who was a big ball of nerves. If he didn't have his transaction coordinator there to help walk the seller through the process, the deal would have never gone through.
  • When you close the deal, try to get a video testimonial of the seller.

Mentioned in This Episode:

FlipEmpire.com

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Storage WinsBy Alex Pardo

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