Transaction Coordinator Tasks

Hiring a Transaction Coordinator (TC) is a matter of considerable help/importance to the FSBO seller.
Below are some elemental tasks that the TC will perform.
Tasks of particular importance are in bold.

Phase 1: Pre-Contract Setup
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  • Create transaction file
  • Verify buyer & seller information
  • Prepare disclosures and addenda
  • Route offer documents for signatures
Phase 2: Contract Acceptance
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  • Verify fully executed contract
  • Calendar all contract deadlines
  • Confirm earnest money receipt
Phase 3: Escrow & Title Opening
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  • Open escrow / title
  • Send contract to title
  • Order title report
Phase 4: Inspection Period
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  • Track inspection deadline
  • Coordinate inspections
  • Route repair addenda
Phase 5: Financing & Appraisal
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  • Track loan contingency
  • Coordinate appraisal
Phase 6: Pre-Closing
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  • Confirm clear to close
  • Schedule final walkthrough
Phase 7: Closing & Post-Closing
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  • Confirm funding & recording
  • Archive transaction

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