Question 1

What does a transaction coordinator do?

Accepted Answer

A transaction coordinator (TC) manages the administrative side of a real estate transaction from contract to closing. This includes opening escrow, coordinating with title companies and lenders, reviewing documents for accuracy, tracking deadlines, facilitating communication between all parties, and ensuring a smooth closing. For investors, a TC handles the paperwork so you can focus on finding and closing more deals.

Question 2

How much does a transaction coordinator cost?

Accepted Answer

Transaction coordinator fees vary based on the complexity of the deal. At MyTC Service, pricing starts at $500 for cash deals, $850 for creative finance deals (subject-to, seller financing), $1,200 for novations, $1,500 for wrap transactions, and up to $2,500 for Morby Method deals and self-performed closings. Volume discounts are available for investors doing multiple transactions per month.

Question 3

Do I need a transaction coordinator for cash deals?

Accepted Answer

Yes, even cash deals benefit from a transaction coordinator. While cash deals are simpler than financed purchases, there are still critical steps that must be handled correctly: opening escrow, ordering title search, reviewing the title commitment for liens or encumbrances, verifying the HUD/settlement statement, coordinating earnest money, and ensuring all documents are properly executed and recorded. A TC ensures nothing falls through the cracks, which protects your investment and speeds up closing.

Question 4

What is the difference between a transaction coordinator and a real estate agent?

Accepted Answer

A real estate agent is licensed to represent buyers or sellers in property transactions, negotiate deals, and provide real estate advice. A transaction coordinator handles the administrative and paperwork side of the transaction after a contract is signed. TCs do not negotiate deals, show properties, or provide real estate advice. They focus exclusively on ensuring the transaction moves from contract to closing smoothly and on time. Many investors use TCs instead of agents because they handle their own deal-finding and negotiation.

Question 5

What types of creative finance deals does MyTC Service handle?

Accepted Answer

MyTC Service specializes in creative finance transaction coordination including subject-to deals, seller financing, hybrid structures, novation agreements, wrap transactions (including insurance and RMLO setup), and the Morby Method. We understand the unique documentation, compliance requirements, and coordination needs of each creative deal structure.

Question 6

How long does transaction coordination take?

Accepted Answer

The timeline depends on the deal type. Cash deals can close in as little as 7-14 days with proper coordination. Creative finance deals typically take 14-30 days depending on the complexity of the structure. MyTC Service maintains a 48-hour average turnaround on initial file setup and maintains consistent communication throughout the process to keep deals on track.

Service	Price
Cash Deal	$500
Standard Creative Deal (Subto / Seller Finance / Hybrid)	$850
Novation	$1,200
Wrap	$1,500
Morby Method	$2,500
Loan Modification Assistance	$2,000
Self-Performed Closing	$2,500
Lending Paperwork	$1,000
Other Document Writeups	$250 / each
Electronic Recording	$70

Real Estate Superheroes

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We Open Escrow

We Coordinate Everything

You Close & Get Paid

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