How to Manage Transactions in Real Estate: A Guide by Carlos Santi

A real estate transaction is the most hectic task. It includes everything from paperwork to deadlines to communication with buyers or sellers. In this blog post, we will make this hectic task easier for you with Carlos Santi's perfect approach. Let us discuss it step-by-step. Stay tuned!

Step-by-step guide to manage real estate transactions

Here is a guide to help you transact hassle-free:

1. Establish Clear Workflows and Roles

Create a comprehensive workflow structure and work accordingly. It will be easier to work like so. Note down each phase of the transaction- listing, under contract, and closing. Write everything in detail so that nothing is left out. Also, assign the tasks to the dedicated person and ensure they complete them before the deadline.

2. Embrace Transaction Management Technology

Do smart work over hard work. Utilize platforms like Dotloop, Paperless Pipeline, or SkySlope to simplify your work. You can automate reminders, simplify communication, and manage document storage without hassle, all while keeping records. Also, they are secure tools, so you need not worry about your data.

3. Organize Documents Effectively

Documentation is necessary; you need to organize it properly. To make it hassle-free, you can name them Property Address Document Type Date. Mark them as Final or to be final to prevent confusion.

4. Communicate Clearly and Consistently

Communication is key; keep the clients and team updated. Maintain regular checks via the transaction platform, meeting deadlines, and getting updates. Transparent communication will build trust and avoid delays.

5. Monitor Progress and Adjust as Needed

Keep track of the progress and work accordingly. Keep a regular check on the transaction timeline and resolve immediately if any issues arise. Adjust tasks to avoid any delays.

Conclusion

Real estate experts can manage their tasks properly if they have clear workflows, useful technology, filed documentation, transparent communication, and regular updating and monitoring. According to Carlos Santi, the real magic of closing is in the systems and not in the panic. A structured management approach is beneficial for both you and your clients.