Did you know disclosure forms and other technicalities are one of the major reasons why people hesitate to enter the real estate world?
Taking a risk on acquiring a new property is a universal fear that keeps most homeowners tied to their current houses. Even real estate agents have a hard time sealing the deal when disclosures pile up their office desk. That means difficult disclosures like DIA, AVID, and TDS, are often the barriers that prevent you from getting the house of your dreams.
Luckily for you, technology has figured out a way to simplify the process!
Let’s look at a few ways in which transaction management platforms come in handy when you tackle devious disclosures:
1. Efficient Coordinators
First of all, real estate transactions go through a lot of steps. Not only does this impede the process, but it often creates communication gaps between the parties involved. As a consequence, the disclosure documents go through a vicious cycle of passing the parcel.
Now, most real estate agents have an assistant TC who manages the ongoing transactions during the deal. But the TC is usually handling 3-4 projects at a time and so they are bound to slip up occasionally. That is why opting for a transaction management platform is much faster. This efficient software program won’t mix up the disclosure forms and will keep everyone updated throughout the process.
2. Responsible Managers
As we mentioned earlier, transaction coordinators might not be your best option in the real estate world. That’s because their workload makes them vulnerable to mistakes and negligence that could be avoided by their digitized counterpart.
A transaction management platform is designed to diligently supervise every single word in the contract. The software is quick to detect any discrepancy and issue that may arise during your business transactions. This includes anything from missed signatures, to spelling errors, to incomplete submissions.
In short, it ensures that the parties involved won’t find any cause to deny your important application.
3. Portable Transactions
You may argue that some transaction coordinators aren’t irresponsible. You may even quote incidents when they have assisted you during pending projects. We agree to all these reasons and don’t deny the facts. However, a transaction management platform has an edge over your human helpers. And what might that be?
It is the fact that as a virtual platform it gives you the access to all your disclosures whenever you need them. This kind of flexibility comes in handy when you urgently need to look over some paperwork. It also eliminates the hassle of carrying numerous files to negotiation meetings.
Other Benefits Include:
- Notifications for deadlines
- An extensive database to retrieve information
- Constant updates on the progress of your disclosures
On the whole, a transaction management platform literally carries the burden of property deals on its proverbial shoulders. The participants simply adhere to the necessary obligations and watch the clever software close the deals as you click away.