Agents & Investors — What's the Most Broken Part of Your Transaction Process? (Honest
Hey BP community
I've been deep in research mode lately trying to understand the transaction coordination side of deals; specifically everything that happens between contract execution and closing day.
I’ve had some frustration from my own experience and wanted to see if these match your experience and what else I’m missing from all perspectives (agents, lenders, buyers, sellers, anyone involved with the transaction process.
- Starting from scratch with document packets on every deal even when the transaction type is the same
- Chasing signatures and initials from parties who don't check email
- Coordinating across multiple parties (buyer, seller, lender, title, attorney) who all communicate differently
- Tracking deadlines per transaction across multiple tools
- Not knowing what each party needs until they call you about it or finding out a specific local, state, or federal document is needed after the fact
- Re-entering the same personal/entity information on every contract
- Document storage scattered across email, Dropbox, Google Drive, and text messages
1. Do any of these hits closest to home for you?
2. What else am I missing that's actually worse than anything on this list?
3. What's unique about transactions that makes coordination harder?
Genuinely trying to understand where the real pain is and I’m looking into building an AI integrated solution to make the process better. Appreciate any honest takes, even if it's "the process is fine, you're overthinking it."
- Erich