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Novation Real Estate Transaction
Discover the Power of Novation in Fix-and-Flip Real Estate
Novation offers a game-changing approach for real estate investors, enabling property value enhancement without the need for a traditional purchase. This innovative strategy minimizes seller conflicts while safeguarding profits, providing a seamless and efficient path to success in the fix-and-flip market.
Explore how novation can transform your real estate ventures today.
What To Expect: The Process
At Nationwide TC, we're dedicated to guiding your transactions to a successful finish. Every deal has its unique facets, but our process is designed to accommodate them all. Here's what the process looks like:
Step 1: Initiate Your
Step 2: The Escrow Process Begins
Step 3: Tackling Due Diligence
Step 4: Prepare For Closing
Step 5: Going To Closing
Step 6: Post-Closing Assistance
Step 1: Initiate Your
Submit Your Deal
Submit your details with confidence! We’ll swiftly review and aim to approve within a day. Once greenlit, simply sign our service agreement and kickstart the process with your deposit. Let’s get started!- Submit Your Transaction Details
- Receive Approval Within One Business Day
- Sign Your Service Agreement
- Submit Your Deposit To Begin
Step 2: The Escrow Process Begins
Escrow is Initiated
We ensure every detail of your submission is spot-on. Immediately after, we engage the escrow process, notifying the title company and every participant involved. We’re here to make this step go smooth and efficient for you.
- We Double-check Your Submission For Accuracy
- Escrow Is Initiated With Title or Attorney
- All Relevant Contracts & Addendums Are Dispatched To Every Party
- A Title Report Is Ordered
Step 3: Tackling Due Diligence
Navigating Due Diligence
We meticulously review title reports, identifying any concerns or potential liens, and verify seller details. Our team handles all necessary paperwork and communications, assists with renegotiations logistics, and ensures transparent and regular communication with all parties involved.
- Examine Title Report in Detail
- Identify and Alert Parties on Any Title Concerns
- Facilitate Resolutions & Assist With Any Changes Due To Renegotiations
- Ensure Regular Communication with All Parties
Step 4: Prepare For Closing
Preparing for a Seamless Closing
As the final stretch approaches, our meticulous coordination ensures every detail aligns for a smooth closing. From renegotiations based on title findings to confirming financial arrangements, we make certain everything is set and you’re kept in the loop.
- Renegotiate as Needed
- Facilitate Final Document Preparation
- Review of Settlement Statements & Closing Docs
- Coordinate Notary Arrangements & Confirm Wire Instructions
- Maintain Open Communication with All Parties
Step 5: Going To Closing
Ready for Closing
The final stretch of a transaction is crucial. It’s the time when every document, signature, and the funds need to be in perfect order. At this juncture, we serve as your meticulous coordinator, ensuring that everything is set for a seamless closing.
- Confirm All Documents are Signed, Notarized, and Collected
- Verify Final Funding and Closing Costs
- Ensure Compliance with Closing Instructions and Deadlines
- Coordinate With All Parties For A Solid Close
Step 6: Post-Closing Assistance
Post-Closing Assistance
After sealing the deal, critical details like transferring HOA and insurance info, or setting up loan servicing for creative transactions, mustn’t be overlooked. Our post-closing expertise saves you hours of work, although this invaluable service comes at an additional cost.
- Initiate Third-party Servicing For Subject-to & Seller-financed Loans
- Transfer Mortgage Power of Attorney & Insurance For Creative Financed Deals
- Update HOA Details, If Needed
- Ensure All Post-closure Documentation Is Complete & Compliant
Choose the Perfect Package:
Tailored Solutions for Every Transaction's Unique Needs
From real estate to other creative transactions, our pricing options are tailored to meet diverse needs. Whether you're an industry veteran or a newcomer, we have a package designed to ensure not just a successful close but a definitive, Nationwide TC. Browse the selections below and pinpoint the ideal solution for your unique requirements.
Cash Deal
Buying with cash or hard money means you want things done without any hiccups. Our Transaction Coordination service is designed just for that. We take care of the nitty-gritty, making sure your transaction runs smoothly, and wraps up efficiently. So, while you concentrate on the big picture, we ensure the foundation is solid.
Subject-To, Seller Finance, or Hybrid
For deals where the property is acquired “subject to” the existing mortgage, or through seller financing arrangements, or a combination of both. These options cater to creative financing structures, offering flexibility in how the purchase is structured while ensuring all details are meticulously managed.
Wrap
When an existing financing structure is enveloped with a new mortgage having its own distinct terms, this is known as a wrap. It essentially “wraps around” the current financing. Our wrap service ensures that the intricacies of combining two mortgages are managed seamlessly, safeguarding both parties’ interests in the deal.
Other Services
Novation
Embrace Novation for a fresh fix and flip perspective. It champions a novel real estate route: boosting property values without the traditional buy. Enjoy both safeguarded profits and reduced seller disagreements.
Morby Method
Redefining creative financing, the Morby Method optimizes down payment structures. By smartly leveraging funds, it meets seller demands and can yield a cash surplus post-closing, making it a win-win for every exit strategy.
Self Performing Close
Ideal for unconventional or non-traditional deals, our Self Performing Close service ensures smooth transaction execution. We adapt to unique agreements and specific terms, ensuring your distinct deal progresses seamlessly to closure.
Gator Lending
Navigating quick transactional deals like EMDs and Double Closings? Our TC service ensures precise paperwork handling, protecting both the deal and the Gator’s interests.
Private Money Lending
Transaction coordination tailored for deals with private money lenders, ensuring the integrity of both the deal and lender’s interests.
Servicing Setup
Solid Close will coordinate the setup with a third-party provider to automate payments. This service ensures timely payments to the mortgage company and others like third-party Lenders, Owners, Sellers, etc. Please note that this fee doesn’t cover third-party servicing charges.
Post Closing
A comprehensive post-closing support that spans 30-45 days, ensuring all essential components are in place post-transaction. Including Servicing Setup, HOA transfer coordination, Power of Attorney (POA) setup, Insurance initiation and setup, Mortgage portal setup and information update, Utility setup including water, gas, oil, and electric. Note: This fee doesn’t cover third-party servicing charges and is an add-on fee.
Memorandum
Safeguard your interest in a property transaction. A memorandum filing creates a public record of your agreement, ensuring transparency and providing an added layer of protection against potential disputes or challenges related to the deal. Note: This is an add-on fee.
Rush Fee
For transactions with a swift timeline; when the Close of Escrow (COE) is less than 3 weeks (i.e., 21 days) away. This fee ensures your deal is prioritized and handled efficiently. Please note, weekends and holidays are included in the timeline count.
Not clear on which service to choose or not finding your specific need?
We offer an extensive range of services, far more than we can list here. If you’re uncertain about the best choice or need something unique, don’t hesitate to reach out. We thrive on crafting creative solutions tailored to your needs. Let’s chat and discover how we can assist you!
Service Initiation Notice: To kick-start our comprehensive services, we request a 50% non-refundable deposit. The balance will be settled at closing. Should the transaction not proceed to completion, the pending balance won't be charged. On the rare occasion that unforeseen tasks arise, potential additional charges may apply and will be due immediately, as they are tied to direct operational costs. Rest assured, we'll communicate any such instances upfront, ensuring transparency every step of the way.
Please note: Submitting your details does not guarantee acceptance for processing. Once reviewed and approved, we'll provide you with a service agreement accompanied by an invoice.
Pricing Disclaimer: Please note that all prices are subject to change without notice. We reserve the right to adjust our service prices at any time based on market conditions, operational demands, and other relevant factors. By using our services, you acknowledge and agree to this pricing policy.
By the Numbers: The Impact of Using a Transaction Coordinator
2X
Success Rate
With a T.C., close rates soar to 70% versus 30% without.*
476.92%
Return on Investment
Over 1 year a T.C. helps you earn more.**
20+
Hours Saved
Average deal requires 20+ hours in paperwork and communications.*
* Results/Stats accumulated from our own experiences, a network of Transactional Coordinators, and Title Companies.
** 52 deals a year with an average assignment fee of $15,000.
Frequently Asked Questions
How do I know which service is right for my transaction?
Each transaction is unique. By discussing your deal specifics with us, we can guide you towards the service that best fits your needs.
How does Nationwide TC ensure the security of my transaction data?
At Nationwide TC, we prioritize the confidentiality and security of your data. We employ the latest security technologies and protocols to ensure your information remains protected.
What if I'm new to real estate? Can I still use Nationwide TC?
Absolutely! Whether you're a seasoned investor or just starting out, we're here to simplify the transaction process for you.
Are there any hidden fees?
Transparency is our policy. All costs are communicated upfront. However, unexpected tasks might lead to additional charges, but you'll always be informed in advance.
Why choose Nationwide TC over other transaction coordinators?
Our commitment to excellence, our wide range of services tailored to different deal types, and our focus on building lasting relationships set us apart. We're here not just to close a deal, but to ensure it's a Nationwide TC.
How can I keep track of my transaction's progress?
With Nationwide TC, you'll receive regular updates and have access to a platform (if provided) where you can check the status of your transaction in real time.
Do I need to be tech-savvy to work with Nationwide TC?
Not at all. While our processes utilize modern technology for efficiency, we ensure that our systems are user-friendly and our team is always available to assist you.
Can I introduce Nationwide TC to my preferred partners?
Of course! We believe in collaborative efforts and would be more than happy to work in conjunction with any partners you trust.
How does Nationwide TC stay updated with changing regulations and real estate trends?
Continuous learning is ingrained in our ethos. Our team routinely undergoes training and stays updated with the latest in the real estate world to serve you better.
How do you handle communication with multiple parties involved in a transaction?
We serve as a central hub, ensuring timely and clear communication among all parties. This keeps everyone on the same page and the transaction moving smoothly.
Transaction Coordination Services & More by Nationwide TC
At Nationwide TC, our flagship service—Transaction Coordination—is at the heart of what we do. Every service we offer is meticulously designed to enhance, support, and elevate your real estate deals. While we introduce you to complementary offerings like underwriting and expansive networks, our main objective is to streamline your real estate transactions for maximum success.
Expert Transaction Coordination
Dive into hassle-free real estate deals with Nationwide TC top-tier transaction coordination. We handle every piece of paperwork, every deadline, and every little detail, ensuring your transactions are smooth and compliant.
Stress-Free Process: No more juggling paperwork or missing crucial deadlines.
Complete Compliance: Ensuring all documents are up-to-date and signed by all parties.
Free Up Your Time: Focus on expanding your business; let us handle the details.
Ready for seamless deals?
Tap into A Trusted Lenders' Network
Submit your deal, and we’ll match it with an extensive network of transactional and private money lenders. We find the right financing solution, ensuring a smooth journey from deal submission to funding.
Effortless Financing: We connect your deal to potential lenders, simplifying the process.
Trusted Network: Gain access to our vetted and reliable lenders.
Join as a Lender: Positioned as a lender? Join our network for a steady stream of vetted opportunities.
Need financing solutions?
Get Your Deals in Front of Buyers
Submit your deal, and we’ll present it to an expansive network of investment buyers with precision, matching your property to buyers’s buy-boxes. Let us find the perfect match for your property, ensuring a swift and favorable closing.
Maximized Exposure: Your deal gets showcased to a wide, but highly-targeted, interested audience.
Efficient Closures: Connect with investment buyers keen on lucrative opportunities.
Become a Buyer: Interested in investment opportunities? Join our buyers’ network for a curated list of potential deals.
Have a property to sell?
Start with Nationwide TC Today
Navigating the complexities of transactions shouldn’t slow you down. Let Nationwide TC handle the intricate details, ensuring your deals not only close but close solidly. From expert transaction coordination to diverse deal support, we’re here to streamline your success.