The real estate industry can be incredibly fast-paced and challenging. One of the key struggles that agents face is managing contracts. With multiple properties and numerous contracts, it can be challenging to keep on top of everything. This is where a good contract management system, designed specifically for real estate agents, comes in.
A contract management system is a software solution that helps agents manage contracts effectively. It allows you to streamline the process of creating, editing, and managing contracts, ensuring that you stay on top of everything. Here are some of the reasons why a CRM is a must-have for real estate agencies.
Tools to Keep on Top of Contracts
A good contract management system provides the tools that agents need to stay on top of contracts. With a Contracts Management Dashboard, you can get an instant overview of all existing contracts and their statuses, including any overdue stages of the contract. This means you can quickly identify any contracts that need attention and take action to ensure that they are completed on time.
Creating and Editing Contracts with Ease
A good CRM will allow you to create and edit contracts quickly and easily. Whilst editing a real estate listing, you want to be able to generate or edit the existing contract information with a click of a button. This allows you to create contract information for your listing once it goes under contract.
A purpose-built real estate CRM will give you all this, even allowing you to select your vendor(s), purchaser(s), solicitor(s), once a contract is created, and enter the sale details for that listing.
Keeping Track of Key Dates
As a real estate agent, it's easy to feel overwhelmed when you have multiple contracts to manage and keep track of. It's common for important dates such as finance and settlement dates to slip your mind, potentially leading to missed deadlines and frustrated clients. For example, imagine you have several listings that all have different settlement dates. You may find it difficult to keep track of each one and ensure that everything is on schedule.
This is where a good industry-specific CRM comes in, allowing you to easily keep track of all your contracts in one place. A dashboard will provide you with an instant overview of all existing contracts and their statuses, including any overdue stages of the contract. By keeping track of key dates and deadlines, you can stay on top of your contracts and ensure that you complete them on time, which keeps your clients happy and your business running smoothly.
Managing Everything from a Single Dashboard
A good contract management system for real estate agents should be able to manage everything from a single, easy-to-use dashboard. This includes keeping track of ledgers, sending documents to solicitors, and managing everything else that agents need to manage contracts effectively.
This ensures that all your agents can manage their workload efficiently, without having to switch between different systems or tools.
One Click Settlement
Settlements couldn't be easier with a good purpose built CRM for real estate agents. With a one-click settlement feature, agents can click a single button to automatically check the ledger, trust account, calculate commission and disbursements, generate a statement, and automatically email to all relevant parties. This saves agents a significant amount of time, ensuring that settlements are completed quickly and efficiently.
A good contract management system is a no-brainer for real estate agencies who are ready to streamline their business and buy back more precious time for their agents. It provides the tools that agents need to stay on top of contracts, manage everything from a single dashboard, and ensure that settlements are completed quickly and efficiently. With the right CRM, agents can manage contracts more effectively, saving time and ensuring that nothing falls behind or is forgotten.
Feature Of The Week: Real Estate Contract Management
You now understand the benefits of implementing an industry-specific CRM for real estate agents and business brokers, but you’re overwhelmed as to where to start. This is where MantisProperty’s comprehensive CRM comes in, with a $0 setup fee, 7 day a week support, no cap on users, no lock in contracts, and all the must-have features mentioned in this article.
MantisProperty’s industry-specific CRM is designed to streamline all real estate processes - contract management included - ensuring that nothing falls through the cracks. It allows you to stay on top of contracts, including any overdue stages, and keeps track of key dates such as finance and settlement dates, to ensure everything remains on schedule.
When it comes to settlements, MantisProperty makes it a breeze with their one-click settlement feature. You can check the ledger, calculate commissions and disbursements, generate statements, and automatically email relevant parties with just one click.
If you’re ready to simplify your contract management process and streamline your entire workflow, check out MantisProperty's ultimate CRM solution today: https://www.mantisproperty.com.au/contracts.aspx