What is Folio, you ask? It is a transaction check list that keeps me organized and lets my client, the Realtor, know what is happening throughout the transaction process.
Organization is key! Folio takes all the emails that come in to my inbox and organizes them by property address… automatically. You have the option to change that information or correct it, if it is wrong, but it is seldom wrong. I really appreciate this, as I like to have an organized email inbox!
The timeline function is where the checklist is. This is my favorite! I have my own custom timeline for each kind of transaction, seller or buyer. This is done with the templates. The timeline can be further customized with the start of each new transaction by deleting unnecessary items, adding others and adjusting the due dates. As the transaction progresses, I am able to share the progress with my client and, if they wish, their client. I can leave notes, for example… I can mark the Survey/T-47 as “in progress” and make a note that I have received the survey and am facilitating the notarization of the T-47 Affidavit (because I am a Notary Public). Once I have received the T-47, that item is marked as “complete” and the Agent is updated. Folio also sends an email to let me know of upcoming events, such as, “option period ends on ____ date” a couple days before so I can remind my client or check for possible missing items (like a repair amendment or option extension).
I thought it would be helpful to share one of the systems I use to help me communicate and be organized. I hope you find this helpful and if you have any questions, I would be happy to chat!
Please my website for any questions regarding our rates and processes https://coordinatethat.com/