Closing made simple.
We have a team of attorneys that work on every sale and we come to you, so you can close anywhere & anytime! With our REAL REBATE® we give you up to 20% of your title policy premium at closing.
The Artesian difference
We will come to you to close anywhere & anytime! One of our Concierge Closers will explain every document you sign. This service is complimentary. If you prefer to close at one of our offices, we have many to choose from throughout Florida.
We have a team of attorneys that work on each purchase and sale. (Most Title Companies only have title agents, and most law firms have paralegals do the work). Combined, our team has closed 30,000+ properties.
Real Rebate and Price Match Guarantee
We are the only Title Company to offer you the Real Rebate® – a rebate of up to 20% of your title policy premium given to you at closing. We also provide our Price Match Guarantee and will match or beat any other title company’s combined fee for Owner’s Title Insurance policy premium and closing/settlement fee.
Who picks the title company in a Real Estate transaction in Florida?
Does the Seller always pay for Florida title Insurance?
- Owner’s Title Insurance Policy – This covers the new Buyer in a Real Estate Transaction and is not transferable. It’s good for a single transaction. If someone is added by Quit Claim onto the Deed after the transaction, or the owner’s name is changed into the name of a Corporation after the purchase, the policy becomes null and void.
- Lender’s Title Insurance Policy-This protects the Lender if a mortgage is to be held against this property. It is required to be purchased, and is paid for by the Buyer.
What is an Owner’s Title Insurance policy vs. a Lenders Title Insurance Policy?
The Lender’s Title Insurance Policy protects a Lender in a Real Estate transaction. It is purchased by the Buyer and is required by their Lender.
What fees does the Seller customarily pay for in a Florida Real Estate sale?
You can check out this link and also read more here for the answer to this question.
Once again, everything is negotiable, but the following are traditionally paid by the Seller in most FL counties:
Title Policy/Title Insurance Premium – Fee amount is based on the purchase price of the property and set by the state of Florida. The Seller usually pays this fee in all counties except Miami Dade, Broward, Collier and Sarasota.
Title Search Fee – Fee charged by a third party to perform the search of the history of the property.
Settlement/Closing Fee – Fee charged by the Title Company to perform their work for a Real Estate closing. This includes order processing, examination and review of title history, time spent resolving any title issues, preparing closing documents, actual time spent conducting the closing, postage, storage and any other fees the Title Company incurs to complete the transaction.
Doc Stamps/Deed Transfer Tax – This is a tax on the Sale of property by the County within which it occurred. It’s set by the county and varies based on the purchase price of the property.
Property Taxes – Outstanding property taxes as well as property taxes for the current year will be paid at closing. The Seller will pay a prorated amount of tax for the current year, based on the amount of time they have occupied the property.
Estoppel – This is a mandatory document ordered from the HOA to determine outstanding dues, if any. All Home Owner Associations charge a fee for this, and it can vary based on the association.
Outstanding Dues – Once the Estoppel is received, the Seller is will pay the outstanding dues at closing, if applicable. A prorated amount of HOA dues are also the responsibility of the Seller, and are based on the length of time they have ownership of the property. Example: If HOA dues are paid monthly, and the transaction closes in the middle of the month, the Seller will be responsible for paying a prorated amount according to how many days of the month they owned the property.
Real Estate Broker Fees/Realtor Commission – If a Real Estate Agent was hired to sell the property, the fee for their services will be paid at closing.
Outstanding Mortgages – All outstanding mortgages will be paid in full at closing. The payoff amount will be updated up until the day of closing, to make sure the amount is accurate.
Outstanding Tax liens—If there are any outstanding tax liens on the property, they will be paid off at closing, from the proceeds of the sale.
Outstanding Liens – Overall, the Seller will be selling the property debt-free, so whatever liens are tied to the property will be paid off.
What does a Title Company do vs. an Escrow Company vs. a Law Firm in Florida?
What’s the process once we have a signed contract from a Buyer?
Watch our video that summarizes this
What fees are set by the state of Florida?
The State of Florida sets the Title Policy Insurance Premiums. Artesian Title is actually the ONLY Title Company in Florida to offer the Real Rebate. We will rebate you back a portion of the Title Policy Premium amount.
What fees vary by Title Company?
Also, Artesian Title is the ONLY Title Company or law firm in Florida that offers the REAL REBATE, where you save up to 20% of your Title Policy Premium.
How does the Real Rebate save me up to 20% of my closing costs?
Where does the closing occur if I don’t want to come to one of your offices? What are my options?
- You can, obviously, come in to close at one of our office locations.
- We can come to you with one of our Concierge Closers that actually explain every single page of the paperwork, anywhere and anytime you want to close. If you don’t want to leave work, no worries, we will meet you there. We offer this service complimentary for our clients.
- COMING SOON – Remote Video Closings – On July 1, 2019, the State of Florida made a law that beginning on Jan 1, 2020, documents will be able to be e-signed and e-notarized. This means that you can hop onto your mobile device or tablet and we can facilitate the closing easily from anywhere you are.
What is a video closing?
Can you help me write a Florida Real Estate contract with a buyer?
What is FIRPTA, and does it apply to me?
- Is the Seller foreign? (No green card, no social security number, lives in a different country…)
- What is sales price? If it’s below $300k and, the buyer is going to use the property as their primary residence, and is willing to sign a homestead affidavit stating this, then FIRPTA is exempt.
- If the sales price is greater than $300k, then the IRS is expecting a check for 15% of the gross sales price.
- The IRS expects a check, or correspondence, from a FIRPTA expert seeking to get the amount reduced. A CPA or accountant that’s well-versed in dealing with FIRPTA can deal with this.
- If FIRPTA applies, and is not addressed, the IRS can go after the Seller and Seller’s property
- A REGULAR ACCOUNTANT CANNOT HANDLE THIS. We’ve seen this happen hundreds of times. A FIRPTA Seller needs to see documentation that the accountant is talking to the IRS and is very familiar with the process.
I am selling the home of a family member that passed away. What are the steps I need to take to sell it?
Why is my Realtor pushing me to use a certain Title Company?
The Title company I picked has now changed the fees they had originally quoted me. How do I switch to you?
What are Doc Stamps/Deed Transfer Tax?
When can I expect my final closing numbers so I can see what I will be getting from the sale?
What is an Estoppel?
How long will a cash closing take?
How quickly can a sale with a loan take?
As a Florida Title Company, knowing that Wire Fraud is a real and relevant threat, what do you do to prevent it?
- We use Safe Escrow to send and receive all funds. This proprietary software verifies that all bank account numbers and names match before any wires are sent.
- All of our emails are sent using ZIX email security and any wiring instructions are sent encrypted.
- Our offices are protected by state-of-the-art servers which are all protected by zero day virus software and firewalls, updated daily for new virus protection.
Why am I getting so much less $ than what I’m selling my home for?
How do I reduce my costs in a Real Estate closing?
- Your Realtor Commission—This is the BIGGEST thing you pay for that you can actually influence, although our Real Estate partner friends would hate to hear us say this. This area is a point which you can always negotiate. Some Realtors and Brokers don’t negotiate, but just know you are paying 5% to 6% (of the Purchase Price) to them and it’s the highest area you can negotiate.
- Title Insurance – If you bought your home in the last three years and have your prior Owner’s Title Insurance Policy (we can try to help you locate it if you’ve misplaced it!), you will get a Rebate (called a Re-Issue Credit) on your Title Insurance policy. Just make sure you tell the Title Company. Artesian Title actually proactively asks for this information, and remember, we are the only Title Company in Florida that offers the Real Rebate where we Rebate you up to 20% of the Title Policy.
Do I still make my mortgage payment or HOA payment if we are closing that month?
I am selling this house after my divorce was finalized and the property is in both of our names. What will I need to provide to get this done?
What makes us better?
Artesian Title doesn't have to share profits with referral services, so we pass savings to our clients with up to a 20% rebate from their closing costs. Cool huh?
Trusted. Experienced. Reliable.
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