a. We primarily handle Real Estate transactions – closings. We also get involved in Probate, Business Law and just about everything attached to real estate transactions.
b. We can do your Will and set up an LLC for you … but generally will farm out true Probate work to an affiliated attorney.
c. We cover the entire state of Georgia – all 159 Counties!!
d. Overall – we do not do any litigation.
a. Georgia is an attorney state. You will need an Attorney involved at some level. Don't be the one who needs an attorney to clean up what someone else messed up by not using an attorney.
b. There are some non-attorney run title companies in Georgia that hire attorneys as figureheads to only sign off on the paperwork. The problems with that are obvious.
a. Commercial and Residential
i. Standard Purchase Closings
iv. “Investor Friendly” including…
1. Double Closings
b. If there is something not listed above – please ask – we probably do it.
We cannot anticipate the unknown … but here are a few …
a. There are always going to be attorneys who charge less than us. When you find someone cheaper – there will always be another attorney who charges less than that one. If you are focused on price and not service – even if you recognize we charge less than everyone else - we may not be a good fit for you.
b. Let us start out with some history – in the PAST, industry standard closing costs were usually 1% of the sales price. And even today, it is not out of the ordinary to see attorney fees for a commercial transaction to be $10,000 – plus – depending on the work/service agreed to do.
c. HOWEVER – our closing fees are exceptionally and competitively priced. i. COMMERCIAL Closings are usually negotiated with an hourly rate and range of work to be performed. We are happy to discuss in more detail. ii. RESIDENTIAL Closings – our base fees as of 2022 are $600 Attorney fees; $250 title exam for metro Atlanta counties. 1. Those fees may change depending on what out of the ordinary we have to do for the closing. They are charged to the Buyer. There are minimal fees charged on the Seller side – if any – depending on what we need to close. 2. Title insurance fees increase the closing costs as the rates are based on the sales price – the higher the sales price – the more the premium.
d. As an INVESTOR … you should anticipate having to spend $1000 to $2000 per closing for costs.
You can ONLY get paid a COMMISSION on a real estate transaction if you are a Georgia licensed real estate agent or broker. If you are hearing something different – that person doesn’t know what they are talking about OR they are using different terms. The COMMISSION is paid to the Brokerage unless we receive WRITTEN instructions (ie., a Pay at Close form) to do otherwise.
Earnest Money does NOT automatically transfer in a Double Closing. This means your end buyer must expressly give specific permission for someone else to use their Earnest Money for your purchase. If we do not have that in writing, we cannot legally tell anyone that you provided Earnest Money.