In addition to residential real estate, Safe Harbor Title Company manages multimillion dollar commercial real estate transactions on a daily basis. Our expertise handling these transactions combined with our regulatory knowledge, makes Safe Harbor Title uniquely qualified to provide settlement and title services for luxury home buyers.
There is a misconception that if you are purchasing a home that is over $1 million you need a lawyer. There are two reasons why that is not necessarily true: 1. Residential mortgage lending, even jumbo loans, is highly regulated by the federal government. The loan documents “are what they are,” and cannot be negotiated. Additionally, the terms of the contract are typically worked out among the Realtors and it is rare for contractual issues to arise. 2. As mentioned, we handled transactions with lots of zero’s on the end every day. We understand that in these situations we may be receiving money from investment accounts (sometimes multiple), as well as from Seller’s and loan proceeds.
Recently we provided settlement and title services for a home in the West End that sold on May 1st for $1.9 million, one of the highest transactions for Residential Real Estate in the month of May. We suggest that you take a moment to read this article from Richmond Biz Sense about that property, it's a pretty great read!
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