D.R. Horton, the biggest homebuilder in the U.S. is growing. The company recently announced the acquisition of Wilson Parker Homes, which has operations in Atlanta and Augusta, Georgia; Raleigh, North Carolina; Columbia, South Carolina and Phoenix, Arizona. The deal added 490 homes and 390 lots and an additional 300 homes under contract to D.R. Horton’s portfolio. The builder paid approximately $90 million for the deal.
In metro Phoenix, D.R. Horton currently has five communities and Wilson Parker Homes has three. Housing prices for the two builders range from the high $100s to the mid $400s. Communities span the Valley from east to west, depending on the community location, lot size and floor plans.
At Landmark Title Assurance Agency, our residential team works with realtors and builders providing escrow and title services. Jonie Alden, our Senior Escrow Officer heads up our residential team and prior to working with Landmark, she spent 20 years overseeing escrow and title for Pulte Homes.
Our commercial team works with a variety of homebuilders and real estate developers handling complex escrow and title for their land purchases and other commercial acquisitions.
We are seeing the homebuilding market continue to rebound in the Greater Phoenix and across much of the country, which means more home sales, land purchase and construction loans. At Landmark Title we specialize in working on complex real estate transactions and we work with a wide-range of clients and companies doing real estate deals in Arizona and across the U.S., as well as investors, developers and homebuyers nationwide that have real estate transactions in Arizona.
When buying a new home, many homebuyers do not realize that while the home was not previously owned by another homeowner, they will still need Title insurance. Other potential title issues that you need be aware of when purchasing a newly built home include:
- Checking the legal ownership is documented properly
- Making sure there are no outstanding issues or mechanic’s liens
- Providing proper lender’s title insurance, if buyer is financing the home purchase
- Securing owner’s title insurance for the states that require it
Working with an experienced and trusted Title company is about protecting your investment. The team Escrow Officers at Landmark Title Assurance Agency has been working in the industry for as much as 20 to 40 years. They understand the nuances, complexities and pitfalls that can happen and know what to do to make sure it doesn’t and your home or land or commercial purchase not only closes, but you are properly protected.
For more information on Landmark Title and our services visit LTAZ.com or contact Vicki Etherton at firstname.lastname@example.org.