Buyer Packet

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Buyer Consultation CHECKLIST

Buyers Legal Names

Buyer 1:_________________________________________

Buyer 2:_________________________________________

(should match driver's license)

Buyers Contact Information

Address:________________________________________

Phone:__________________________________________

Email:___________________________________________

Preferred method of contact:_______________________

Marital History

Marriage? ❒ Yes ❒ No

If yes, Spouse’s Name: ___________________________

Date of Marriage: ____ /____ /______

How will Title be held?

Mail Out? ❒ Yes ❒ No

Power of Attorney? ❒ Yes ❒ No

Does buyer have a valid driver's license?

❒ Yes ❒ No

Has buyer secured funds for closing?

❒ Yes ❒ No

Does buyer have a pre-approval letter or proof of funds? ❒ Yes ❒ No

Lender's Contact Information

Name:___________________________________________

Company: _______________________________________

Phone :__________________________________________

Email:___________________________________________

Property Must Haves

❒ Square-footage range: _______________________

❒ Beds: _____________

❒ Baths: _____________

❒ Garage: ____________

❒ Other must haves

Property

Wants

Things to review prior to contract

❒ Buyer's Rep Agreement

❒ Broker Compliance Docs

❒ IABS

❒ Earnest Money and Option Fee payable to the title company

❒ Buyer estimated costs

❒ others:

NOTES:

Escrow Department Opens Order

Examiner Researches Property Loan Submitted For Approval

Real estate transactions are a big deal – big money, and big complexities, even with a transaction that seems straightforward. A Realtor represents your best interests, and handles all this and more:

Researching the local market and specific neighborhood to make sure sellers and buyers are getting their best price, accounting for property condition, location, and many fine details based on expert comparisons with other recent sales and listings.

Realtors are experts on the promulgated contract forms that account for every aspect of the transaction, including property legal descriptions, down payments, option fees, surveys, tax prorations, title policies, exclusions, and much more.

For Sellers, Realtors guide you strategically in staging and preparing your property for sale, provide security for you and your property by limiting access to qualified buyers, help you understand and properly navigate contract and disclosure obligations, and advertise your property across a wide network of other agents and potential buyers.

For Buyers, Realtors are the experts on school districts, neighborhoods, and changing property values over time. They have access to multiple resources to find homes for sale, and work with proven professional property inspectors, mortgage lenders, title insurance companies, and others that work together to get you to and through the closing table.

And Realtors manage the complicated negotiations around pricing, option periods, repairs, lender requirements, interest rates, parties that do not live up to their obligations, plus all the personal dynamics of working with other people, including emotions, family needs, illness, heirs, finances, relationships forming or breaking apart – all the circumstances that can influence the process.

The bottom line? You will likely buy or sell real estate only a few times in your lifetime, but Realtors manage multiple transactions every year. Experience matters. Interview some Realtors. Hire the best fit for you. You're welcome!

1

When preparing an offer on a property, consider the following:

BUYERS‘ AGENTS

2 3

After the contract is receipted, communicate with your Escrow Officer about the following, where applicable:

Confirm your clients’ marital status.

If you have a married client planning to acquire a property as a separate investment, or if there’s a discussion about other forms of co-ownership (for example, joint tenancy or tenants in common with unmarried couples or partners), talk to a real estate attorney to ensure your clients are fully informed about these types of ownership, and the ways that Texas community property and homestead laws may affect ownership.

If possible, avoid closing dates in the last few days of the month. Your client will enjoy more options as to closing appointments and last-minute changes or issues will be easier to take care of smoothly.

Changes made to the contract during the option period

Including amendments, lease-backs, seller concessions, etc., or any other modifications that might occur after the initial receipt of the contract.

The transaction is linked to another closing.

Your Escrow Officer can better coordinate all the moving parts if they know that all or part of the Buyers’ purchase money is coming from another transaction.

A party to the contract will use a Power of Attorney.

Your title company will need to have the original executed document at closing, and is legally required to contact the person granting the Power of Attorney on the day of closing. Remember that the Power of Attorney should be specific to the transaction and that the title company will need to keep and record

All or part of the transaction will be handled remotely.

If your clients cannot attend closing, plan in advance with your Escrow Officer to find a cooperating title company office or notary, and determine the method by which the original documents will be delivered timely to your Escrow Officer. There may be additional third-party fees for this service.

Your clients are first-time homebuyers.

A good Escrow Officer will appreciate the opportunity to plan extra time with them to make sure all their

Special circumstances for your clients

e.g., they do not speak English, or have a disability.

Prior to the scheduled closing . . .

Prepare your clients to bring complete identification to closing, including anyone signing under a Power of Attorney. To comply with federal security, banking, and notary laws, your clients must bring valid (not expired!) government-issued identification.

Prepare your Buyers in advance to bring “good funds” to the closing table, in other words a cashier’s check or wire transfer. Good funds, as defined by the Texas Department of Insurance, are required for any closing funds over $1,500.00. A cashier’s check may be a safer option than a wire transfer due to the significant increase of wire fraud nationwide. Bear in mind that a cashier’s check must be honored or “collected” by the bank prior to disbursing those funds so early communication about expectations can save last minute contention about when the Seller receives proceeds, when the Buyer may take possession, etc. Depending upon circumstances, a cashier’s check may even need to be delivered 24 hours prior to closing. Should a wire transfer be the Buyer’s chosen method to deliver the funds, a request for the instructions will need to be made to the escrow team by the Buyers via phone and upon that request, our encrypted instructions will be sent directly to the Buyers. We will also ask that they confirm when the wire has been transferred so that its receipt can be anticipated by the escrow staff. Note: ACH transfers are often confused with wire transfers but they are not the same. An ACH transfer will be rejected upon receipt which could cause a lengthy delay in the return of the funds back to the Buyer.

SELLERS’ AGENTS

2 3 1

When preparing an offer on a property, consider the following:

At the time of listing, ask your client for the following:

Copy of a prior survey: If the parties to the contract have agreed to use a prior survey, present it to your title company for review when you receipt the contract along with the T-47 Survey Affidavit.

Complete identification information from the Seller: This includes full name, Date of Birth, Driver’s License and Social Security number. This information will help eliminate confusion about liens or judgments against individuals with similar names that may come up in the title search. In addition, it is very important that the Seller discloses whether or not they are a US Citizen for income tax reporting purposes. There are stringent IRS guidelines for persons selling property who are not US Citizens and early identification of those individuals can help alleviate a delay in closing.

Special circumstances for your client: e.g., they do not speak English or have a disability.

HOA information: This will help in meeting contract deadlines, and compliance with the new HOA Addendum in the TREC contract.

Clarification of marital status for the entire time your client has owned the property: If there has been a divorce, death, or marriage during the ownership period, consider opening a title order with Independence Title in advance to ensure that any community property issues are addressed timely. Your Escrow Officer can provide you with an “Open Title Request” form for your Seller to sign, which allows your title company to open a file without a contract.

Loan payoff information: This includes the bank name, your client‘s Social Security Number, loan number and an estimated principal balance. This will allow your Escrow Officer to prepare an estimated closing statement/net sheet, and will facilitate getting a payoff statement more quickly.

When executing the contract, consider the following:

Clarify your Sellers’ expectations about when they will receive proceeds from the sale.

In most instances, the title company will offer the Seller an ITC check immediately upon funding or offer to wire funds to the account of their choice. A wire transfer is typically received by the Seller’s bank no later than the next business day. If they need the funds quickly for another transaction, it is best if they make us aware of that information in advance so we can accommodate their request to the degree possible.

If possible, avoid planning your closings for the last few days of the month.

Your client will enjoy more options as to closing appointments and last-minute changes or issues will be easier to take care of smoothly.

After the contract is receipted, communicate with your Escrow Officer about the following, where applicable:

The transaction is linked to another closing. Related to the closing proceeds discussion above, your Escrow Officer can better coordinate all the moving parts if he/she knows the Sellers need the proceeds quickly for a purchase.

Changes made to the contract during the option period, including amendments, lease-backs, seller concessions, or any other modifications that might occur after the initial receipt of the contract.

A party to the contract will use a Power of Attorney. Your title company will need to have the original executed document at closing, and is legally required to contact the person granting the power of attorney on the day of closing. Remember that the Power of Attorney should be specific to the transaction and that the title company will need to keep and record the original.

All or part of the transaction will be handled remotely. If your clients cannot attend closing, plan in advance with your Escrow Officer to find a cooperating title company office or notary, and determine the method by which the original documents will be delivered timely to your Escrow Officer. There may be additional third-party fees for this service.

Prepare your clients to bring complete identification to closing, including anyone signing under a Power of Attorney. To comply with federal security, banking, and notary laws, your clients must bring valid (not expired!) government-issued identification.

Prepare your clients for bringing or receiving funds. In the event your Seller needs to bring funds to closing, a cashier’s check or wire transfer is required for any funds in excess of $1,500. In the event your Seller is receiving funds from closing and they want those funds sent via wire transfer, they will need to bring WRITTEN instructions for their bank or institution. A voided check is acceptable for a regular checking account. For investment, money mark or brokerage accounts, please ask your Seller to contact that institution and obtain their specific wiring instructions since those shown on an investment, money market or brokerage account checks are often missing key pieces of information which will delay sending out the wire. Alternatively, if your seller needs to have the funds sent to another title company for a concurrent transaction, please ask that they bring those instructions to closing.

We’reYouGladAsked...

What is Title Insurance Anyway?

A title insurance policy protects the future of your real estate investments. We start by researching the full history of property as completely as possible through public records– in Texas many property records go back to Spanish land grants in the 1880’s! We clear up any known issues and then assume certain kinds of additional risk on behalf of the owners. A title policy is designed to protect owners and their investment against certain future claims. Rates are state regulated and are promulgated in Texas.

Through the years, a property may change hands many times through sale, inheritance, marriage, divorce, foreclosure or bankruptcy. Each transfer is an opportunity for an error in title to arise, which could affect whether the buyers have full ownership of the property. That’s why you need us!

So Why Independence Title?

We built Independence Title on the belief that a local company is your best choice for personal service and first-hand knowledge of Texas and surrounding areas. We live here, work here and have invested all our experience and resources in serving the unique needs of the Texas property owners. With more than 70 branch locations and the finest escrow, title and sales professionals, we want to show you how good a closing experience can be!

We’re under contract...now what?

Once the contract is signed, it’s brought to us with Earnest Money* and we start putting all the pieces together:

• Researching title.

• Contacting parties to the contract for additional information needed to close.

• Working with the lender (if any) to meet their requirements for closing and funding.**

• Closing appointments are scheduled in coordination with all parties, but can change if any party is unable to fulfill their responsibilities on schedule. It’s a good idea to keep your schedule as flexible as possible the day of closing.

* Earnest Money is a deposit the Buyer typically makes per the contract to show the Seller that he/she is “earnest” in going forward with the purchase of the property. Earnest Money is held by the title company to be credited to the buyer at closing (or according to the terms of the contract).

**“Funding” means we’ve received approval from the lender (if any) to pay out loan proceeds to all parties including amounts due to the seller. In most cases, expect some time between signing papers and receiving funds or keys to the property. In general, new owners take possession upon closing and funding per terms of the contract.

Who do I contact if I have more questions?

Talk to one of our Business Development Representatives or an Escrow O cer at a location near you.

Checklist

General

Do you have all of the required documents for closing?

Are all items that were included with the sale present?

Have any unwanted items been removed?

Has the seller removed garbage and any construction debris?

ls there any new damage to the floors or walls caused by movers?

ls the property clean?

Repairs

Have all of the previously agreed upon repairs been completed?

Did the seller provide all of the warranties and bills for the repairs?

Kitchen & Laundry

Are there any signs of mold or water damage?

Are all included appliances present and appear to be in good working order?

lf the refrigerator was removed by the seller, is there any damage done to the wall or floor?

Bathroom

Are there any signs of mold or water damage?

Are the toilets operational?

Do the faucets leak?

Do the sinks and tubs drain properly?

ls there hot water?

New Homeowners Independence

Electrical

Are all of the lights in working order?

Are all of the outlets in working order?

ls the circuit breaker clean and working?

Are smoke detectors installed where they are required?

Are they operating properly?

Exterior

Are any window screens missing or damaged?

ls there any new damage to doors, decks, siding, etc.?

lf there is an irrigation system, is it working?

Heating & Cooling

Does the thermostat operate correctly?

ls the heating system working properly?

ls the cooling system working properly?

Windows & Doors

Are all the latches and locks functional?

Are there any broken windows? Do they open and close properly?

Garage

Does the garage door and garage door opener operate properly?

CLOSING COSTS

WHO’S RESPONSIBLE?

Buyer CostsSeller Costs

Property Inspections

Termite Inspection

Survey (per contract)

HOA Transfer Fee (per contract)

Prorated Taxes

Half of Escrow Fee

Courier Fee

Hazard Insurance

* Loan Origination Fee

* Loan Title Policy and Endorsements (per contract)

* Appraisal

* Credit Report

* Prepaid Interest

* Document Preparation

* Recording Fee (s)

* Initial Deposit for Escrow Account (if applicable)

* Mortgage Insurance Premium (if applicable)

VA Funding Fee (if applicable)

Payoff of Existing Loan(s)

Realtor Commissions

Owner’s Title Policy and Endorsements (per contract)

Repairs (per contract)

Prorated Taxes

Half of Escrow Fee

Courier Fee

Tax Certificate

Document Preparation

Recording Fee(s)

* These costs are associated with a loan. Please check with lender for any other fees associated with your transaction.

Transactions vary and some costs are negotiable. Please talk with your Realtor, Lender and Escrow Officer regarding details of your specific transaction.

Survey (per contract)

HOA Resale Certificate (per contract)

Home Warranty (per contract)

Termite Inspection (VA Loan Only)

T he ABC’s of a Title Commitment

Here’s a quick and basic overview of the four schedules of the Commitment for Title Insurance. In general, a title commitment is a commitment by the title company to insure the property and issue a title policy if conditions in the commitment are met.

Please contact your escrow officer with any questions about a particular title commitment or transaction.

“A” is for “Actual

Facts”

In other words, this is the “Who, What, Where and How Much” of the transaction. You’ll see the names of the seller and buyer, the types of policies to be issued, a description of the property, the sales price, and the name of the lender if any.

“B” is

for “Buyer Noti cation”

From areas where other parties have some interest or control of the use of property. An example would be a utility easement, where the city would have a part of the land reserved for their use, or a building setback requirement that prevents the homeowner from building within a certain distance from the front of the property. These items are not covered.

“C” is for “Clear to

Close”

These items must be resolved in order to insure title to the new owner. This would include such things as a mortgage to be paid off, marital status, home improvement liens, unpaid taxes, or a requirement that another person - such as an heir or a former spouseparticipate in the sale of the property.

“D” is for

“Disclosure”

This last section outlines all parties who will collect any part of the insurance premium, including underwriters, title agents and attorneys.

Title Commitments AFROM Independence

Closing Tips Release of Earnest Money

If a transaction cancels within the option period, paragraph 5B calls for the title company to “release any Option Fee remaining with the escrow agent to Seller and any earnest money will be refunded to Buyer”. The earnest and option money may be refunded without written authorization from both parties provided the check has cleared the bank and we have satisfactory evidence that the contract was terminated before the option period expired.

If a transaction cancels after the option period has expired a written authorization from both parties is required directing us how the money is to be disbursed. Depending on the situation, we may choose to follow any applicable escrow provision in the earnest money contract relating to refund of the earnest money. A typical approach is set out in Paragraph 18(C) of the TREC One to Four Family Residential Contract (Resale), which may apply when that is the contract used for the transaction. If both parties give written demand to us for the earnest money,and no agreement is reached, the earnest money may be surrendered to the court registry in an interpleader action so that the court disburses the earnest money pursuant to court order.

Come Prepared!

What to Pack, What to Ask, and What to Say for a Smooth Closing.

Congratulations on getting to the finish line! Here are a few tips to help make your closing experience smooth and free of surprises.

Identification

Bring complete identification to closing, including any person signing with a Power of Attorney. To comply with federal security, banking, and notary laws, you must bring valid (not expired!) government-issued identification (i.e., Driver’s license or Passport).

If Your Transaction is Linked to Another Closing ...

For example, if you’re selling and using the proceeds on a purchase later that day, or you’re buying with proceeds from a closing that happened earlier— let your escrow officer know as soon as possible to coordinate all the moving parts better.

Changes to Marital Status

Alert your escrow officer if there are any changes to your marital status since signing the contract, ideally before sitting down at the closing table. If a party to the contract is using a Power of Attorney (someone else will sign for them), ensure the title company has the original executed document at or prior to closing. Also, the title company is legally required to contact the person granting a power of attorney on the day of closing –make sure this person is available and expecting the call!

“Good Funds”

For any monies due over $1500, plan to bring “good funds” to the closing table, in other words, a wire transfer or cashiers’ check (note that a bank “ACH” transfer is different from a wire transfer and can cause lengthy delays).

Funds Delivery

Buyers should also confirm how the lender will deliver funds (usually via check or wire transfer) and work with their agent to clarify expectations with the seller. Bear in mind that a wire transfer from the lender will typically allow the title company to wire out the proceeds to the seller as soon as funding approval is received, assuming the seller’s proceeds are not more than the amount of funds received in via wire. A cashier’s check must be honored or “collected” by the bank before any funds may be sent out via a wire, which could delay one to three business days. Buyers and sellers should communicate (with the help of their agents) before closing to clarify expectations.

If you have any questions, talk to one of our Business Development Representatives or an Escrow Officer at a location near you.

Homestead Exemptions

What is a Homestead Exemption?

A homestead exemption reduces the taxable value of your home which saves you money on your property taxes. The homestead exemption also limits the increase in the assessed value of your home to 10% each year. All Texas homeowners are able to apply for a General Residence Homestead Exemption for their primary residence. Other exemptions are available to homeowners who are over 65, veterans or disabled, and require the same application process.

Who qualifies?

These requirements must be met to receive the exemption:

1. You must own and occupy the home as your primary residence on January 1st in the year that you apply for the homestead exemption.

2. You may apply for a prorated homestead exemption in the year you purchase and occupy the home if the property was not claimed as a homestead by the previous owner i.e. the property was a rental or is a new construction home.

3. You may only claim one property as homestead in Texas or in any other state at a time.

4. Only individual homeowners (not corporations or other entities) may receive a homestead exemption. Family Trusts may qualify, check with the local appraisal district for requirements.

5. A homestead can be a house, condominium, or a manufactured home together with land also owned by the homeowner and used as a yard or for another purpose related to the residential use of the home.

6. Senate Bill 1801, effective Sept 1, 2023

Texas homeowners will see the school district homestead exemption on their property tax bill increase from $40,000 to $100,000 of their home’s assessed value.

The bill also allows for the county appraisal district to establish a procedure for the periodic review of homestead exemptions once every 5 years. The chief appraiser for each county will establish a schedule for said review.

How do homeowners apply?

1. Complete the Application for Residential Homestead Exemption. The application is available on the websites of most county appraisal districts, or at the Texas Comptroller’s website at: http://comptroller.texas.gov/taxinfo/taxforms/50-114.pdf

2. Include a copy of your DRIVER’S LICENSE or IDENTIFICATION CARD from the Texas Department of Public Safety at www.txdps.state.tx.us. The address MUST MATCH the homestead address.

3. Take a copy of the RECORDED DEED in case the Appraisal District has not yet updated court records. Contact us at IndependenceTitle.com if you need help securing a copy of your recorded deed.

4. Provide documentation of veteran or disabled status if claiming this exemption.

For more information on all types of property tax exemptions, contact your local county appraisal district office, or visit: http://comptroller.texas.gov/taxinfo/proptax/exemptions.html

Valuing Property

Districts DFW Area

Each county’s appraisal district determines the value of all taxable property within the county. Before the appraisals begin, the district compiles a list of taxable property. The listing for each property contains a description and the name and address of the owner.

The appraised home value for a homeowner who qualifies his or her homestead for exemptions in the preceding and current year may not increase more than 10 percent per year.

Property Tax Code Section 23.23(a) sets a limit on the appraised value of a residence homestead, stating that its appraised value for a tax year may not exceed the lesser of: (1) the market value of the property; or (2) the sum of: (A) 10 percent of the appraised value of the property for last year; (B) the appraised value of the property for last year; and (C) the market value of all new improvements to the property, excluding a replacement structure for one that was rendered uninhabitable or unusable by a casualty or by mold or water damage. The appraisal limitation first applies in the year after the homeowner qualifies for the homestead exemption.

How is your property valued?

The appraisal district must repeat its appraisal process for property at least once every three years.

To save time and money, the appraisal district uses mass appraisal to appraise large numbers of properties. In a mass appraisal, the district first collects detailed descriptions of each taxable property in the district. It then classifies properties according to a variety of factors, such as size, use and construction type. Using data from recent property sales, the district appraises the value of typical properties in each class. Taking into account differences such as age or location, the district uses “typical” property values to appraise all the properties in each class.

The appraisal district may use three common methods to value property: the market, income and cost approaches.

The market approach is most often used and simply asks, “What are properties similar to this property selling for?” The value of your home is an estimate of the price your home would sell for on Jan. 1. The appraisal district compares your home to similar homes that have sold recently and determines your home’s value.

Other methods are used to appraise types of properties that don’t often sell, such as utility companies and oil leases. The income approach asks, “What would an investor pay in anticipation of future income from the property?” The cost approach asks, “How much would it cost to replace the property with one of equal utility?”

Dallas County dallascad.org 214/631-0910

Denton County dentoncad.com 940/349-3800

Ellis County elliscad.org 972/937-3552

Hood County co.hood.tx.us 817/573-2471

Hunt County hunt-cad.org 903/454-3510

Johnson County johnsoncad.com 817/648-3000

Kaufman County kaufman-cad.org 972/932-6081

Parker County parkercad.org 817/596-0077

Rockwall County rockwallcad.com 972/771-2034

Tarrant County tad.org 817/284-0024

Wise County wise-cad.com 940/627-3081

WHAT DOES WIRE FRAUD LOOK LIKE?

It can look like a legitimate email or text from the title company, the realtor, or the lender with urgent instructions to wire funds! THE PROBLEM??? Those emails or texts are attempts by a criminal to STEAL YOUR MONEY and get you to wire money to an account controlled by them, set up under a name very similar to Independence Title.

BE SUSPICIOUS AND CAUTIOUS OF ANY EMAIL THAT YOU RECEIVE REQUESTING A WIRE TRANSFER.

Pick up the phone and call your escrow team at a phone number from our Independence Title website and NOT a phone number contained in an email.

We will NEVER call, email, or text you an unsolicited request to urgently wire money

We will NEVER email our wiring instructions to you

You must call us to request a link to download them from a secure site

Once you have downloaded them using the secure link, they will not change

Our bank account name will ALWAYS be Independence Title

Our bank account will ALWAYS be located in Texas

WANT A BETTER OPTION FOR FUNDS?

A cashier’s check is a SAFER option to deliver closing funds than a wire transfer as it eliminates the risk of wired funds being diverted to a fraudulent account. PURSUANT TO PROCEDURAL RULE P-27, CASHIER’S CHECKS ARE CONSIDERED GOOD FUNDS ONCE THEY ARE COLLECTED BY THE FINANCIAL INSTITUTION. DELIVERY OF A CASHIER’S CHECK ON THE DAY OF CLOSING MAY CAUSE A DELAY IN OUTBOUND WIRE REQUESTS SO PLEASE ARRANGE TO DELIVER ONE TO TWO DAYS PRIOR TO CLOSING.

Buyр

The goal is to turn off utilities, including gas, electric and water at your current residence shortly after closing the sale and/or departing the premises. Then, you need to turn them on at your new dwelling — ideally prior to move in.

Don’t forget to update your Drivers License with your new address! Scan the QR code below to quickly order your updated Texas ID.

You should file the application with your local CAD no later than April 30th. The process is FREE. Just print the form for the Homestead Exemption on your county Central Appraisal District (CAD) site or file online if that option is available. If you have any questions about your homestead exemption for property tax purposes, or any other exemption which may be available to you, please contact your County Appraisal District.

Change Your Address with the Post Office. One of the first things you should do is change your address with the post office so all of your mail will go to your new home instead of your old address. This can easily be done online or in person at your local post office.

A Transfer on Death Deed (TODD) is a simple way to transfer real estate to someone else after you die. With a properly recorded Transfer on Death Deed, no probate is needed to transfer the real property.

If you don’t have a will or a Transfer on Death Deed, your real estate must go through the probate court and your property will pass to your heirs according to Texas law. With a TODD you can avoid probate and decide in advance who should inherit your real property interest.

Texas Title Insurance Rates

$53,500 $520

$54,000 $523

$25,000 $328

$25,500 $331

$26,000 $335

$26,500 $338

$27,000 $340

$27,500 $343

$28,000 $347

$28,500 $350

$29,000 $355

$29,500 $358

$30,000 $361

$30,500 $364

$31,000 $368

$31,500 $371

$32,000 $374

$54,500 $526

$55,000 $529

$55,500 $532

$56,000 $537

$56,500 $540

$57,000 $543

$57,500 $547

$58,000 $551

$58,500 $553

$59,000 $556

$59,500 $560

$60,000 $564

$60,500 $568

$61,000 $571

$61,500 $573

$62,000 $577

$62,500 $581

$63,000 $583

$63,500 $587

$64,000 $591

$64,500 $594

$65,000 $597

$65,500 $600

$66,000 $604

$66,500 $609

$67,000 $612

$38,000 $416

$38,500 $419

$39,000 $421

$39,500 $425

$40,000 $428

$40,500 $433

$41,000 $435

$41,500 $439

$42,000 $442

$42,500 $446

$43,000 $448

$43,500 $452

$44,000 $456

$44,500 $459

$45,000 $463

$45,500 $466

$46,000 $469

$46,500 $473

$47,000 $475

$47,500 $478

$48,000 $483

$48,500 $487

$49,000 $490

$49,500 $493

$50,000 $496

$50,500 $499

$51,000 $501

$51,500 $505

$52,000 $510

$52,500 $514

$53,000 $516

$67,500 $613

$68,000 $617

$68,500 $621

$69,000 $624

$69,500 $627

$70,000 $631

$70,500 $635

$71,000 $639

$71,500 $641

$72,000 $644

$72,500 $648

$73,000 $651

$73,500 $654

$74,000 $658

$74,500 $662

$75,000 $666

$75,500 $668

$76,000 $671

$76,500 $674

$77,000 $678

$77,500 $681

$78,000 $685

$78,500 $689

$79,000 $693

$79,500 $694

$80,000 $698

$80,500 $702

$81,000 $706

$81,500 $708

$82,000 $711

$82,500 $716

$83,000 $720

$83,500 $722

$84,000 $725

$84,500 $729

$85,000 $732

$85,500 $735

$86,000 $738

$86,500 $743

$87,000 $747

$87,500 $749

$88,000 $752

$88,500 $756

$89,000 $760

$89,500 $762

$90,000 $765

$90,500 $769

$91,000 $773

$91,500 $777

$92,000 $779

$92,500 $783

$93,000 $786

$93,500 $790

$94,000 $791

$94,500 $796

$95,000 $801

$95,500 $804

$96,000 $805

$96,500 $809

$97,000 $813

$97,500 $817

$98,000 $820

$98,500 $824

$99,000 $827

$99,500 $830

$100,000 $832

$104,500 $856

$105,000 $858

$110,000 $885

$115,000 $911

$120,000 $937

$125,000 $964

$130,000 $990

$135,000 $1,016

$140,000 $1,043

$145,000 $1,069

$150,000 $1,096

$155,000 $1,122

$160,000 $1,148

$165,000 $1,175

$170,000 $1,201

$175,000 $1,227

$180,000 $1,254

$185,000 $1,280

$190,000 $1,306

$195,000 $1,333

$200,000 $1,359

$205,000 $1,385

$210,000 $1,412

$215,000 $1,438

$220,000 $1,464

$225,000 $1,491

$230,000 $1,517

$235,000 $1,543

$240,000 $1,570

$245,000 $1,596

$250,000 $1,623

$255,000 $1,649

$260,000 $1,675

$265,000 $1,702

$270,000 $1,728

$275,000 $1,754

$280,000 $1,781

$285,000 $1,807

$290,000 $1,833

$295,000 $1,860

$300,000 $1,886

$305,000 $1,912

$310,000 $1,939

$315,000 $1,965

$320,000 $1,991

$325,000 $2,018

$330,000 $2,044

$335,000 $2,070

$340,000 $2,097

$345,000 $2,123

$350,000 $2,150

$355,000 $2,176

$360,000 $2,202

$365,000 $2,229

$370,000 $2,255

$375,000 $2,281

$380,000 $2,308

$385,000 $2,334

$390,000 $2,360

$395,000 $2,387

$400,000 $2,413

$405,000 $2,439

$410,000 $2,466

$415,000 $2,492

$420,000 $2,518

$425,000 $2,545

$430,000 $2,571

$435,000 $2,597

$440,000 $2,624

$445,000 $2,650

$450,000 $2,677

$455,000 $2,703

$460,000 $2,729

$465,000 $2,756

$470,000 $2,782

$475,000 $2,808

$480,000 $2,835

$485,000 $2,861

$490,000 $2,887

$495,000 $2,914

$500,000 $2,940

$505,000 $2,966

$510,000 $2,993

$515,000 $3,019

$520,000 $3,045

$525,000 $3,072

$530,000 $3,098

$535,000 $3,124

$540,000 $3,151

$545,000 $3,177

$550,000 $3,204

$555,000 $3,230

$560,000 $3,256

$565,000 $3,283

$570,000 $3,309

$575,000 $3,335

$580,000 $3,362

$585,000 $3,388

$590,000 $3,414

$595,000 $3,441

$600,000 $3,467

$605,000 $3,493

$610,000 $3,520

$615,000 $3,546

$620,000 $3,572

$625,000 $3,599

$630,000 $3,625

$635,000 $3,651

$640,000 $3,678

$645,000 $3,704

$650,000 $3,731

$655,000 $3,757

$660,000 $3,783

$665,000 $3,810

$670,000 $3,836

$675,000 $3,862

$680,000 $3,889

$685,000 $3,915

$690,000 $3,941

$695,000 $3,968

$700,000 $3,994

$705,000 $4,020

$710,000 $4,047

$715,000 $4,073

$720,000 $4,099

$725,000 $4,126

$730,000 $4,152

$735,000 $4,178

$740,000 $4,205

$745,000 $4,231

$750,000 $4,258

$755,000 $4,284

$760,000 $4,310

$765,000 $4,337

$770,000 $4,363 $775,000 $4,389 $780,000 $4,416 $785,000 $4,442 $790,000 $4,468 $795,000 $4,495

$4,521

$4,547

$4,679

$4,705

$7,000,000 $30,035 $8,000,000 $33,605 $9,000,000 $37,175 $10,000,000 $40,745 $15,000,000 $58,595

Texas Title Insurance Rates

Effective September 2019

Premium Calculations

Policies of $100,001 - $1,000,000

1. Subtract $100,000 from policy amount.

2. Multiply result (1) by 0.00527 and round to nearest whole dollar.

3. Add $832 to result (2).

Policies of $1,000,001 - $5,000,000

1. Subtract $1,000,000 from policy amount.

2. Multiply result (1) by 0.00433 and round to nearest whole dollar.

3. Add $5,575 to result (2).

Policies of $5,000,001 - $15,000,000

1. Subtract $5,000,000 from policy amount.

2. Multiply result (1) by 0.00357 and round to nearest whole dollar.

3. Add $22,895 to result (2).

Policies of $15,000,001 - $25,000,000

1. Subtract $15,000,000 from policy amount.

2. Multiply result (1) by 0.00254 and round to nearest whole dollar.

3. Add $58,595 to result (2).

Policies of $25,000,001 - $50,000,000

1. Subtract $25,000,000 from policy amount.

2. Multiply result (1) by 0.00152 and round to nearest whole dollar.

3. Add $83,995 to result (2).

Policies of $50,000,001 - $100,000,000

1. Subtract $50,000,000 from policy amount.

2. Multiply result (1) by 0.00138 and round to nearest whole dollar.

3. Add $121,995 to result (2).

For policies greater than $100,000,000

1. Subtract $100,000,000 from policy amount.

2. Multiply result (1) by 0.00124 and round to nearest whole dollar.

3. Add $190,995 to result (2). ITC Connect puts Independence Title’s team, locations and resources at your fingertips. Connect to our branch offices, call or email team members, and access our most popular online tools via your iPhone or iPad. Get one step closer to Independence!

DFW AREA UTILITY SERVICES

ELECTRIC / GAS

Ambit Energy (940) 735-5572

Atmos Energy (800) 460-3030

Coserve Electric (800) 566-2314

Denton Electric (940) 349-8700

Oncor Electric (888) 313-6862

Tri-County Electric (817) 431-1541

TX New Mexico Electric (888) 866-7456

TXU Energy (800) 242-9113

TELECOM

AT&T (800) 464-7928

Charter Communications (866) 937-2427

Dish Network (800) 333-3474

Grande Communication (877) 267-3781

SBC (800) 464-7928

One Source Communication (817) 745-3000

Suddenlink (800) 999-6845

Time Warner (972) 742-5892

Frontier Communications (877) 980-3616

DirecTV (888) 358-8580

WATER, SEWER & WASTE

Addison (972) 450-7081

Aledo (817) 441-7016

Allen (214) 509-4560

Alvarado (817) 790-3351

Anna (972) 924-3325

Argyle (940) 464-7273

Arlington (817) 275-5931

Aubrey (940) 440-9343

Azle (817) 444-2541

Bedford (817) 952-2112

Burleson (817) 426-9601

Carrollton (972) 466-3120

Cedar Hill (972) 291-5118

Celina (972) 382-2682

Cleburne (817) 645-0919

Colleyville (817) 503-1020

Coppell (972) 304-3695

Copper Canyon (817) 430-3541

Corinth (940) 497-2263

Crowley (817) 297-2201

Dallas (214) 651-1441

Denton (940) 349-8200

Desoto (940) 349-8200

Double Oak (817) 430-3541

Duncanville (972) 780-5010

Euless (817) 685-1471

Fairview (972) 562-0522

Farmers Branch (972) 919-2525

Farmersville (972) 782-6151

Fate (972) 771-4601

Flower Mound (972) 874-6010

Fort Worth (817) 392-8210

Frisco (972) 335-5575

Garland (972) 205-2671

Grand Prairie (972) 237-8413

Grapevine (817) 410-3173

Haltom City (817) 222-7717

Haslet (817) 439-5931

Heath (972) 771-6228

Hickory Creek (940) 497-2999

Highland Park (214) 521-4161

Highland Village (972) 899-5132

Hurst (817) 788-7038

Irving (972) 721-2411

Justin (940) 648-2541

Keller (817) 743-4060

Kennedale (817) 985-2120

Krum (940) 482-3491

Lake Dallas (940) 497-2999

Lewisville (972) 219-3440

Little Elm (972) 294-1821

Mansfield (817) 276-4200

McKinney (972) 547-7550

Mesquite (972) 216-6208

Midlothian (972) 775-7130

Murphy (972) 424-6021

Northlake (940) 648-3290

North Richland Hills (817) 427-6200

Parker (972) 442-4105

Plano (972) 941-7105

Ponder (940) 479-2396

Princeton (972) 736-2416 Prosper (972) 346-2640 Red Oak (972) 617-0307 Reno (817) 221-2500 Richardson (972) 744-4120

Richland Hills (817) 299-1800 Roanoke (817) 491-6099

Rockwall (972) 771-7736

Rowlett (972) 412-6105

Royse City (972) 636-2250

Sachse (972) 495-1212

Saginaw (817) 232-4640

Sanger (940) 458-7930

Seagoville (972) 287-2050

Southlake (817) 748-8082

Springtown (817) 220-4834

Terrell (972) 551-6600

The Colony (972) 625-2741

Trophy Club (682) 831-4600

University Park (214) 987-5322

Watauga (214) 363-1644

Waxahachie (972) 937-7330

White Settlement (972) 937-7330

Willow Park (817) 441-2858

Wylie (972) 442-8130

Home & Exterior New Home Comparison

The New Home Comparison Checklist identifies some of the important factors to consider when choosing a home. In addition to an affordable sales price, you will also want to be sure that the neighborhood and home meet the needs of your family.

Take this checklist along when you go shopping for your home. It will help you evaluate the neighborhoods and assess the availability and condition of various features of up to four homes in a side-by-side comparison.

Number of Stories

Type of Exterior

Brick, Stone

Wood, Vinyl, Alum Siding

Stucco, Logs

Roof Condition

Foundation Condition

Exterior

Patio / Deck ( Covered)

Landscaping

Mature Trees

Backyard Fencing

Play Area

Walks

Driveway Concrete/Asphalt

Overall Exterior Condition

Ability to Enlarge House

Interior New Home Comparison

Interior

Living Room

Fireplace/s

Dining Room

Family Room

Office

Kitchen Eating Space

Eating Bar

Center Island

Bay Window

Refrigerator

Stove / Oven, Gas/Elec.

Microwave, Built-in

Dishwasher

Pantry

No. of Bedrooms

1st Floor Master Suite

In-law Suite

No. of Bathrooms

Garage, No. of Cars

Flooring

Type of Exterior Doors

Security System

Type of Heating System

Age of Heating System

Central Air-Conditioning

Type of Water Heater

Age of Water Heater

Size of Water Heater, Gallons

Separate Laundry Room

The Neighborhood1234

Distance to Work

Distance to Schools

Distance to Shopping

Expressway Access

Distance to Doctors

Distance to Hospital

Distance to Churches

Distance to Airport

Street Lights

Sidewalks, Curbs

Trash Collection

Streets Well Maintained

Traffic Volume

Access to Parks

Swimming Pool

Adjacent Properties, Well Maintained

Neighborhood / Restrictions

Area Zoning

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