PRESS RELEASE: By The Sea Realty Announces Joint Venture with Knight Barry Title Group
Fort Lauderdale, FL, March 5th, 2022 – By The Sea Realty announces the launch of New River Title, LLC in Fort Lauderdale. As reported by “The Title Report”, the title insurance industry’s premiere source of market intelligence.
New River Title recently opened in Fort Lauderdale, Fla. The title company is a joint venture between Knight Barry Title Group and real estate brokerage By The Sea Realty.
“By The Sea Realty is a growing brokerage and they were seeking a better closing experience for their buyers and sellers as they continued their 2022 expansion,” Knight Barry Title Chief Operating Officer Craig Haskins told The Title Report. “Fort Lauderdale is obviously a large part of Broward County, and our current operations there in Deerfield Beach and nearby Boca Raton don’t reach deep into the Fort Lauderdale area, so it filled a void for us, too.
“Further, we have many Midwestern friends and customers who are retiring to Florida or establishing second homes, and New River Title gives us better coverage in South Florida,” he added.
By The Sea Realty is a boutique brokerage with 32 agents and growing. Owner and managing broker Rich Barnhart has wanted the brokerage to have its own title company for some time, allowing it to oversee the entire process.
“The focus of our brokerage has always been the customer. It’s core to what we believe throughout the entire agency,” Barnhart said. “Over the years, I recognized a real estate transaction is a long, complicated process, and a big part of the process is the title and closing process.”
The brokerage has successfully relied on third parties for title work, he said, but that setup could present challenges.
“The process does work, but it wasn’t seamless enough for me and didn’t provide the level of customer service I wanted,” Barnhart said.
A business partner told him he always thought it was strange that at the end of the transaction, the buyer gets turned over to someone they’ve never met in a building they’ve never been to before to close.
“It struck me right there that’s not taking care of your customer,” Barnhart said.
Carol Ordonez will lead the New River Title team. She has several years of local title and closing experience.
“She has the skills and experience we needed to hit the ground running,” Barnhart said. “Talent is a challenge in this market, so we are lucky to have her.”
He couldn’t be happier with By The Sea Realty’s partnership with Knight Barry Title to create New River Title.
“They had a model in place for a joint venture, so they can do what they are great at and we can do what we are great at,” he said. “It’s a perfect fit.”
New River Title LLC
2400 East Commercial Blvd. #708
Fort Lauderdale, FL 33308