I know some of you girls just recently bought homes so this question goes out to you:
Our closing is scheduled for tomorrow and I remember someone once saying that you have to tip everyone at the closing. Does anyone know anything about this? Who do we tip and how much?
TIA
P.S. I'm totally freaking out!!!
CarolAnn721
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Re: Closing on a house...are we supposed to tip ppl?
That is the first time I ever heard anything like that.
AwaitingAugust
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Re: Closing on a house...are we supposed to tip ppl?
i've heard of people tipping .... but i didn't tip at my closing.
i wouldn't worry about it.... they're making enough money off of you anyhow with the closing costs and whatnot.
Becca2010
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Re: Closing on a house...are we supposed to tip ppl?
DH tipped his mortgage broker because he did a loooot of work for him, like a lot of phone calls, running around, gathering info, etc.
little j
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Re: Closing on a house...are we supposed to tip ppl?
tip? omg. hell to the NO
that is insane. everyone that is at the table is GETTING MONEY, except for you
you are paying enough. no freaking wayyyyyyyyyyyyyyyyy
Soon2BeMrsB
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Re: Closing on a house...are we supposed to tip ppl?
WHEW! Big sigh of relief! It was crazy to me that we had to tip so many ppl on the day of the wedding that when I heard about tips at closing I just figured it was one of those things.
Thanks for the quick responses!
NanandEric08
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Re: Closing on a house...are we supposed to tip ppl?
I hope not because we don't plan on tipping anyone
IrinaBNY
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Re: Closing on a house...are we supposed to tip ppl?
HELL NO!!!
the only person you might tip is the title closer. but your attorney will tell you about that at the closing table.
good luck and congrats
VickiR510
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Re: Closing on a house...are we supposed to tip ppl?
We did. We got the lawyer,mortgage broker & our real estate agent 100 gift cert. to Mio Posto Restuarant & a bottle of Santa Margherita each. They were so suprised & were very thankful. Oh & btw if your mortgage broker is charging you more then 2% our charged 1% he is robbing you. I hope you got a good faith est.
little j
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Re: Closing on a house...are we supposed to tip ppl?
Posted by VickiR510
We did. We got the lawyer,mortgage broker & our real estate agent 100 gift cert. to Mio Posto Restuarant & a bottle of Santa Margherita each. They were so suprised & were very thankful.
WOWWWW. where that that helpful?
idk, maybe we just had a bad experience. the whole process took us FOREVER and we were the ones running around and making the phone calls. ugh. no way were they getting anything from me
but on the flip side, the SELLERS REAL ESTATE AGENT bought us a housewarming GIFT!!! he said it was b/c we were so easy to work with....yeha, we did all his work. ughhhhh
VickiR510
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Re: Closing on a house...are we supposed to tip ppl?
Posted by little j
Posted by VickiR510
We did. We got the lawyer,mortgage broker & our real estate agent 100 gift cert. to Mio Posto Restuarant & a bottle of Santa Margherita each. They were so suprised & were very thankful.
WOWWWW. where that that helpful?
idk, maybe we just had a bad experience. the whole process took us FOREVER and we were the ones running around and making the phone calls. ugh. no way were they getting anything from me
but on the flip side, the SELLERS REAL ESTATE AGENT bought us a housewarming GIFT!!! he said it was b/c we were so easy to work with....yeha, we did all his work. ughhhhh
Yes actually. They were also friends. My real estate agent is my friend since 6th grade. The others are friends with my sisters. They also got us really nice gifts. We didnt have to do a thing. Plus we did alot of chaging around things & kept changing our down payment at first just 20% & then we decided to put down 35% so they had to redo alot of things. hahahahaha Any q's i had i went to them &they dealt with it for us. They were great.
T E R I
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Re: Closing on a house...are we supposed to tip ppl?
We didn't tip anyone, but we did send our mortgage lady flowers after because she made everything happen was able to speed up the process for us and because DH & FIL know her brothers
Spring143
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Re: Closing on a house...are we supposed to tip ppl?
if you are i will def be there for your closing
saralee1978
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Re: Closing on a house...are we supposed to tip ppl?
I am a real estate attorney and do this every day.....
The ONLY person you SHOULD tip is the title closer because that is the only way they get paid. The attorney will tell you the amount, but it should only be about $100....and really, it's not so much a tip as much as it is a payment for their services. They don't get paid to attend your closing, so you're compensating them for being there and taking care of your documents.
And to the person who gave their lawyer a bottle of wine.....can you be my new client?
VickiR510
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Re: Closing on a house...are we supposed to tip ppl?
Posted by saralee1978
I am a real estate attorney and do this every day.....
The ONLY person you SHOULD tip is the title closer because that is the only way they get paid. The attorney will tell you the amount, but it should only be about $100....and really, it's not so much a tip as much as it is a payment for their services. They don't get paid to attend your closing, so you're compensating them for being there and taking care of your documents.
And to the person who gave their lawyer a bottle of wine.....can you be my new client?
Yes we gave the title closer $150.00 And i gave the others each 100 gift cert to a restaurant & a bottle Pinot. lol Next time. lol
TessMike621
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Re: Closing on a house...are we supposed to tip ppl?
we didn't tip anyone
GR2010
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Re: Closing on a house...are we supposed to tip ppl?
I tipped the paralegal at the lawyer's office. She did SO MUCH work and I know she makes nothing.
nraboni
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Re: Closing on a house...are we supposed to tip ppl?
We tipped the title person but that was included in our closing costs.
stinenandy2010
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Re: Closing on a house...are we supposed to tip ppl?
No way, all I did the whole time was yell at people who made everything so difficult and write checks so definitely NOT.
On the other hand, our real estate agent gave us a $100 gift card to home depot.
CosmoLover
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Re: Closing on a house...are we supposed to tip ppl?
I did. I tipped the notary and the title attorney, and I represented myself for my closing on my condo. I was told that tipping was customary. I think I gave the notary $ 100. If I had known tipping wasn't required, I wouldn't have done it!
