Tips at Closing???
Going over closing costs with my attorney and he tells me to bring personal checks for the gratuities to title company rep and others (like him, maybe?). Is this for real? Who am I supposed to tip at a real estate closing, how much, and why? Call me stingy, but I’m sort of thinking the…
Going over closing costs with my attorney and he tells me to bring personal checks for the gratuities to title company rep and others (like him, maybe?). Is this for real? Who am I supposed to tip at a real estate closing, how much, and why? Call me stingy, but I’m sort of thinking the many, MANY thousands of dollars in cash I’m forking over to actually pay these people for their services ought to be more than enough.
It is customary to tip the title closer because they are not paid a salary. They are paid by the title company per closing that they do. So, the actual title closer has no claim or interest in the $$ you actual pay for title insurance. So, it is not a scam.
I was told to tip the title guy also and I felt the same way about it as you. But i did it anyway but *shrug*. Actually i went to a closing over the summer (i was the seller) and the buyer never showed up but we still tipped the title guy. That really made no sense to me! All he did was sit there and chit chat with us, wtf. Anyway what you decide to do in this situation is obviously your decision but i tend to agree with you, this tip nonsense is retarded.
Do NOT tip. THAT IS RIDICULOUS. THESE PEOPLE ARE ALREADY OVERCHARGING YOU.. AFTER YOU PAY 30,000 PLUS IN CLOSING COSTS, THEN YOU ARE SUPPOSED TO TIP?… I AM OUTRAGED. WE CLOSED IN MAY AND DID NOT TIP A SOUL. AND NOW I HAVE AN EXTRA FEW HUNDRED DOLLARS TO SAVE OR SPEND ON THE HOUSE.
Congrats on the closing .
Your attorney will tell you to write a check made out to cash . that’s the check the title rep will get .
I close on my 1st house in 7 days (House in Bklyn, closing in Manhattan) & I kind of wish I hadn’t seen this post. Now I have another $100 debit in my Quicken “House” account.
i’ve never interacted with the title rep, never seen them. i’m not in Brooklyn though, so this must be a Brooklyn thing.
title insurance is the biggest SCAM in real estate.
i’m not saying it isn’t important, but there is NO WAY the price is commensurate with their services. it just isn’t. but it’s required so they have you over a barrel.
quite often, in the olden days back before Notary Publics were allowed to be paid for their services as a Notary, a tip was considered standard as thanks for the convenience of their attendance at the proceedings. S’pose it’s a holdover from that since now, title reps are often the de facto Notary at closings.
the title rep . is the most important person there . ive alway tipped him/her $100
come on guys it’s a game…if you go to a closing where the lawyers are from brooklyn, the title guys from brooklyn, the realtors from brooklyn etc etc …tips will be expected…my lawyer told me to tip title guy too…if you’re a multiple closing machine you’re probably operating on different budgets/fees etc. so no surprise that you haven’t tipped…