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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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Tipping the title guy.....
My lawyer emailed me my closing costs and also said it was customary to tip the title guy $100. To be honest, our title costs aren't exactly cheap.... ....but, my question is, would you still tip even after all the money you're shelling out?
Thanks....
PS No one we've asked has ever heard of tipping the "title guy".
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Posted 5/6/07 10:28 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
ckdk
My girls
Member since 5/05 7027 total posts
Name:
Cheryl
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Re: Tipping the title guy.....
You'll get mixed answers on this...
we tipped our guy, but I also work for the title company so I knew it was pretty customary.
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| Posted 5/6/07 10:38 AM |
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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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Re: Tipping the title guy.....
Yeah, that's what I figured. This is somewhat of a mixed emotion topic...
But thanks anyway
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| Posted 5/6/07 10:59 AM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: Tipping the title guy.....
WOW!! i had never heard of it!
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| Posted 5/6/07 12:18 PM |
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dbleplay17
My 2 boys!
Member since 10/06 4578 total posts
Name:
Chrissy
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Re: Tipping the title guy.....
I have no idea if we even gunna have extra money after we write all the checks for the closing!
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| Posted 5/6/07 1:04 PM |
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chris605
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Member since 5/05 3205 total posts
Name:
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Re: Tipping the title guy.....
I didnt - No one even told me about that...
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| Posted 5/6/07 1:20 PM |
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jklein1323
LIF Adolescent
Member since 11/06 847 total posts
Name:
J
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Re: Tipping the title guy.....
Yes U always tip the title closer, they work independently
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| Posted 5/6/07 1:54 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Tipping the title guy.....
Even though you are paying the title company all that money the title closer is not making any part of that, they only get the tips that they receive at the closing. The tip is usally $100-$150 and is something the buyers usually give but at many closings both the sellers & buyers will give a tip.
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| Posted 5/6/07 2:46 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Tipping the title guy.....
we didn't tip anyone at the closing. we didn't know we were "suppose to" and in my opinion they are doing their job..why tip them!
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| Posted 5/6/07 2:58 PM |
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Re: Tipping the title guy.....
It's pretty standard. We followed our lawyer's advice on this.
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| Posted 5/6/07 2:59 PM |
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jenheartsrob
LIF Adult
Member since 5/06 1861 total posts
Name:
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Re: Tipping the title guy.....
Hmm our lawyer didn't mention it to us and honestly I never heard of it. It was a co-op and the title guy wasn't physically present so maybe it was different for us?
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| Posted 5/6/07 3:22 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Tipping the title guy.....
Posted by jenheartsrob
Hmm our lawyer didn't mention it to us and honestly I never heard of it. It was a co-op and the title guy wasn't physically present so maybe it was different for us?
That is correct there is no title company at a co-op closing because there is no title of real property being transferred just personal property (the stock).
It is true they are doing their job but they aren't getting paid for it--it is a very weird industry some title closers add it to your bill some of them just hope that they will receive a tip (which is the wrong word for it because a tip is above what you would receive as your pay and they receive no pay). It is very customary and some attorneys just don't know they should advise their clients to give the title closer a "tip".
Message edited 5/6/2007 3:31:24 PM.
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| Posted 5/6/07 3:28 PM |
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mrsmck
Be a big girl!
Member since 5/05 4898 total posts
Name:
Donna
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Re: Tipping the title guy.....
our lawyer told us it's customary to do so.
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| Posted 5/6/07 3:35 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: Tipping the title guy.....
Keep YOUR money for something in your nice new house, you'll need it. Tipping has gotten way out of hand.
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| Posted 5/6/07 3:48 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: Tipping the title guy.....
Message edited 5/6/2007 9:46:05 PM.
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| Posted 5/6/07 4:20 PM |
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Suzan
LIF Adolescent
Member since 5/06 754 total posts
Name:
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Re: Tipping the title guy.....
We tipped $125
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| Posted 5/6/07 6:30 PM |
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Jacksmommy
My love muffin!
Member since 1/07 5819 total posts
Name:
Liz
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Re: Tipping the title guy.....
The mortgage guy told us we were supposed to and we anticipated doing so but I didn't even know who it was so we didn't tip!
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| Posted 5/6/07 6:31 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Tipping the title guy.....
We did...our lawyer told us it was customary...I think we did $150.
Honestly, with all the money you're shelling out that day...that $150 seemed more like $1.50
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| Posted 5/6/07 6:46 PM |
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Stefanie
♥
Member since 5/05 23599 total posts
Name:
Stefanie
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Re: Tipping the title guy.....
Our lawyer wrote down on a piece of paper $250 and said this is what the title person gets. I took the pen and crossed out the $250 and said this is what we're giving.
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| Posted 5/6/07 7:18 PM |
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jodi714
Love my little girl!
Member since 2/06 3621 total posts
Name:
Jodi
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Re: Tipping the title guy.....
We were also told it is customary by our lawyer as well as my MIL who is a RE broker. We tipped $100 and were told it would help ensure that our title got recorded quickly.
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| Posted 5/6/07 7:27 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: Tipping the title guy.....
Jeez, it seems like everyone has their hands out to get our money as it is, and we're supposed to tip this title person too?
Crazy.
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| Posted 5/6/07 10:01 PM |
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MommyofG
just the girls
Member since 5/05 9461 total posts
Name:
Janice
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Re: Tipping the title guy.....
we didnt nor did anyone say anything either. IMO tipping is out of control these days. Its ridiculous.
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| Posted 5/6/07 11:17 PM |
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hbugal
Lesigh
Member since 2/07 15928 total posts
Name:
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Re: Tipping the title guy.....
Ive been through a couple of closings and its been customary to tip them...
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| Posted 5/7/07 12:24 AM |
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Lillykat
going along for the ride...
Member since 5/05 16253 total posts
Name:
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Re: Tipping the title guy.....
While I agree that tipping is out of control we asked around - my parents have bought 6 places over the years and from them as well as everyone else we asked about this did say it was customary to tip and that it was not a new concept.
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| Posted 5/7/07 7:06 AM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: Tipping the title guy.....
We DID NOT tip anyone at closing.
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| Posted 5/7/07 7:29 AM |
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