just purchased a home

Home Forums Decaffeinated Coffee just purchased a home

Viewing 14 posts - 1 through 14 (of 14 total)
  • Author
    Posts
  • #597104

    relaxation
    Member

    I just purchased a home, am I supposed to give my lawyer or mortgage broker a “tip”

    #770987

    TheGoq
    Participant

    Mazal Tov , i don’t know

    #770988

    ☕ DaasYochid ☕
    Participant

    I don’t think so. Tips are usually for low wage earners.

    Mazel tov!

    #770989

    aries2756
    Participant

    No, they will get their fare share in their bill and their commission respectively.

    #770990

    Didn’t you pay them enough? I’ve never heard of tipping them in addition to their regular fees.

    #770991

    nishtdayngesheft
    Participant

    Not the lawyer or broker. However the mortgage closer, if there was one usually gets a tip.

    #770992

    Mazel tov and no way

    #770993

    Perhaps you did not yet receive the lawyer’s bill if you are ready to tip him. Even if you did and you want to give him something for Hakoras Hatov, i would wait. In dealing with such as buying homes, wait as things come up. If you bought a condo and you may have a leak(which will show up later such as after a rain) you may need the lawyer to intervene as the builder may ignore your calls. In our dealings we never tipped, the price was very well paid. Let me ask you, how often do you get tipped? Don’t get me wrong, any delivery person gets tipped when he drops something at our home. Even if we are not home, i will double tip next time i see the same delivery person.

    #770994

    Sacrilege
    Member

    Congrats!

    Your lawyer will give you a bill as will the broker. The title closer gets a ‘gratuity’ which is factored in to closing costs. Some people give a little extra to their lawyer if they were very happy with their work, but it is definitely not expected or common place.

    #770995

    relaxation
    Member

    I paid my lawyer and title closer(at the closing) just wondering what protocal was as I drove my mortgage broker nuts, but I guess u all answered my question.

    #770996

    MDG
    Participant

    Mazel Tov.

    #770997

    Sacrilege
    Member

    If you are feeling grateful you can buy him/her a bottle of wine or a small gift, I’m sure they will appreciate it and there is no protocol when it comes to hakoras hatov.

    #770998

    nfgo3
    Member

    You bought a house and have enough left for a tip? Mazel tov.

    To Sacrilege: the “tip” to the title closer – always paid in cash – is not disclosed in or figured into any of the closing cost estimates. It is a sleazy practice that the legal profession and title insurance industry have maintained for at least half a century.

    The only people I know who have offered tips to their lawyers were well-meaning but very dishonest people.

    #770999

    Sacrilege
    Member

    A good attorney advises his client on all eventualities. If the client is going to have to pay the Title Closer $150-$350 (depending on the Closer) at the closing its the attorneys responsibility to make his clients aware, your personal political views on the matter notwithstanding.

    That is gross sweeping accusation which in my personal experience I find to be not true.

Viewing 14 posts - 1 through 14 (of 14 total)
  • You must be logged in to reply to this topic.