Tips for the Home Sellers of Your Dreams

The demand for home sellers to continue tipping well after they’ve sold is one of the hazards of selling a property in a hot real estate market. It’s unrealistic to expect a 75 percent of the closing costs will be returned, and a tip or even a modest gift is still appreciated. Unless you’re willing to pay a total cost of almost half of the closing costs, then offering a larger amount will be appreciated, and gratitude will show. But don’t tip too much. Be reasonable.

Nate

Holiday Tip: Up to half

Research from my years selling homes in Florida shows that in the winter months, a tip is appreciated far more than a gift. If you’re in the Northeast, the East Coast is bone-chilling and not a good time to visit a transaction. But, if you have a lot of money on hand, a major cash tip is expected. St. Patrick’s Day is a good time, especially if you’re from Ireland, although for those Irish in the Northeast, St. Patrick’s Day is a dangerous holiday. To help ensure safety, add a deposit.

Nate

Holiday Tip: Zero to $100

You might wait until your close to give a holiday tip, but that is better than giving it when you’re closing. If you tip on the purchase price, your gift will have no impact on the cash price or whatever it takes to close the deal. If you don’t, the money you received from the buyer for gift or donation is extra income and the scammers can’t trace it back to you. However, most home buyers often offer much smaller tips than the closing costs.

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Holiday Tip: Above $100

Remarkably enough, many of the homes in great demand over the last three years do not require a tip. However, if it is the deal of a lifetime, a tip is appreciated regardless of the level. Even a 75 percent tip would be a pleasant surprise for buyers and sellers.

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