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Post by Ryann on Aug 16, 2014 18:28:46 GMT
DH and I get the keys to our new home on Tuesday!! Is it customary to give thank you gifts to your lender or real estate agent? For the most part they have both been really great to work with and I feel like we should, but wasn't sure if it is normal or even expected? We are first time homebuyers and don't want to get this "wrong" if this is an unofficial part of the process. Thank you!  |
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Deleted
Posts: 0
Oct 9, 2024 14:15:03 GMT
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Post by Deleted on Aug 16, 2014 19:01:02 GMT
We did give our realtor a gift card (to a home decor store we knew she liked) and a thank you card because she was amazing and awesome and we wouldn't have been able to buy our home without her. She even arranged for a private loan for us through someone she was "extremely close to and trusted above anyone else" when our original financing fell through due to a error in the original paperwork. We ended up finding a last minute mortgage through another bank (that she recommended to us), so we didn't end up using her private loan, but she was totally amazing.
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scrapaddie
Drama Llama
Posts: 5,090 
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Post by scrapaddie on Aug 16, 2014 19:17:39 GMT
You are paying your realtor.... It is common for them to give you a gift!!! They just got a big payday!!!
Your lender will be getting paid for the next 30 days.... They also used to give gifts. Maybe I am too cheap but it would never occur to me to give either one a gift .
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Deleted
Posts: 0
Oct 9, 2024 14:15:03 GMT
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Post by Deleted on Aug 16, 2014 19:26:14 GMT
No. Not necessary.
Our mortgage broker gave us a thank you and a restaurant GC...totally unexpected.
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LisaDorothy
Full Member
"Do it now 'cuz tomorrow ain't promised today"
Posts: 234
Jun 30, 2014 15:47:18 GMT
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Post by LisaDorothy on Aug 16, 2014 19:29:05 GMT
I think it is customary for them to give you the gifts, not the other way around.
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Post by Eddie-n-Harley on Aug 16, 2014 19:34:01 GMT
I can see why you might want to do that for a real estate agent-- they have, after all, schlepped all about town to show you things, a bit like a concierge. I think I might send flowers to the office, or maybe a thank you card with a starbucks or panera card or similar. Maybe for a restaurant near their office. Nothing too expensive, though. $25, maybe. It would not, however, ever occur to me to think about giving a gift to my lender. I didn't get anything for the guy at the credit union who gave me the car loan, nor did I send anything to the companies who have ever held my student loan. Although I bet if you really wanted to express your appreciation for their help in the loan process, a really heartfelt letter with high praise sent to both the loan officer and his/her supervisor might be nice. Something to keep in the personnel file. |
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Post by airforcemomof1 on Aug 16, 2014 19:52:50 GMT
I work in a real estate office. Agents are ususally the gift givers but sometimes their clients send the agent flowers. And sometimes they send some sort of food gift for the entire office or front desk staff. Makes us feel appreciated, too, but definitely not expected.
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loco coco
Pearl Clutcher
Posts: 2,662
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Post by loco coco on Aug 16, 2014 19:54:10 GMT
they should give you the gift! ours gave us a monogrammed cutting board and really nice olive oil
congrats on your new house!
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Post by sues on Aug 16, 2014 19:55:31 GMT
Ours realtor bought us a gift, but we did take her out to lunch after the closing. She was wonderful.
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Post by Sam on Aug 16, 2014 19:58:59 GMT
Over here, the purchaser does not pay the agent (agent works for the vendor only). I used to work with an estate agent and they often get cards (sometimes chocolates or a bottle of wine) from either side.
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Post by leannec on Aug 16, 2014 20:25:43 GMT
My dh is a realtor and he does get the occasional gift from clients but it is certainly not expected ...
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anniebeth24
Pearl Clutcher
Posts: 3,720
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Post by anniebeth24 on Aug 16, 2014 21:12:58 GMT
We've received housewarming gifts from our realtors twice when purchasing homes. Never thought to give gifts to them. Perhaps you could offer to be a reference for them or ask if there's a review site where they'd appreciate a positive post.
Congrats on your new home!
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paget
Drama Llama
Posts: 7,042
Jun 25, 2014 21:16:39 GMT
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Post by paget on Aug 16, 2014 21:50:01 GMT
I hear of agents buying their customers the gift! And we when closed on ou house we sold our agent bought us a gift.
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Post by jenettycakes on Aug 16, 2014 21:54:30 GMT
No but our agent's daughter is a caterer, used her for our baby shower, so on moving day our agent dropped by with an ice chest and lunch for 15 of various sandwiches, salads and sweets. Very much appreciated it!
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Post by whipea on Aug 17, 2014 0:03:11 GMT
We have received gifts from realtors but just have just given them a thank you card. They get a well deserved and hard earned commission.
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Post by Scrapbrat on Aug 17, 2014 0:03:34 GMT
Your realtor will probably give YOU a gift!! It is common. A thank you card to each from you would be appreciated, I'm sure.
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GiantsFan
Prolific Pea
Posts: 8,457
Site Supporter
Jun 27, 2014 14:44:56 GMT
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Post by GiantsFan on Aug 17, 2014 0:39:08 GMT
The two times we've bought homes, our realtors (different people) have given us gifts of a really nice gas grill. I know it's not typical, but I'll take it. LOL!
Our last realtor, we got to know really well because we were looking for something specific and we looked at a LOT of properties. And, he was the agent to sell our old house. He always had a Starbucks cup with him, so I got him a $100 card and a re-useable cup.
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bomo
Full Member
Posts: 150
Jun 26, 2014 15:54:49 GMT
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Post by bomo on Aug 17, 2014 1:31:01 GMT
It didn't even cross my mind to give them a gift. We received a very nice gift from our realtor.
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scrapaddie
Drama Llama
Posts: 5,090
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Post by scrapaddie on Aug 17, 2014 2:19:54 GMT
The realtor just made a bunch of money from your purchase... In our sea they gve the huge a gift, not the other way around. Nor have I heard of anyone giving a lender a gift
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Post by sunnyd on Aug 17, 2014 2:25:32 GMT
As a realtor I've received gifts from clients but it's definitely not expected at all. I've been given movie passes, edible arrangements, cookies, etc. The VERY BEST gift you can give your realtor if she did a fabulous job is REFERRALS! And a heartfelt thank you note always makes my day, but again, not expected.. Congrats on your new home! |
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Post by Ryann on Aug 17, 2014 2:49:00 GMT
Thank you everyone for responding! I guess it makes sense to not give the realtor a gift since they are making a nice chunk of change from our purchase. I love the idea of leaving good reviews on social media / review sites. I can definitely do that for both the lender and our agent. Thank you for all the congrats wishes too! I will still send a thank you card, but keep in mind that I don't need to go overboard with a gift card. |
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craftchickapowpow
Full Member
My Circus My Monkeys
Posts: 206
Jun 26, 2014 16:12:18 GMT
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Post by craftchickapowpow on Aug 17, 2014 3:16:59 GMT
I've never heard of such a thing. Commission and maybe a referral is more than adequate for the real estate person and the bank...well just NO!
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eastcoastpea
Prolific Pea
Posts: 9,252
Jun 27, 2014 13:05:28 GMT
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Post by eastcoastpea on Aug 17, 2014 14:27:58 GMT
Our realtor gave us a gift basket. We give her referrals. A thank you note is nice.
Congrats on your new home.
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