Do you give your estate agent a gift at closing?
Buying and selling a property to many people is an unknown world which they have recently ventured into. For many, this means that not only is the entire process unfamiliar and alien to them. It also means that their etiquette and formalities in their interactions with their estate agent may be largely novel to them. One thing that new property owners may be wondering is whether they should give their estate agent a gift at closing. In this article, we will give you a rundown of the advice we can give you at FastCash4Houses regarding what we advise to our clients in relation to closing formalities.
What is closing?
In real estate, closing is the final step in executing a real estate transaction. This date is set during the negotiation phase and is normally several weeks following when an offer is formally accepted. The ownership of the property is transferred to the buyer.
Should I give my estate agent a gift at closing?
It is not a requirement for you to give your estate agent at closing. In actual fact, it is rare for estate agents to receive gifts at closing. This is not necessarily because clients do not appreciate their efforts, but rather because home sellers and buyers are preoccupied with moving and closing to focus on choosing gifts.
What gift can I give my estate agent?
If you are eager to express your gratitude to your estate agent for the time and effort that they have put into making your dream a reality, we can give you advice on ways to do so which are guaranteed to be appreciated by your estate agent.
Referrals and reviews are greatly appreciated by estate agents as it is a way that they will get more business in the future. Posting a positive online review on your agent’s Google business page or Facebook are great ways to show how thankful you are.
Common gifts such as gift certificates, gift baskets, flowers, and bottles of wine are also incredibly appreciated by estate agents. We would recommend gifting food as many estate agents lack the time to sit down and have consistent meals. Gift baskets could include cheese, crackers, baked goods, or many more items.
If you really feel like pushing the boat out, you may want to consider personalised gifts, such as jewellery or custom engravings. Brooches, cufflinks, and key chains are all appropriate for such gifts.
What about a more personalised gift?
Perhaps you have had the chance to get to know your estate agent really well. If you know that your estate agent has a burning passion or interest, then perhaps a novelty item which expresses their interest could show personal consideration. Even if it did not cost a great deal of money, it will show that you put time and attention into paying attention to their interest outside of their involvement with you.
In conclusion, at FastCash4Houses we recommend that you give your estate agent a gift which you feel is appropriate. Regardless of what you choose, we can assure you that it will be appreciated greatly by your estate agent.