Posted by Alice/MD on 12/21/11 1:37pm
Msg #407241

Its just a single refinance

When I get the call and told .... "it's just a single refinance" I can expect the fee offered to be $XX. They then say "I will call you back if I can't find anyone." I up the fee when they call me back. Is this bad business?

Reply by Linda Juenger on 12/21/11 1:51pm
Msg #407244

I don't "up" my fee. My fee is my fee, accept it or don't.

Reply by Moneyman/TX on 12/21/11 2:58pm
Msg #407255

As a general rule, I agree with Linda. However, if they were to call several days in advance for the signing and not accept my fee (code for I'll call around to try to find someone to accept the $75 type of fee) then call me a few hours prior to the signing, I might add a rush charge fee to the new quote (or I might not, just depends). IMO, it is not unprofessional to add a rush fee to a rush job if one wants to.

Other than that type of situation, the fee I quote them is the fee they would receive if they call me back in regular situations.

BTW, a "single refinance", generally speaking, takes just as long as a "simple refinance", a "just a refinance", "a refi", etc. Be sure to price your services based upon the job and not any marketing techniques that make it sound easier or less time consuming than it really is. jmo

Reply by PublicTipic on 12/21/11 7:22pm
Msg #407296

I don't believe so. They always look for cheaper notaries and docs are never on time. It's a waste of your time and it's last minute without notice, by charging a little extra, you get a reasonable fee for the assignment, complete it, and it's over with. The signing co is saving time and $ too...

Reply by Robert Williams on 12/22/11 6:50pm
Msg #407378

I charge a flat fee depending on how far away it is.

I do charge extra for "Rush" or last minute signings as well as an extra fee for fax-backs. If they are particularly annoying you can always just turn it down when they call back.