Posted by Karen H. Collier on 2/22/12 6:00am
Msg #412578

RATES

Good Morning:

I am a newly signing agent in the Charlottesville, Virginia area and wanted to see what others are charging for signing rates, (such as cost per mile, standard rates for preparation, fax back costs, etc). I haven't gotten any signings and want to get the referrals.

Reply by dutchcloser on 2/22/12 7:24am
Msg #412582

Use the orange search button n/m

Reply by Lee/AR on 2/22/12 7:49am
Msg #412584

Before you market yourself it's best to do your own math as one size does not fit all.
Check this out and do the math as is applicable to you alone. Do NOT just accept whatever they offer without KNOWING that it's profitable, given all circumstances involved.

http://www.inc.com/guides/price-your-services.html

I do not understand what you mean by your last sentence.

Reply by Linda_H/FL on 2/22/12 8:02am
Msg #412587

Re: RATES..this is something only you can decide

Do our math, figure ALL your expenses and set a rate that covers those plus makes you a profit. As was said, one size does not fit all.

One thing I will tell you - do not believe companies when they tell you "oh, all the notaries are doing it for $XX" - companies that do this are just looking to talk you down on your fee. Unless of course they say $200 or more...then just hush and accept the job..

Reply by 101livescan on 2/22/12 8:21am
Msg #412590

With the huge hike in gas prices, I've got to figure out a way to cut expenses and make more of my signing day. That is, no low ballers, pls. With gas at over $4 today (on my way to gas up!), I'll be more selective of how far I go, and can I do a trail home rather than doubling back.

Yesterday I was fortunate enough to have four in a row in the same place, the evening signings were only five miles apart. It was a good day.

Be sure to factor in costs for paper, toner, telephone, insurances, business cards, fax line, amortization of your business equipment, costs to become a notary/loan signing agent, and don't undercut your competition, it will only degrade your own business and revenue.

Good luck!

Reply by Linda_H/FL on 2/22/12 8:25am
Msg #412591

And once again...don't forget to factor in taxes on your

I know I keep repeating this but I'd bet your bottom dollar that this is the one expense most often overlooked - until January/February rolls around.

Reply by 101livescan on 2/22/12 8:36am
Msg #412593

I should have said that I immediately factor 30% for taxes and expenses, and that certainly puts things in perspective for me when I'm negotiating my signing fees.

Reply by NJDiva on 2/22/12 1:14pm
Msg #412628

Lest we forget Ladies....MARKETING! The fees we pay

for marketing can sometimes be substantial. Did you include Internet/fax service, car maintenance (I put over 15,000 miles on my car last year- with repairs to my tires...nails in them...and windsheild...rocks flying up,) tolls, etc., etc.?