Should Sellers Leave a Gift for Buyers?

When a home sale concludes, sellers often consider leaving a gift for the new buyers. This gesture, while not universally practiced, is common in various regions across the United States. The act is typically viewed as a demonstration of goodwill, aiming to foster a positive connection as the buyers embark on their new chapter in the home.

Motivations for Gifting

Sellers choose to leave gifts for buyers to foster a positive final impression. This act can be a genuine expression of appreciation for a smooth transaction, acknowledging the collaborative effort involved in completing the sale. Providing a thoughtful item helps to solidify a pleasant memory of the selling experience for both parties. It also serves as a welcoming gesture, signaling warmth and hospitality to the incoming residents. A gift allows sellers to express good wishes for the buyers’ future in the home, concluding the transaction on a harmonious note.

Selecting an Appropriate Gift

Choosing a suitable gift involves considering items that will genuinely benefit or delight new homeowners. Practical items are often well-received, such as gift certificates to local restaurants, which can offer a welcome break during the moving process. Small toolkits or cleaning supplies can also be very useful for immediate needs in a new residence. Alternatively, sellers might opt for local treats, showcasing regional specialties, or subscription services that provide ongoing enjoyment. A personalized note with tips about the neighborhood or the home’s unique features can also be a meaningful gesture.

Key Considerations for Sellers

Sellers should consider several practical aspects when deciding on a gift. The budget allocated for a gift does not need to be substantial, as the value often lies in the thoughtfulness rather than the monetary cost. Timing is also important; gifts are typically left at or shortly after closing, allowing for a clear separation from the transaction itself. If considering a personalized gift, sellers should be mindful of the buyers’ privacy and avoid overly personal items.

From a tax perspective, a gift given by a seller in a personal home sale is generally not considered a tax-deductible expense. Furthermore, for the buyer, such a gift is typically not considered taxable income.

Beyond Traditional Gifting

Beyond physical gifts, sellers can offer other thoughtful gestures that new buyers often appreciate. Compiling a binder with helpful information, such as appliance manuals, paint color details, or contact information for local services like plumbers or electricians, provides immense value. Ensuring the home is meticulously cleaned and well-maintained upon handover is also considered a significant and welcoming gesture. A simple, heartfelt note expressing good wishes for their new life in the home can create a lasting positive impression.

These non-traditional acts demonstrate care and consideration, highlighting that a formal gift is not always a requirement for a positive transition. In many transactions, a gift is not exchanged or expected, and its absence does not diminish the successful outcome of the sale.