Avoiding Extra Conveyancing Fees

Posted on May 17th, 2017

In today’s age and time, where purchasing and selling of property has gotten much more frequent and quick, it is no surprise that conveyancing has converted into a fully-fledged business for many people.

But as the number of conveyancers has increased, so has the competition. In such a field, with increasing saturation, finding an honest and trustworthy conveyancer has become a rather difficult task. To help our valued clients, we are going to outline some of the things that should not be a part of your conveyancer’s quote, to help you save from that “lowest quote” that turns out to be twice the amount at the end of the whole process.

What to Expect?

If it’s the first time you’re going to be using the services of a conveyancer, the first thing you would naturally do is ask for a quote. Now a quote usually includes only the conveyancer’s basic fees. This basic fee can vary in great amounts depending on the firm you’re looking to hire.

Apart from the solicitor’s basic charges, if you’re looking to purchase property there will also be a searching fee for the conveyancer. The quote will also most likely include registry fees, which the conveyancer will pay to the government’s Land Registry department for writing the new property in your name. Good companies like Conveyancers Sydney, will also give you the amount of stamp duty required to be paid.

What to be Cautious About?

Some conveyancers will commit to having the lowest basic fee but will find other ways to rip you off. So you have to be careful when dealing with these kinds of solicitors and ask them for a detailed breakdown of their quote. Some common tags for charging extra fee that such solicitors use are separate charges for indemnity insurance, postage, phone call bills, copying costs, filing tax return, and surplus charges for property under leasehold.

The Best Way Out

The best way out of this pickle is to select a firm or conveyancer you can trust. There are a few firms in Sydney that have been working in this field for a long time, and have upheld their reputation with their high quality of solicitors and fair means of providing services. One such firm is Conveyancers Sydney. If you look around for a number of quotes, it can give you a pretty good idea of what to expect, so you can make your choice accordingly.

Selecting the first “cheapest” quote you get can turn into a grave mistake because these are usually just to catch the client’s attention. Once the deal is done, there are usually many extra fees added to the invoice, which shouldn’t be there to begin with.