How To Understand Conveyancing Fees
There’s a lot to think about when you are selling your property. One of the first questions you may ask when you call us is:
“How much does conveyancing cost?”
There are no set fees for hiring a Certified Licensed Conveyancing solicitor. Each property transaction is different to varying degrees. We strongly recommend using a licensed conveyancing solicitor or lawyer and always get a number of quotes so you gain and understanding of the range in conveyancing fees. If you can get a service recommendation, even better.
Do be aware when choosing to engage a conveyancing solicitor that the lowest price is not a reflection of the best service. Generally, conveyancing fees may range anywhere from $600 at the lowest, to as much as $2,500. The final figure is dependent on whether you are buying or selling and what is involved. Searches may uncover issues.
There is no definitive set price for average conveyancing fees and it’s a difficult question to answer. Depending on your conveyancing needs which are determined by your specific situation, your personal goals and needs and the different parties involved in your transaction, it’s impossible to provide a exact total conveyancer fee cost immediately.
Providing your conveyancing solicitors don’t uncover anything unusual during your transaction, good conveyancers are able to provide a close estimated conveyancer fee cost. Yes, sometimes hiccups occur during your transaction. Unforeseen risks or events do appear, and as such exact costs are provided closer to settlement.
How Are Conveyancing Services Priced?
- Standard Search Fees – Third Party Costs such as Utilities, or costs payable to Council, etc.
- Fixed Rate Professional Legal Fee – Conveyancing Works, The Labour, Conveyancers’ Time.
- Additional Costs – These may include paying for services outside a “Standard conveyance job” and applicable “Standard Search Fees”.