Conveyancing Quotes Debunked

When it comes to Conveyancing quotes the figures you receive back can be confusing and vary greatly. After reading the below you will hopefully be able to understand how Conveyancing fees work in Queensland.

Conveyancing Costs can normally be broken up into the following areas:

What is a Conveyancing Professional Fee?

This is the service fee charged by the local Conveyancer for your transaction. Like Online Conveyancing Centre many firms charge this at a fixed rate but be sure to check with your Conveyancer before proceeding.

What to look out for:

• Is it a set fee?
• Are there any additional charges?
• What scope of work does the fixed fee cover?
• Do they charge extra for calls and emails?

What are required Property Searches?

Each Conveyance will have property searches through Government and service bodies that are required to complete your transaction.

What to look out for?

• Are the Conveyancing search fees marked-up?
• Have unnecessary searches been added?
• What searches are included?
• Do you have access to optional additional searches?

At Online Conveyancing Centre all your search fees are passed on at the same price charged by the search provider, no mark-up.

What are Outlays?

Some Conveyancing Solicitors charge a general fee known as “Outlays” to cover costs such as postage, phones, internet and faxes, luckily Online Conveyancing Centre do not charge an outlays fee and has bundled this cost into the Professional Fees.

• Is there an Outlays fee?
• What does it cover?
• Is it a fixed fee?

What is a Settlement Fee?

Depending on the location and method of Settlement a Conveyancing Lawyer may charge a fee passed on by a third-party service provider such as a Settlement Agent or PEXA (Property Exchange Australia). Common pricing for settlement fees as at November 2018 is as follows:

PEXA Digital Settlement: $112.64
Brisbane CBD: $77
Gold Coast CBD: $55

What to look out for?

• Is the fee reasonable?
• Do they add any mark-up to this fee?
• What is the Settlement location listed on your contract of sale?

How do you know if you are getting an incomplete or dodgy quote?

Like all industries, there are sharks looking to lock you into a deal, be wary of the following traps with cheap Conveyancing quotes:

What to look out for?

• Does the quote include GST?
• Is the fee fixed price for the Conveyance or does the firm time-charge the transaction?
• Were you quoted on Conveyancing search fees?
• Have you been quoted for all anticipated Conveyancing costs?
• Is the price too good to be true? If so ask why!
• Is the company Transparent and open about their Conveyancing costs?

How do you know you have found a trustworthy Conveyancing company?

How do you know you have found a trustworthy company? What to look out for?

• How long have they been in service?
• Do they have good customer testimonials?
• Do they specialise in Conveyancing works?
• Do they offer additional customer communication tools? E.g. Online tracking, Mobile Apps?

At the end of the day a bit of research and due diligence can make a big difference between and quality service and a poor one, luckily for you, I think you just stumbled upon the best in the business here at Online Conveyancing Centre

What does Conveyancing cost?

Conveyancing costs range greatly depending on the type of transaction and whether you are using a dedicated Conveyancing firm or a large multi-disciplinary Law Firm and it is always best advised to obtain a direct quote from a Conveyancing company before confirming their services.

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