What Is Fixed-Fee Conveyancing?

You’re buying a home, and that’s exciting! Buying a home can be overwhelming in many ways. You have to find the right house for you and your family or partner in a suitable location. The last thing you want to worry about is a large conveyance legal fee.

Conveyancing is the process in which land is transferred from one owner to another. Conveyancing is necessary when buying and selling a home, but fixed-price conveyancing in Brisbane can save you thousands of dollars. Conveyance fees range from two to five percent of the total cost of the real estate. This is a pretty wide range and it leaves very little room for financial planning. Here’s what you need to know.

What do conveyance lawyers do for you?

Both the buyer and the seller benefit from having a conveyance lawyer. Not only will you get a knowledgeable expert on the subject of conveyance, but the lawyer can help you into your dream home faster. Conveyance lawyers explain all processes and documents to you in terms that you can understand. They perform tasks for the buyer such as preparing documentation for the sale, researching the property and any certifications needed for the sale, transfering the deposit money into a trust account, calculating rates and taxes, and settling the property.

That’s a lot of work to do, but it’s all worth it to see you in your dream home. Conveyance lawyers also help sellers with legal paperwork, extensions, home title questions, and in-person representation for the buyer, even if you’re unavailable to attend. Not all lawyers offer fixed-fee conveyancing, and some even have fixed-fee conveyancing but still charge for certain disbursements. It is always advisable to ask about all fees that you might incur during your legal consultation.

Why choose fixed-fee conveyancing?

You know when you go to a hotel and they set out bottled water on the counters that seems free, but after you drink the water, you see the hotel bill and you’ve been charged $3.50 for it? That’s what it’s like when you’ve chosen to retain a conveyance lawyer without fixed fees.

Property conveyance lawyers in Brisbane who do not offer fixed-fee conveyancing can overcharge their clients by billing for disbursements such as photocopying, telephone conversations, and even postage. If you choose to go with a conveyance lawyer who offers fixed-fees, they are upfront about the total cost and you won’t be surprised when you get the bill.

What are disbursements?

Disbursements are a category of fees that lawyers can charge for their services. These fees can range in price and are determined on a property-by-property basis. For instance, a title search for a home can be anywhere from $20 to $100. There are certificates and diagrams that must be applied for in order for the property to pass inspections for the seller, and these can range in cost from $20 to $250. Conveyance fees can surpass your expected costs in no time, especially with older homes. Disbursements are typical when dealing with conveyance, but with a fixed-fee conveyance, you’re aware of the fees.

With all the work that comes along with searching for a home, leave the paperwork to a conveyance lawyer. Conveyance lawyers are there to help you through any legal disasters that can occur with the sale or the purchase of your home. Ensure that you’re getting the best price possible by getting a conveyance lawyer who has a fixed conveyance fee, to cut the cost of moving and even have a little money left over to spruce up your new home.