What are the price ranges in conveyancing?
Conveyancing is a relatively simple and straightforward legal process. Many providers of conveyancing services have set prices for particular services. As long as the service you require fits the mould of the product and most of conveyancing providers have, you should be able to get a standard price from at least one provider. For a completely straightforward residential conveyance with no caveats, one mortgage no complicated covenants, easements or other encumbrances on the property the price that you could expect to pay could be anywhere from $700-$1200 in professional fees plus disbursements in relation to purchase. Of, however, the property is the large commercial office space with several title deeds associated with it, several mortgages, several covenants, several easements, a history of development with or without council approval and there is a system of strata to consider you could expect to pay $5000 in professional fees to prepare the transfer of a property like this. Normally the vendors side fees are slightly higher than the purchaser fees because there is the preparation of contract in relation to the vendor. Although a purchaser may wish to negotiate in relation to a contract which could be an extremely complicated affair and cost several thousand dollars in professional fees as well.
What are the issues with different service providers?
Conveyancing services are like anything else in it you often get what you pay for. There are some differences between solicitors who conduct property transactions and between conveyancers. The most common one is that the solicitors have professional indemnity insurance. The levels of quality in conveyancing services differ between providers and it is not necessarily true that solicitors will always be better providers of conveyancing services. However, solicitors are professionally trained through five years of study at university and a professionally liable for the consequences of their actions and have professional indemnity insurance. For this reason you are protected if a solicitor makes a mistake where you are not if a conveyancer makes a mistake.