Why does conveyancing cost money?

Conveyancing costs money because there are often industry professionals who are providing a service to you, including helping you navigate the complexities of the process, and ensuring you are receiving the right advice.

Conveyancing can involve many steps, for example:

• Preparing the contract 

• Examining and providing advice on the contract

• Reviewing building and pest reports 

• Providing critical date reminders 

• Examining a strata inspection report (if the property is in a strata scheme)

• Communicating with the incoming or outgoing financier

• Exchanging the contract of sale

• Holding the deposit 

• Arranging payment of stamp duty 

• Examining the mortgage agreement 

• Undertaking searches at the request of the client 

• Checking if there are outstanding arrears or land tax obligations

• Checking swimming pool compliance certificates 

• Finding out if any government authority has a vested interest in the land or if any planned development could affect the property

• Finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work

• Calculating adjustments for council and water rates for the property settlement

• Overseeing the change of title and preparing transfer paperwork 

• Completing any final checks prior to settlement

• Calculating adjustments for outgoings at settlement 

• Attending settlement

Although seeking a good price is valuable, it is just as important to ensure you engage the right people at the right time and ensure you understand the complexities of the service they are offering. This is because some practices often do not have a fixed price, and the cost can range significantly depending upon the service they are providing.

To combat this growing issue, our conveyancing process is delivered through a fixed professional fee for specific inclusions. We understand, however, every situation is unique, and should you require additional specific excluded services or outlays, then there are additional costs. This enables us to keep your transaction affordable and allows you to customise your own conveyance to save on costs.

Why not find out what your conveyancing fees should be by clicking here.