As a buyer, after you have placed an offer on the property you wish to buy, you will need the services of a conveyancer. This is to facilitate the transfer of the legal ownership of the property from the seller to yourself. Buying a property is expensive, and people are especially concerned with conveyancing fees because they can be costly too.
Nowadays, there are a lot of conveyancing companies offering their services. How then can you make sure that you are given a reasonable quote? Listed below are the tips you need in order to ensure value for money when choosing a conveyancer.
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Consider going for a conveyancer with a fixed fee service
This is particularly helpful for those who are working on a tight budget. Usually, conveyancing fees start with a basic fee with additional disbursements. This could be particularly hard to manage, as you will never know how much you are going to pay the conveyancer until the deal is closed. Some conveyancers also charge per hour of consultation while others base their fee on the value of the property that will be purchased or sold. There are companies that offer fixed conveyancing rates where you will know exactly how much money you will need to pay by the end of the property transaction. You will have to keep your eyes open for these types of companies. They provide a fixed price from the start, so you know exactly what you need to pay.
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Be aware of hidden costs
Ask the conveyancer outright if there are additional fees you do not know about yet. Some cheap conveyancing fees are very deceiving, as they only advertise the basic fee of the conveyancer and not the disbursements. A seemingly cheap conveyancing fee turns out to be very expensive after all. Therefore, you should ask for a complete and detailed list of expenses you will need to pay. Take time to compare conveyancing quotations from different companies and don’t hesitate to ask questions. As a potential client, you don’t want to end up shocked after receiving the bill for the whole transaction.
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Ask estate agents
For those who want to save money, ask the opinion of your real estate agent. The recommendation for conveyancers usually comes from them, as they are the ones who actually work alongside them. They are knowledgeable on the credentials, fees, and specialisations of most conveyancers operating within the area. Most real estate agents will be more than happy to advise you on where to find specialists charging the most affordable conveyancing fees. Mortgage companies like Altrua Financial may also be able to assist you.
Aside from considering fees, you must always be wary when choosing a conveyancing company. Do not go for one merely because they offer cheap conveyancing fees. Remember that a truly reputable company will never mislead their customers by giving false quotations. Look into the company’s reputation and the reviews of their past clients. You will learn a lot about the conveyancer from these testimonials.
Kevin
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