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Conveyancing Fees - What You Should Expect by Kirti Saxena





Article Author Biography
Conveyancing Fees - What You Should Expect by
Article Posted: 06/01/2012
Article Views: 67
Articles Written: 230
Word Count: 486
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Conveyancing Fees - What You Should Expect


 
Real Estate
Homeowners who are not very much aware of the fees associated with conveyancing can get confused in terms of what this fees exactly includes. However, if people understand the process and the solicitor’s role properly, it won’t be as complicated and difficult as it seems to be, and one can easily find a good conveyancing quote.

A conveyancing solicitor is the person who helps in the process of transferring the ownership of of real estate or property in a legitimate way. A conveyancing solicitor, to start with, should always provide a quote that includes the basic fee and a list of disbursements.

Disbursements are fixed costs and these are charged in addition to the basic fee. It is incurred by the solicitor, and is then passed directly on to the person applying for conveyancing. The process of conveyancing is inclusive of various formalities that incur small to medium sized charges, and these have to be paid by the person in question. As per the process, the solicitor will sum up all these disbursements, add them to the basic fee, and prepare an invoice for this total, which is finally handed to the person in question.

In the case of conveyancing fees, the solicitor would charge an initial amount for his time and knowledge, which is the basic fee. This basic fee depends on various factors like the reputation of the firm or individual and the method used to calculate payment. There are three conventional methods of charging conveyancing fees.

One way is by charging a fixed fee, but this is not a common practice nowadays. The other way is by charging an amount per hour, which is a risky option and should always be avoided. This is because, if the conveyancing process is delayed, one would find himself stuck with a huge bill. The most preferred and common method is a sliding scale that is based on the value of the property in question. Before fixing on a conveyancing fee, the solicitor should always confirm whether the property that he plans to sell is freehold or leasehold.

One can find numerous law firms that provide conveyancing services and also claim to give away attractive offers at very cheap fees. People should always ask for their quote and read the quote carefully and in detail. If there are any hidden costs in the fees, it should be immediately rejected.

Always make an intelligent decision when it comes to considering the fees of the solicitors. It is never a wise act to go for a deal without verifying it completely. While dealing with fees, you should be cautious and must find out if the firm is charging competitive conveyancing fees. If there are any hidden costs, you should instantly verify their past track records in the field.

For more information on: Conveyancing Fees Get more information on: Legal Conveyancing

Related Articles - Legal Conveyancing, Conveyancing Fees,

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