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Hi guys,
I too am looking for a good recommendation. My partner is in Malaysia (she is a Permanent Resident) and is buying a unit in Melbourne. I've bought in Brisbane and I paid well under $1000 for all legal and conveyancing fees. This is what an agent has quoted her (and it sounds like utter BS to me):
"As discussed, our professional fees for acting for you in your purchase of the property including receiving instructions, arranging for Searches and Certificates; correspondence with and attendances upon yourself, vendor’s solicitors/conveyancers and your lender (if applicable); preparation of Transfer of Land; drawing Statement of Adjustments, co-ordinating with your Lender (if applicable) for settlement, and sending any required documents to it, arranging and effecting settlement; preparation of Notice of Acquisition; notifying the statutory authorities of the change in ownership of the property shall be $1500.00 plus GST. In addition, we anticipate the following out-of-pocket expenses: Title Searches, Rate, Planning and other relevant Certificates and agent’s settlement fee – approximately $180.00 to $210.00 and there will be additional $150.00 for each additional Owners Corporation Certificate applied for (if the developer does not provide same prior to settlement). In addition to our costs given above, there will also be additional fees of $300.00 if we are required to draw cheques from our Trust Account on your behalf.
Please also note that these charges may vary from municipality to municipality and depending on the nature of the property which you are buying. All disbursement will be charged to you at the same rate that we pay for them. There will be no mark-up."
Now does anyone know an honest and reliable solicitor? She is still overseas and won't be back until mid July FYI.
Thanks very much community!
Hi guys,
I too am looking for a good recommendation. My partner is in Malaysia (she is a Permanent Resident) and is buying a unit in Melbourne. I've bought in Brisbane and I paid well under $1000 for all legal and conveyancing fees. This is what an agent has quoted her (and it sounds like utter BS to me):
"As discussed, our professional fees for acting for you in your purchase of the property including receiving instructions, arranging for Searches and Certificates; correspondence with and attendances upon yourself, vendor’s solicitors/conveyancers and your lender (if applicable); preparation of Transfer of Land; drawing Statement of Adjustments, co-ordinating with your Lender (if applicable) for settlement, and sending any required documents to it, arranging and effecting settlement; preparation of Notice of Acquisition; notifying the statutory authorities of the change in ownership of the property shall be $1500.00 plus GST. In addition, we anticipate the following out-of-pocket expenses: Title Searches, Rate, Planning and other relevant Certificates and agent’s settlement fee – approximately $180.00 to $210.00 and there will be additional $150.00 for each additional Owners Corporation Certificate applied for (if the developer does not provide same prior to settlement). In addition to our costs given above, there will also be additional fees of $300.00 if we are required to draw cheques from our Trust Account on your behalf.
Please also note that these charges may vary from municipality to municipality and depending on the nature of the property which you are buying. All disbursement will be charged to you at the same rate that we pay for them. There will be no mark-up."
Now does anyone know an honest and reliable solicitor? She is still overseas and won't be back until mid July FYI.
Thanks very much community!
I recommend Pam from Phillips & Wilkins 03 9480 1155. If it's a straight forward purchase, I believe their costs are well below $1000, but I recommend Pam because she does great work.
Why is it BS?
It sounds like utter BS (not to be confused with IT IS utter BS as I cannot say that for certain at this point) because I have been through the buying process in Brisbane and the total conveyancing fee was well under $1000. I paid $220 each for a building and a pest inspection and that's it.
The money was held in a trust by the real estate. My solicitor managed everything and all I had to do was show up to a meeting, sign a few pieces of paper and it was done.
How about you now tell me why you think it isn't BS please?