Current Solicitor costs for buying property?

Barr

Hi All

Just wondering what is a reasonable rate these days when shopping around for a solicitor to buy an apartment?

Thanks All

jethrothe2nd

We paid a e1700 flat fee plus stamp duty. That was for a house - not sure if that has any bearing on the matter

NIMAN

This time last year I paid €1500 solicitor fees.

I had 3 different ones all give a fee of between €1650 and €1800, so played them off against one another and one offered to do it all for €1500.

Do a bit of bartering. I would say their conveyancing business is near to non-existence these days.

Milk & Honey

You should also check out reputation. It is not like buying an item in a supermarket. If it is not done properly there can be awful hassle down the line. It is not worth saving a few hundred quid if it results in trouble down the line. I know a woman who is being sued in the High Court by her mortgage provider over a mess up by her former solicitor (who was later disbarred). The whole thing could cost her over 100k.

killers1

Barr wrote: »

Hi All

Just wondering what is a reasonable rate these days when shopping around for a solicitor to buy an apartment?

Thanks All

You shouldn't need to pay more than €1,600 for a good solicitor. Always ask for a detailed breakdown of the quote and compare their 'Professional Fee' as the outlays will be more or less the same irrespective of the solicitor you use.

CricketDude

€900 max.
Shop around. You will get plenty of quotes for less than €900.

killers1

CricketDude wrote: »

€900 max.
Shop around. You will get plenty of quotes for less than €900.

Not inclusive of registration fees & outlays..You'll certainly find professional fees less than €900...

Typical outlays look like this;

Land Registry fees - Deed €375
Land Registry Fees - Mortgage €125
Open New Folio €60
Copy Folio & File Plan €25
Commissioners Fees €20
Searches €75
TOTAL €680

If you're saying that plenty of solicitors will do a conveyance of €220 I find that hard to believe...

Barr

The most reasonable solicitors seem to be in Galway and Dublin. The closest price in Cork is about €300 more expensive for their prof fee

Does it matter if the property being purchased is in Cork and the Solicitor is based in Dublin or elsewhere ?

Suppose what I'm asking is can the transaction be done over the phone / and post rather than physically having to go into the solicitors office?

killers1

Barr wrote: »

The most reasonable solicitors seem to be in Galway and Dublin. The closest price in Cork is about €300 more expensive for their prof fee

Does it matter if the property being purchased is in Cork and the Solicitor is based in Dublin or elsewhere ?

Suppose what I'm asking is can the transaction be done over the phone / and post rather than physically having to go into the solicitors office?

There's no problem using a solicitor in Dublin say for a purchase in Cork. It's no harm to be able to meet the solicitor, 1 visit should allow you to sign everything that'll be needed... A trip to Dublin costs about €10 e/w on the train!

ant25

Hi

Wondering if anyone can help me with this. I am buying a house and trying to find a solicitor but the quotes are over €1600. That is for everything land reg etc.

I have no idea if this is normal or should I keep looking?

handlemaster

Is that tax also ?

Valentine1

ant25 wrote: »

Hi

Wondering if anyone can help me with this. I am buying a house and trying to find a solicitor but the quotes are over €1600. That is for everything land reg etc.

I have no idea if this is normal or should I keep looking?

That is quite reasonable. if it includes VAT its excellent.

handlemaster

900 plus vat for fees. Then the add on's property reg.. depends on value... search fees.. etc etc would end up under 3000 for standard property j

McDook

Pay no more than €800 plus outlay and vat.
You should be able to find solicitors who will do it for €600 plus outlay and vat.
Outlay will be more or less fixed for them all.
Its not exactly rocket science and is easy money to a solicitor.
The problem is that most people ring one or two solicitors and then take the price. Most solicitors know what you are about and can read you straight off. So might charge someone €1800 if they think the person will go for it.
You need to make clear what you are offering when you call the solicitor.
Isnt spending a day ringing around them worth a thousand euro

Eldarion

I paid about €1900.

All in all the solicitor/land registry/stamp/vat should came to around ~€5K total for your standard 3 Bed in a nice area. (Not talking SCD, where things are weird).

gixer1000

Ok Ive just started trying to find a solicitor for my very modest house purchase of 65,000, and this is the first quote to come back..... about double what i expected :eek:

CIARAN_BOYLE

gixer1000 wrote: »

Ok Ive just started trying to find a solicitor for my very modest house purchase of 65,000, and this is the first quote to come back..... about double what i expected :eek:

you expected to pay less than half of €1150+vat?

wow.

Bellview

I paid 800 +vat. Plus land registry. Difficult to get anything much cheaper as I have heard of folks being quoted 2x what I paid for similar value transactions.

gixer1000

CIARAN_BOYLE wrote: »

you expected to pay less than half of €1150+vat?

wow.

I thought overall it would be about 1500, not 3048 as quoted. I've just started this process , and suppose i didnt take land registry into account.
I guess my expectations are definitely different now

vicwatson

People think solicitors are getting €3048 and the likes, they aren't, they get the €1150 and that's a reasonable figure IMO for the work involved, doesn't really matter if the house is 65k or 365k

Try the taxman for the rest of the money

Gumbo

gixer1000 wrote: »

I thought overall it would be about 1500, not 3048 as quoted. I've just started this process , and suppose i didnt take land registry into account.
I guess my expectations are definitely different now

Stamp duty is also included in that quote.
The land registry is now mandatory. Most people used to never register the mortgage with them but since 2011 it's mandatory.

If you remove the stamp duty and the mandatory land registry deed title then the quote would be in line with what you expected

gixer1000

kceire wrote: »

Stamp duty is also included in that quote.
The land registry is now mandatory. Most people used to never register the mortgage with them but since 2011 it's mandatory.

If you remove the stamp duty and the mandatory land registry deed title then the quote would be in line with what you expected

Thanks for that kceire

fg1406

I'm paying €1200 ex vat professional fees plus land registry etc etc. The whole thing including stamp duty is coming in at almost €5k.

private

fg1406 wrote: »

I'm paying €1200 ex vat professional fees plus land registry etc etc. The whole thing including stamp duty is coming in at almost €5k.

I paid the same for a new build and here's a list of the other Outlays.
Registration Fee on Purchase Deed incl lease of
Easements
830.00
Registration Fee on Mortgage 0.00 ( cash buyer)
Registration fee on new Folio 75.00
Commissioners Fees 48.00
Folio on Completion 40.00
Searches 150.00
Postage and Stationary 50.00
Fee as agreed 1,200.00
VAT at 23% 287.50
Miscellaneous other Outlays / LPT Apportionment to
be paid by Purchaser on closing/ Service Charges
0.00
Courier for Deeds and Bank same day transfer fee on purchase monies 60.00

ams

Paid 900 + vat for the professional fees.

Outlays (land registry etc) amounted to 1307 excluding stamp duty.

G1raff3

Our total costs for selling, buying, estate agent fee, stamp duty and all outlays is coming in close to the 11k mark. This is with professional fees of 1100 each for sale & purchase. It doesn't take long adding up

dubrov

Could someone please pm me a recommendation for solicitor in Dublin (or elsewhere if they don't have to be close).

So far I have rang 3 solicitors and been quoted 1,600, 1,600 and 2,350.
All prices are ex-VAT and do not include postage/searches and registration fees.

Yvonnepang

dubrov wrote: »

Could someone please pm me a recommendation for solicitor in Dublin (or elsewhere if they don't have to be close).

So far I have rang 3 solicitors and been quoted 1,600, 1,600 and 2,350.
All prices are ex-VAT and do not include postage/searches and registration fees.

omg that's a lot of money they are asking
same here, trying to find a solicitor ;-) please let me know if you have any good finds? Thanks very much.

dubrov

Yvonnepang wrote: »

omg that's a lot of money they are asking
same here, trying to find a solicitor ;-) please let me know if you have any good finds? Thanks very much.

It is a lot alright. Judging by this thread it should be possible to get someone to do it for less than 1400.

okeydokeys22

How much exactly are land registry fees? I was quoted 875 today for this fee alone.

Does it vary depending on the type or location of property?

G1raff3

okeydokeys22 wrote: »

How much exactly are land registry fees? I was quoted 875 today for this fee alone.

Does it vary depending on the type or location of property?

I just checked ours and it's the same, 700 on registration and 175 on mortgage so it might be standard.

Muahahaha

okeydokeys22 wrote: »

How much exactly are land registry fees? I was quoted 875 today for this fee alone.

Does it vary depending on the type or location of property?

http://www.prai.ie/fees/
Location of the property does not matter.
If the house you are buying is valued at 200k-400k then the Land Reg fee is 700 and above 400k it is 800. Plus the 175 euro to register your mortgage on the folio. So 875 sounds right. Remember this is fees for government agencies as is stamp duty, the solicitor is merely passing on this charge to you and doesnt see any of it. Their fee is for processing the transaction.

Pepp1989

Land registry fees are set and don't change. You can view them online yourself.

The real figure to look at is the professional fee. That's what the solicitor charges for doing the work.

If you did the sale yourself the land registry fees and stamp duty would all need to be paid and are set fees.

What ^^ that guy said.

dubrov

dubrov wrote: »

Could someone please pm me a recommendation for solicitor in Dublin (or elsewhere if they don't have to be close).

So far I have rang 3 solicitors and been quoted 1,600, 1,600 and 2,350.
All prices are ex-VAT and do not include postage/searches and registration fees.

Thanks to all who provided recommendations.

For anyone interested, the professional fees came in the range of €895-€1,400 ex VAT.

Excluding stamp the rest of the costs (land registry, searches) was pretty much the same for all solicitors and came in around €900. I think the value of the purchase may affect this number.


Apparently conveyancing for new builds is easier but harder when buying a site.

TiNcAn

dubrov wrote: »

Yvonnepang wrote: »

omg that's a lot of money they are asking
same here, trying to find a solicitor ;-) please let me know if you have any good finds? Thanks very much.

It is a lot alright. Judging by this thread it should be possible to get someone to do it for less than 1400.

I would also appreciate if somebody could PM a recommendation for a solicitor. The quote I have at the moment is 2210 including VAT for just the solicitors fees! With the land registry fees and stamp duty it would come in at 5600 total!

This seems pretty high to me.

cawleyp2

sent you a PM, our lad was €2100... probably can get cheaper but worth paying a little more for someone recommended...

HereAndThere

Please PM me your solicitor too, currently have 2700 inc vat and without stamp duty.

DebDynamite

I would be grateful if someone could please give me a recommendation for a solicitor in Dublin whose professional fees are around €1000 or lower (if one exists!). Bought a house 4 years ago and a poster on here gave me a recommendation for a solicitor in Tallaght, who was very efficient and good value, but she doesn't seem to be there any more.

cloneslad

I used a solicitor in Dublin 4 who was €1,100 (before stamp duty etc). He came recommended as being cheap and no-nonsense.

In other words, he got stuff done and didn't care much for back and forth e-mails etc. It worked out perfectly for us as we had a new build so no issues, the person who recommended him has used him a number of times too.

If you want his details let me know but I feel it's important to say that he was quick to close everything for us but he wasn't one for loads of contact, interpersonal skills etc, though maybe I'm being harsh on him as we didn't seem to need anything done anyway.

Captain Flaps

I'd also be interested in recommendations in Dublin, doesn't have to be sub 1K but reasonable at the very least!

cloneslad

Captain Flaps wrote: »

I'd also be interested in recommendations in Dublin, doesn't have to be sub 1K but reasonable at the very least!

I'll send you a PM of the guy I used. I can only vouch for him working out for us on our house, but he seems pretty diligent if a little quaint.

TheGoatHerd

Hi cloneslad

I'd be interested in your recommendation if you don't mind sharing. Thanks.

foodiewarrior

hi cloneslad,

I'm interested in this solicitor as well.

irishguy

hi cloneslad,

I'm interested in this solicitor too, please

cloneslad

I've sent that to you all now.

Please let me know if it works out okay for you because while he was good for us I don't want to recommend someone if they don't work for others.

TheGoatHerd

cloneslad wrote: »

I've sent that to you all now.

Please let me know if it works out okay for you because while he was good for us I don't want to recommend someone if they don't work for others.

Thanks cloneslad, much appreciated.

CaraK

cloneslad wrote: »

I used a solicitor in Dublin 4 who was €1,100 (before stamp duty etc). He came recommended as being cheap and no-nonsense.

In other words, he got stuff done and didn't care much for back and forth e-mails etc. It worked out perfectly for us as we had a new build so no issues, the person who recommended him has used him a number of times too.

If you want his details let me know but I feel it's important to say that he was quick to close everything for us but he wasn't one for loads of contact, interpersonal skills etc, though maybe I'm being harsh on him as we didn't seem to need anything done anyway.

Can you pm the contact details for this solicitor when you get a chance

Any other recommendations feel free to pm me

Thanks

dar100

Hi guys

Any word on that solicitor recc by cloneslad? Was he any good, what were the rates? Im looking to buy i need a solicitor

dreamComeTrue

I'm buying a house and I'm looking for a solicitor who can close a deal for me. Could you please give me any recommendation?

It seems cloneslad have had good experience with one. Any comments from other users about his / her work?

Thank you in advance.

Jenny15

cloneslad wrote: »

I've sent that to you all now.

Please let me know if it works out okay for you because while he was good for us I don't want to recommend someone if they don't work for others.

Hi cloneslad can you please send it to me as well I am interested. Thanks a million

ruaneg

Can I get a recommendation please?