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Is this expensive for conveyancing?

  • 06-04-2016 5:18pm
    #1
    2rkehij30qtza5
    Closed Accounts Posts: 1,476 ✭✭✭


    I am about to put my 3 bed apartment up for sale in Dublin. Value is about €300k but am in substantial negative equity. Have qualified for a negative equity mortgage. I got a quote for 0.7% fees for the conveyancing. Is this pricey? I have no idea what the market rate is. Thanks


Comments

  • #2
    loremolis
    Registered Users, Registered Users 2 Posts: 944 ✭✭✭loremolis


    Elisabeth Black Condo wrote: »
    I am about to put my 3 bed apartment up for sale in Dublin. Value is about €300k but am in substantial negative equity. Have qualified for a negative equity mortgage. I got a quote for 0.7% fees for the conveyancing. Is this pricey? I have no idea what the market rate is. Thanks

    I normally agree a fixed fee of around €1500 for conveyancing. It would be a bit more if a management company is involved as is the case for an apartment.


  • #3
    2rkehij30qtza5
    Closed Accounts Posts: 1,476 ✭✭✭2rkehij30qtza5


    loremolis wrote: »
    I normally agree a fixed fee of around €1500 for conveyancing. It would be a bit more if a management company is involved as is the case for an apartment.

    Thanks for that. What do you mean if a management company is involved? Yes there is a management company for the complex but there are no issues there...everything's paid up to date..my fees etc. I might pm you if that's ok...are you Dublin based?


  • #4
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Elisabeth Black Condo wrote: »
    What do you mean if a management company is involved?
    This makes it a 3-way transaction, not a 2-way transaction.


  • #5
    nuac
    Registered Users, Registered Users 2 Posts: 6,769 ✭✭✭nuac


    IMHO €1500 plus VAT and all outlays is on the low side.

    Practices do not run on thin air.


  • #6
    Darith
    Registered Users, Registered Users 2 Posts: 324 ✭✭Darith


    Just got a quote of  950 plus vat & outlays, sounds ok, doesn't it?


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  • #7
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Anything under a grand is too cheap to be done right.

    You pay peanuts you get monkeys


  • #8
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


  • #9
    hullaballoo
    Administrators, Entertainment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 18,774 Admin ✭✭✭✭✭hullaballoo


    Fred Swanson wrote: »
    This post has been deleted.

    Could be a hundred years or more before an error is spotted with the conveyance.


  • #10
    Darith
    Registered Users, Registered Users 2 Posts: 324 ✭✭Darith


    Just got a more detailed quote:
     pro fee plus vat = 1223, land reg : 600, folio /map: 40, comm-oaths: 40; searches: 100.

    So about 2000 plus stamp duty?


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