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Solicitors fees for conveyancing selling and buying a house

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  • 19-04-2023 3:07pm
    #1
    Registered Users Posts: 647 ✭✭✭


    Have these costs increased considerably of late. From looking online on banks mortgage advice pages, and citizens advice askaboutmoney etc i thought solicitors fees were in the region of between 1500 and 2000 euro for the sale or purchase of a property.

    Am currently in the process of trying to sell two properties and buy another, and was thinking as there is three sales i might get a somewhat good rate for all the business. Am shocked the 2 quotes i have received are for 8k plus vat just for professional fees, this is not including the additional outlays or stamp duty. One property has no mortgage and the other 2 will. I thought this was fairly high. Any thoughts



Comments

  • Registered Users Posts: 8,427 ✭✭✭RedXIV


    Not sure about selling houses but for buying a house, I've a solicitor engaged and it's 2,500 for the whole thing



  • Registered Users Posts: 647 ✭✭✭k mac


    Thanks. When you sat for the whole thing is that including additional outlays i.e searches, registering folios and deeds etc, and also including VAT



  • Registered Users Posts: 8,427 ✭✭✭RedXIV


    Yep, that was their price, they had it up as a "first time buyer" package.

    Mind you, I've gone sale agreed on a few things that fell through and I've been warned that while I won't get charged the full amount for each house, there are billables against each to look forward to



  • Registered Users Posts: 166 ✭✭Dr.Tom


    Closed the sale of our house in February in County Cork.

    €3,215.50 was total solicitor fees.



  • Registered Users Posts: 277 ✭✭Guildenstern


    It's the conveyancing of THREE different properties though. 7/8k would be what I'd expect to pay. I think a 3rd estimate will most likely confirm that.

    Maybe a quote from a one person practice would be lower.



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  • Registered Users Posts: 1,879 ✭✭✭Hippo


    This sounds about right for 3 properties. There's a surprisingly large amount of work involved in conveyancing - it's usually not too complicated but everything must be done absolutely correctly and can involve a considerable amount of back and forth between the two parties' solicitors. I'm aware of many practices which no longer provide the service (except maybe as a favour for existing clients) as it's so time-consuming for the fees involved; this is especially the case with apartment transactions.

    2.5K give or take plus vat per property would I think be the norm. If they're running all 3 transactions there isn't any less work involved simply because there's a single purchaser or vendor.



  • Registered Users Posts: 147 ✭✭Jezzabelle


    You're 100% correct in your reply. There's an awful lot of work in conveyancing. And can become complex depending on what's involved.

    Not a dig at the OP but it always amazes me often I see people question professional legal fees and very little about 1-2% of the sale price to an estate agent who has very little work to do in comparison to the legal process involved.



  • Registered Users Posts: 3,237 ✭✭✭Francis McM


    Shop around O.P. Country solicitors tend to be less expensive than big ones in the capital too. I know someone who bought a house recently, total legal fees were €1450. Was a friend of the solicitor though.



  • Registered Users Posts: 647 ✭✭✭k mac


    No problem I have no issues with the going rate its only I think some websites such as banking mortgage advice and others should update their information as they say the cost should be around 1.5k



  • Registered Users Posts: 1,879 ✭✭✭Hippo


    Excellent point on estate agent fees, no idea how that situation has arisen.



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