Solicitors fees for conveyancing selling and buying a house

k mac

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

RedXIV

https://www.boards.ie/discussion/2058293066/solicitors-fees-for-conveyancing-selling-and-buying-a-house

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

k mac

https://www.boards.ie/discussion/comment/120495839#Comment_120495839

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

RedXIV

https://www.boards.ie/discussion/comment/120495878#Comment_120495878

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

Dr.Tom

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

€3,215.50 was total solicitor fees.

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.

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.

Jezzabelle

https://www.boards.ie/discussion/comment/120511181#Comment_120511181

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.

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.

k mac

https://www.boards.ie/discussion/comment/120551295#Comment_120551295

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

Hippo

https://www.boards.ie/discussion/comment/120551295#Comment_120551295

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