Wednesday 14 December 2011

A post about sales and online conveyancing

Conveyancing.
--------------------------------------------
After accepting an offer, the sales process starts!

In the UK it is necessary to use a solicitor or conveyance specialist
to transact the sale. With the later being cheaper!

Cheaper still is to use an online conveyance company, of which there are many!

2 years ago i successfully used an online company for the sale of my
property. There are risks associated with this (company goes bankrupt
etc) especially with the economy in downturn and a stagnated housing
market.

If you don't have the time to call them often and chase for completion
or if you don't feel comfortable doing everything online such as
scanning and emailing documents then i wouldn't recommend it!  
Normally i couldn't handle this extra hassle, however an example of
the savings that can be made;

1. Solicitor (Estate agency partner)

£900

2. online conveyance company

£254

To break it down further for the legal work:
 company 1 charged

£599

company 2 charged

£175
and gave me a £50 discount for liking their Facebook page!

Everyone loves a bargain, but you have to consider that you get what you pay for. 
But how much hassle is worth £646 !!! Ji Gong always views these things as making the saving, 
almost as an income so for my work; a few phone calls and the occasional strongly worded email -
will be paid £646 - as an hourly rate, probably not bad!

No comments:

Post a Comment