Property
What is conveyancing?
3 minute read
Conveyancing is a service offered by a solicitor to facilitate the buying or selling of property. Legally, you cannot complete a property transaction without it.
Your conveyancing solicitor will act as your representative in dealings with the other party involved in the transaction. Their role is to protect your interests and ensure you comprehend the complexities of the process. They will review all relevant documents, advise you on their content and assist in meeting any requirements set by your mortgage lender.
The conveyancing process includes things like:
- The exchange and review of title deeds and the Contract for Sale.
- Examination of planning permissions and architect’s/engineer’s certificates.
- Conducting relevant property searches
- Bringing the sale to its completion
How long does conveyancing take in Ireland?
The duration of the conveyancing process varies depending on the transaction type. According to the Institute of Professional Auctioneers and Valuers, it takes on average 10.4 weeks to complete the conveyance of a property in the Republic of Ireland.
This figure is the national average, and it may take less time, or more time.
Your conveyancing solicitor depends on third parties, such as public sector agencies and other solicitors in the chain, to perform their tasks promptly to ensure timely completion. This reliance can sometimes slow the process.
The most effective conveyancing solicitors will persistently follow up with these third parties, and if they do not, you should encourage your solicitor to apply pressure.
How much does conveyancing services cost in Ireland?
The legal fees for conveyancing services can differ between solicitors. The costs are usually influenced by the type of property and the specific details of the transaction.
As with any product or service, you often get what you pay for.
Property experts suggest considering factors beyond just the price, such as the conveyancing solicitor’s experience, the firm’s online testimonials, and crucially, the quality of the client-solicitor relationship.
In addition to legal fees, you will also need to pay conveyancing outlays. Your solicitor will provide a breakdown of these additional costs.
What are conveyancing outlays?
Your conveyancing solicitor will need to make certain payments on your behalf, which will be included in your final bill for convenience. These are called outlays. For example, a typical conveyancing outlay are the fees charged by the Land Registry or Registry of Deeds to register the property in your name.
Why do I need a conveyancing solicitor?
Conveyancing, like other areas of law, is complex and fraught with potential pitfalls. For most people, buying property represents the largest investment they will make in their lifetime. Ensuring the process is conducted correctly is essential to avoid expensive issues down the line.
Augustus Cullen Law can guide you through the complex process of conveyancing
Many say that buying or selling property is one of the most stressful endeavours of our lives. The conveyancing solicitors at Augustus Cullen Law understand this and take active steps towards simplifying the process and getting you to completion as promptly as possible.
You can learn more about our services at Property & Conveyancing or Contact Us to arrange an initial consultation with a property expert.
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