Disbursements are the expenses borne by your conveyancing solicitor. Normally, a conveyancing solicitor will charge disbursements in addition to the general conveyancing services fee. The disbursement fees will differ considerably because there is no set fee for undertaking conveyancing work.
Nonetheless, most States and Territories maintain a legislative maximum on the cost that may be billed for conveyancing. Further, due to the increased level of competition for conveyancing work we are seeing very competitive pricing for general conveyancing service fees.
There are several activities and processes undertaken by a conveyancer that fall under the term ‘disbursements’. They may include:
- attaining a range of certificates from the respective government department (for example, performing a title search with the relevant land titles office) and other public authorities (for example, local council, main roads, gas utility, electricity, and water authority);
- mortgage registration;
- administrative costs (for example, printing and copying, mail correspondence and attendance at the settlement);
- organising property building and pest inspections; and
- accessing strata reports (when the property being purchased is owned under a strata title).
All tasks your conveyancing solicitor completes in the conveyancing process is aimed, not only at guaranteeing that you acquire correct legal title on your property, but that your investment is watertight.
Talk to us here at Discount Conveyancing Broker as early as possible in the buying or selling process so we can ensure you make informed choices.