You’ve just spent a few hundred thousand dollars (or even more) on your property purchase.
Let’s face it – you don’t spend that kind of money every day.
So, wouldn’t you want to make sure that you do everything you can to safeguard such a significant financial investment?
Off course you would!
There’s an old French proverb which says, “you buy cheaply, you pay dearly”.
In this article, we’ll discuss if cheap conveyancing is worth it, so you can make an informed decision about selecting a conveyancer that is right for you.
Conveyancing is complex
Contrary to popular believe, conveyancing is a complex process.
Your conveyancer will take care of all the tasks required to be completed so that you get clear title to your property. At times, the conveyance process (from contract signing to settlement) can take between 30 to 45 days. During this time, your conveyancer performs a myriad of tasks in a timely manner to ensure your legal position is protected.
How is cheap conveyancing possible?
I don’t know about you, but when I see the word “cheap” it sets off alarm bells. Think about the last time you bought something cheap – did it meet your expectations? Was it a quality product or service?
Remember, good work ain’t cheap and cheap work ain’t good![1]
Cheap conveyancers can save costs, by:
- doing conveyancing in bulk – if you charge less, you need more clients. This means that you may not get the personal service and attention for your matter
- employing junior and inexperienced staff – this means that you may not get the best advice available
- skipping searches or by not quoting for searches – this means you either pay extra for searches or risk not having important searches undertaken
- charging extra – for example, for negotiating extensions to conditions
- not providing added value
Price v Value
Price is what you pay, value if what you get.[2]
Put differently, price is the amount of money you pay and value is what the service pays you or what the service does for you.
When you compare conveyancing quotes, ask yourself:
Am I getting value for the price I am paying?
What value is my conveyancer bringing to the table?
What does the conveyancing service do for me?
Value from One80 Conveyancing
At One80 Conveyancing our mission is to help home buyers get into their dream homes quicker and trouble free with our revolutionary One80 Prime System™.
The One80 Prime System™ is the value our conveyancing service pays you.
The One80 Prime System™ is exclusively for One80 Conveyancing clients. It is designed to make your life easier so you can concentrate on the things that matter – planning your move and getting your property looking like the home of your dreams.
It is a unique nine step framework that sets out the conveyancing process for home buyers in a ridiculously easy step by step guide. You’ll know exactly what we will do in the conveyancing process and what you will need to do. It’s also packed with powerful guides, meticulous checklists and cheat sheets all designed to make your life super easy. Don’t know how to go about making an offer? Don’t fret – the One80 Prime System™ has got your back. You get pro tips on what’s involved in making an offer. Want to find a mortgage broker? check! Don’t know where to find a building and pest inspector? Not a problem! Feeling stressed about packing and the move? Don’t be! The One80 Prime System™ is loaded with resources that will make the moving process painless for you!
And the value doesn’t stop there.
Our user-friendly app is the cherry on top. It puts you in control of the process – giving you real time updates on each step that we complete for you. Simply log onto our app at your leisure to check the status of your matter or communicate with us or choses to receive SMS or push notifications.
Making your decision
As the above suggests, your focus should be on value and not solely on the cheapest price. Quite often, you will realise that you will pay a paltry few hundred dollars less for a cheap conveyancer.
Is it worth sacrificing a few hundred dollars for the biggest purchase you will probably make in your life?
If you have any questions about this article or wish to discuss its contents, please call 1300 080 569 or email [email protected]
Irfan Ebrahim
02 January 2022
DISCLAIMER: This article is provided for general information purposes only. Its content is current at the date of preparation. Changes in circumstances or policy or legislation after the time of preparation may impact the accuracy of the information provided. It is not legal advice and is not tailored to meet your individual needs. You should obtain specialist advice from a qualified professional based on your specific circumstances before taking any action concerning the matters discussed in this guide. One80 Conveyancing Pty Ltd will not accept liability for any reliance on this article, including but not limited to, the accuracy, currency or completeness of any information or links.
[1] Norman “Sailor Jerry” Collins
[2] Warren Buffet
