Conveyancing is the process of signing over titles and other paperwork when buying and selling property. If you are buying a home and need a conveyancer, you might find that meeting one in their office is becoming a hassle. There are online conveyancing services available, but is it right for you? Here are some pros and cons to help you decide.
Pro: You get upfront quotes
When you go to a local conveyancer, they might give you an approximate quote for their services, but the final bill might tell an entirely different story. However, when you go with an online conveyancer, they often have standard rates and will give you a flat-rate quote based on the services you need. You can get a guarantee that this is what you will pay in the end without any hidden fees or costs. In regards to payment, look for a conveyancer that does not require the payment upfront but asks for it after the services have been rendered.
Con: They lack personal service
Unfortunately, you don't get the advantage of working closely with someone that works with you to get the papers signed. With online conveyancer service, you will not be dealing directly with someone who you talk to back and forth and ask questions. If you want someone who you can email or call anytime, you are better off going to a local conveyancer or using a mobile conveyancing service.
Pro: You can track the progress
A great benefit to online conveyancing service is that you can track your progress the entire time. You will be able to log into your account management system and look at how the processing is going, view papers that have been signed, and look to see when others have signed their papers. You should also be able to access documents and print them as needed, even after the process is complete. If you were going to someone local, you would have to call them to check in instead of having immediate online access to the information.
Con: There is a risk of using online conveyancers
As with all online services, there is a slight risk that the company you are dealing with is less than reputable. The best thing you can do is do your research by looking up the company, calling the number listed to ensure they are in business, and checking for reviews and complaints. Don't send any type of financial information, payments, or bank account information without verifying their validity and having the services complete.
For more information about your different options for conveyancing services, start contacting local firms like Rae & Partners to ask them about their available services and business practices.
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