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Does 247 s pricing structure make Conveyancing more expensive?

April 26, 2017conveyancing expensive pricing structure

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Does 247 s pricing structure make Conveyancing more expensive?

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10 Posted

Traditionally the lawyer for the Vendor orders the property certificates and these are incorporated into the Vendors Statement and Auction contracts. The Vendor pays his Lawyer for the cost of the certificates as a disbursement. Under the 247 system the Vendor pays for the cost of the certificates upfront and are then published online alleviating the Vendor s lawyer from ordering the same certificates. These certificates are then incorporated into the documentation prepared by the Vendor s lawyer. Included in the cost of the certificates ordered by 247 is a margin. On the other hand we have verified evidence that some of our accredited lawyers have lowered their cost of conveyancing as part of joining the 247 system. 247 Legal is a value added service that provides a marketing tool for agents that will increase the potential amount of interested and qualified buyers. The benefits far outway the initial cost.