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Legal Fees for House selling/buying

  • 13-05-2013 8:56pm
    #1
    pheonix1234
    Closed Accounts Posts: 47 ✭


    I'm just wondering what are the average fees charged by solicitors for selling/buying a house? I know they vary but I would just like to have a rough idea how much is involved?
    Thanks in advance for any replies


Comments

  • #2
    mel.b
    Registered Users, Registered Users 2 Posts: 3,130 ✭✭✭mel.b


    I'm buying.

    For the Solicitors professional fees I was quoted E900, E995 and E1250 all + 23%VAT.

    Then you will have stamp duty @ 1% plus searches, land registry fees etc.


  • #3
    pheonix1234
    Closed Accounts Posts: 47 ✭pheonix1234


    Quite a variation of qoutes you got there. So thats just for buying, does that mean if you are selling AND buying the fee is doubled? Excuse my ignorance,


  • #4
    Jev/N
    Registered Users, Registered Users 2 Posts: 3,456 ✭✭✭Jev/N


    Depends on many factors. You may be given an upfront quote before the file/title is reviewed.

    Depending on various title issues and whether it is a Land Registry of Registry of Deeds property, it may require first registration. All these will affect how much it will cost and the solicitor may charge over the quote if such things arise down the line


  • #5
    mel.b
    Registered Users, Registered Users 2 Posts: 3,130 ✭✭✭mel.b


    pheonix1234 wrote: »
    Quite a variation of qoutes you got there. So thats just for buying, does that mean if you are selling AND buying the fee is doubled? Excuse my ignorance,


    Yes, I think 3 or 4 of the quotes were 1250 and the other two the lower prices. I've never sold, but i presume you will have a bigger bill if you are selling and buying.
    Jev/N wrote: »
    Depends on many factors. You may be given an upfront quote before the file/title is reviewed.

    Depending on various title issues and whether it is a Land Registry of Registry of Deeds property, it may require first registration. All these will affect how much it will cost and the solicitor may charge over the quote if such things arise down the line

    yeah, a couple of solicitors mentioned this to me, for example if it was straightforward it would be the price quoted, but if it involved extra work about a right of way (for example) that was going to drag on then it would be more expensive.


  • #6
    pheonix1234
    Closed Accounts Posts: 47 ✭pheonix1234


    Jev/N wrote: »
    Depends on many factors. You may be given an upfront quote before the file/title is reviewed.

    Depending on various title issues and whether it is a Land Registry of Registry of Deeds property, it may require first registration. All these will affect how much it will cost and the solicitor may charge over the quote if such things arise down the line


    Sorry if I'm being stupid, but what is the difference between Land Registry and Registry of Deeds property? I know my house is freehold, does that make it simpler? (as regards the solicitor)


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  • #7
    Jev/N
    Registered Users, Registered Users 2 Posts: 3,456 ✭✭✭Jev/N


    pheonix1234 wrote: »
    Sorry if I'm being stupid, but what is the difference between Land Registry and Registry of Deeds property? I know my house is freehold, does that make it simpler? (as regards the solicitor)

    No problem at all.

    The two are forms of registration for property in Ireland. Land Registry is the newer form and the title to the property is State guaranteed. It is generally much simpler and more straightforward to deal with Land Registry.

    Registration with the Land Registry is now mandated for all counties in Ireland upon transfer. If your property is only Registry of Deeds, First Registration will be required upon sale/purchase and there are fees to do this.


  • #8
    legalproblem
    Registered Users Posts: 2 ✭legalproblem


    Just wondering if anyone has an opinion on my poistion or who I should talk too. My wife is in serious financial difficulty mainly from a house she purchased before we got married, which is currently our home. She also has another house which is mortgaged but its worth very little but I have enough money now to pay off the mortgage. I want to buy the house from my wife to allow her to pay off the mortgage and to allow me and my kids have a home. Will the bank look badly on her selling it to me even if we exchange for market value and the money is put towards paying off the debt on the house? If you can't answer the question where can I go to get an answer. I don't want to do anything that isn't totally above board.


  • #9
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    legalproblem wrote: »
    Just wondering if anyone has an opinion on my poistion or who I should talk too. My wife is in serious financial difficulty mainly from a house she purchased before we got married, which is currently our home. She also has another house which is mortgaged but its worth very little but I have enough money now to pay off the mortgage. I want to buy the house from my wife to allow her to pay off the mortgage and to allow me and my kids have a home. Will the bank look badly on her selling it to me even if we exchange for market value and the money is put towards paying off the debt on the house? If you can't answer the question where can I go to get an answer. I don't want to do anything that isn't totally above board.

    Assuming that the property is in negative equity, the bank would have to consent to the sale going ahead. If they don't consent, there will be no sale. If they consent, then one would think that there is no problem.

    I am working from an assumption that your wife is insolvent; that she cannot pay her debts as they fall due. As regards a strategic financial solution, the Personal Insolvency Act provides for a new type of professional advisor/representative; the the Personal Insolvency Practitioner (PIP). When the PIPs are brought in, one may be able to advise your wife and negotiate with the bank for a Personal Insolvency Arrangement.


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