Conveyancer searches

Discussion in 'The Buying & Selling Process' started by Damarcus11, 14th Jan, 2020.

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  1. Damarcus11

    Damarcus11 Well-Known Member

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    3rd Oct, 2019
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    Sydney
    My conveyancer has recommended that I undertake two additional searches for rates and water meter, Together these will cost and additional $400.

    Would you recommend me paying the additional money, or is the risk of an issue so small that it's not worthwhile.

    Any suggestions would be appreciated!
     
    Damarcus11, 14th Jan, 2020
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    How will you apportion water and rates without them?
     
    Terry_w, 14th Jan, 2020
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  3. Angel

    Angel Well-Known Member

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    I haven't bought or sold a house in Moreton Bay since 2010, but I would think that the rates and water searches might cost more like $40 than $400. The solicitor will require the info on these searches at settlement time anyway, to apportion the exact amount that you will have to reimburse the vendor for the number of days/kLt since their last account.

    Maybe they mean that your cost for rates and water at settlement will be about $400?
     
    Angel, 15th Jan, 2020
    #3
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