Disbursements are costs and fees incurred by your conveyancer during the process of buying or selling your home. These are costs and fees above the general service fee that conveyancers charge.
Disbursements cover a wide range of activities the conveyancer carries out during the process. These can include, but are not limited to:
- Registering your mortgage;
- Performing searches to obtain government and or other public authority certificates (such as a title search and council certificates); and
- Administrative expenses including couriers and attending the settlement.
While many conveyancers are now competing based on prices, it is important to keep in mind that choosing a conveyancer based solely on their fee does not necessarily guarantee the best advice or service.
Your conveyancer’s job throughout the process is focused on ensuring that you are able to sell or purchase your property. This includes doing all the appropriate legal checks .
It is also important to note that the cost of your disbursements will vary depending on whether or not you are the buyer or the seller.
As a buyer, it is your responsibility to obtain all of the information you need in order to make an informed decision. Issues relating to council zoning, land and title searches may influence your decision.
Your conveyancer should be able to answer all of your questions about disbursements, as well as keep you apprised of changes in the process as they occur. If you haven’t yet chosen a conveyancer for your property sale or purchase, read more about how to choose a conveyancer here.