Property Management

Property conveyancing costs : Mary Holm

Q: As a cash buyer off the street, I recently purchased a section after negotiation. The asking price was $5000. I offered and bought at $3500.

Tuesday, September 17th 2002

The real estate agent then proffered the view that the purchaser - me - was liable for and had to institute the conveyancing fees. Since lawyers' quotes were in the $600 to $800 bracket, I refused.
What is the law, what is the usual protocol and who should pay?
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Unity First Home Buyer special	4.29
SBS FirstHome Combo	4.29
China Construction Bank	4.85
Co-operative Bank - First Home Special	4.85
ICBC	4.85
ASB Bank	4.89
Kiwibank Special	4.89
Westpac Special	4.89
AIA - Go Home Loans	4.89
Kainga Ora	4.89
BNZ - Std	4.89

Nelson Building Society	4.93
ICBC	4.95
SBS Bank Special	4.95
Wairarapa Building Society	4.95
TSB Special	4.95
ANZ Special	4.95
ASB Bank	4.95
Kainga Ora	4.95
Westpac Special	4.95
AIA - Go Home Loans	4.95
Kiwibank Special	4.95

Westpac Special	5.39
ICBC	5.39
SBS Bank Special	5.39
ASB Bank	5.59
BNZ - Classic	5.59
BNZ - Std	5.59
AIA - Go Home Loans	5.59
Co-operative Bank - Owner Occ	5.59
Kainga Ora	5.69
Kiwibank Special	5.79
ANZ	5.79

SBS Construction lending for FHB	3.94
AIA - Back My Build	4.44
CFML 321 Loans	4.99
Co-operative Bank - Standard	5.95
Co-operative Bank - Owner Occ	5.95
Heartland Bank - Online	5.99
Kiwibank - Offset	6.35
Kiwibank	6.35
TSB Special	6.39
China Construction Bank Special	6.44
ASB Bank	6.44