Pat Davitt: Seller’s legal pack would make property sales quicker, easier and cheaper

Conveyancing typically takes four months or more, sometimes leading to buyers losing mortgage approval while they wait for documents

Some 84 per cent of Ipav agents have experienced sales falling through because of delays

A Bill due to reach second stage in the Dáil on Thursday, October 5 called the Seller’s Legal Pack for Property Buyers’ Bill 2021 could transform conveyancing, the legal transfer of property title from vendor to buyer.

The issue has been problematic for some time because of inordinate delays. On average, conveyancing takes about four months to complete, over 10.4 weeks between a sale being agreed to the signing of contracts, plus a further 5.3 ...