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LJ Hooker Settlements’ lies

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Nobody does it better than LJ Hooker Settlements (according to Mr LJ Hooker).

Visit LJ Hooker’s flashy website and a sombre voice warns that cheap offers from competitors “generally reflect the type of service you will receive”.

“Some offer a flat fee”, says Mr Hooker ominously. “But these are generally topped up with extra fees once they are appointed. Beware! Our quote will include all fees.”

“The bitter taste of poor quality lingers long after the sweet taste of a low price is forgotten” thunders Mr Hooker in Flat Fee Settlements? The Myth Explained.

“We constantly fix the cheapest settlements,” he explains. “Lack of communication provided on cheap settlements could cost you penalty interest and plus suprises! [sic]”

Thank you Mr Hooker!

We don’t make a point of publicising our competitors’ offerings. But given all that Hooker has done for Flat Rate Settlements, we thought it only fair to make an exception.

So who really does it better?   Judge for yourself…

Comparisons based on websites published on 14 November 2014

 

Flat fee for standard settlement?

LJ HOOKER SETTLEMENTS FLAT RATE SETTLEMENTS
YES – based on the value of your property YES – based on the cost of the settlement service

Cost of a standard residential real estate settlement

  LJ HOOKER SETTLEMENTS ONLINE FLAT RATE SETTLEMENTS ONLINE
Property $ Buyer $ Seller $ Buyer $ Seller $
500,000 1,733 (regular) 1,233 (discount) 1,142 (regular) 842 (discount) 990 660
750,000 2,145 (regular) 1,645 (discount) 1,417 (regular) 1,117 (discount) 990 660
1 million 2,558 (regular) 2,058 (discount) 1,692 (regular) 1,392 (discount) 990 660

Extra fee for strata titled properties

LJ HOOKER SETTLEMENTS ONLINE FLAT RATE SETTLEMENTS ONLINE
Buyer $ Seller $
Buyer $
Seller $
125 62.50 0 0

Google+ reviews

LJ HOOKER SETTLEMENTS FLAT RATE SETTLEMENTS
Number Google rating Number Google rating
2 Unrated 21 5 stars

Client testimonials on web site

LJ HOOKER SETTLEMENTS FLAT RATE SETTLEMENTS
7 200+

Independence and potential for conflict of interest

LJ HOOKER SETTLEMENTS FLAT RATE SETTLEMENTS
Associated with a real estate agency acting mainly for sellers Owned by a law firm

Additional services if required

LJ HOOKER SETTLEMENTS FLAT RATE SETTLEMENTS
SERVICE Offered Price $ Offered Price $
Default notice No N/A Yes 660 (recoverable from defaulting party)
Legal advice No N/A Yes Quoted prices
Contract drafting No N/A Yes Quoted prices
Penalty interest notice Yes 0 Yes 220

 

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