Conveyancing is a necessary process when buying or selling property as it enables the successful transfer of the title of your property. To help you complete the conveyancing you can use either a solicitor or a licensed conveyancer.
It can be difficult to know whether to choose a solicitor or a conveyancer. The differences between the two lie in their level of training, experience, and knowledge which can affect the service that you receive and the advice you’re given. In this blog post, we will explain the difference between conveyancers and solicitors which we hope will give you some clarity when deciding who to trust with your conveyancing.
What’s the difference between a solicitor and a conveyancer?
Solicitors hold a law degree and have been admitted to practice law in their state or territory. This means that while a solicitor is legally trained and educated in property but also in other areas of law. This means they can also give you advice on other areas of the law, including wills, family law, probate, tax law, disputes and court proceedings. A solicitor will have a well-rounded knowledge of many areas of law and will guide you from start to finish.
A conveyancer doesn’t have a law degree, but they do have a diploma from TAFE or a tertiary institution. Their training gives them an understanding of the rules, regulations and legal paperwork of property transfer. This means a conveyancer understands how to complete your property transaction, but they will not be able to assist you in other areas of law during your transaction.
Which option is the least expensive?
Conveyancers tend to be less expensive than a solicitor. When a solicitor is charging more it is because you will benefit from their knowledge, expertise and advice in other areas.
It can be tempting to go with the inexpensive option, but it is important to note that the Legal Practitioner’s Liability Committee actually warns against cost-cutting measures. You may ask, why? If any mistakes are made or corners are cut, it can result in far more expensive fees or even in losing the property. With most property transactions being worth at least half a million dollars and with the property being an important asset or investment, we believe that it’s not worth taking that risk.
Why should I use a solicitor?
A solicitor can guide you through more than just the conveyancing of your property transaction. They will be able to consider and give advice on other areas of the law that may be relevant to your property transaction. For example, if you’re selling your property as part of a divorce, your solicitor can take into account aspects of your divorce settlement to make sure you get the best overall result.
Sometimes during a property transaction, not everything goes to plan. This is where having a solicitor onside can be very helpful. As their expertise is much broader than a conveyancer, they can often help you identify and resolve other issues so that settlement is not held up. If the issue becomes more serious, a solicitor can also represent you in a legal or property dispute and make sure that your rights are protected. This gives you the best chance for a positive outcome.
As lawyers, solicitors must also follow strict guidelines. They must keep your records secure and are required to act in your best interest. They may also give you legal professional privilege if you do find yourself in a dispute which will further protect you if an issue goes to Court.
Is there anything else I should know?
Regardless of whether you choose a solicitor or conveyancer to help you, it’s important that you choose someone who you trust and will work to achieve the best possible income. After all, your property may be one of the most valuable assets you own. That’s why it’s worth taking the time to consider the pros and cons of using a solicitor vs a conveyancer. In the end, you want to settle your transaction quickly and effectively without any issue.
Why Mr Conveyancer?
We’re not just conveyancers, we’re an established law practice here to help you.
- You’re more than just a number.
- Great experience at a great price.
- What you need to know, when you need to know it.
- First Home Buyers to seasoned investors, every property transaction is just as important as the other.
- Fixed fees, so you know you’re paying a guaranteed amount
- Transparent and clear communication, so you know what’s happening at all times.
- Conveyancing carried out without rushing, for your peace of mind
- We enjoy talking to you on the phone as well as email, because we know you don’t want to be dealt with by a robotic lawyer who ignores you.
- Local knowledge, so we already know about the area where you’re buying or selling. This could stop you from making a costly mistake.