Property conveyancer vs. property lawyer
In all Australian states, there are laws guiding the legal transfer of property which is why most homeowners engage a property conveyancer or property lawyer to handle the process.
The property transfer and conveyancing process can be complex, and tense with possible eleventh-hour errors. As buyers or sellers, you would wish to work with an expert in conveyancing.
The next inquiry is whether to engage a property conveyancer or property lawyer.
You are probably wondering what the difference is, and which to engage?
Let’s be clear. Not every conveyancer is a lawyer, and nor do they need to be.
And also, not all lawyers specialise in providing conveyancing services.
Both choices have benefits and are therefore worthy comparing.
Why use a property conveyancer?
Property conveyancers are specialists in property transfers and specifically the conveyancing process.
They usually have the expert knowledge that permits them to handle the settlement and legal transfer of property.
If you are buying or selling your home, and don’t expect much complications, your local real estate agent will most likely refer you to a local conveyancer.
Some services you can expect from a licensed conveyancer include:
- Carryout all client directives connected to property purchase or sale
- Draft contracts that spell out the terms and conditions for a property on purchase
- Handle searches with essential authorities to get more info about any property e.g. building and pest inspections, title and council searches
- Offer financial guidance concerning expenses like stamp duty and legal fees.
All conveyancers must hold a license in the state they operate.
Furthermore, all conveyancers must abide by their professional rules; provide clients with updates on critical developments like cost and other measures with third parties.
In most cases, you’ll find property conveyancers take lesser fees than lawyers and solicitors.
Why use a property lawyer?
You will find that a property lawyer is usually an expert in several areas of the law as well as real estate conveyancing.
Property lawyers are more conversant with the overall legal matters and may therefore be more suited to aid you in any legal complications linked to the conveyancing process.
A good property lawyer can offer the same services as a property conveyancer, and additionally be more able to handle contracts with far more legal complexity and clauses.
If you elect to hire a property lawyer for conveyancing related work, be sure to validate they have experience in conveyancing.
Decision time! The conveyancer or the lawyer?
A property lawyer may be preferable to a conveyancer in more complex property dealings. A property lawyer has the all-embracing legal knowledge essential to handling such issues.
However, if the property on sale commands a comparatively smooth transaction, a conveyancer is usually capable and economical.
In both cases, do your research, ask for references and be specific about your requirements.
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