Whether you choose to go with a conveyancer or a solicitor when you purchase a home depends on two things: What you are buying the home for and if you have an existing solicitor that you work with. If you don’t have an existing solicitor, it is hard to argue against using cheaper and more-specialised conveyancing services. So what exactly does a conveyancer do?
- They sort out all of the paperwork you need to finalise a house purchase.
- They organise building inspections so you know your new home is sound.
- They order strata reports to make sure there is nothing out of the ordinary.
These same services are provided by a solicitor, but a conveyancer only offers these services.
The Cost Consideration
The main difference (although slight) between using a conveyancer and a solicitor is the price. Usually, solicitors charge slightly more for their services because they offer other advice as well. A conveyancer will usually charge you a standard fee plus any expenses incurred while completing your settlement. If you already have a solicitor, you may want to consult with them, as they may be able to offer you a better deal. You may also want to use a solicitor if the property deal is only part of a larger investment, such as a business deal. Then they would be able to do your conveyancing work and offer any other legal advice that is needed.
Which is a Specialist?
Both solicitors and conveyancers are highly qualified. However, for someone who only deals in property, a conveyancer is the person you need. This can be useful if anything goes wrong or pops up unawares during your property deal. Chances are your conveyancer has seen it all before. However, if you retain the services of a solicitor they will also have the power to protect your interests and will know if you are being ripped off. In the unlikely case that anything should sour the deal they will also be able to take extended legal proceedings on your behalf. Let’s hope you don’t need them for settling disputes just yet though!
What is There to Do?
Both a conveyancer and solicitor will complete, explain and have you sign a number of documents relating to the transfer of deeds and settlement of the property. You may have to liaise a little with your bank for some of the paperwork but all of the rest will be covered by them. They will also find out if there are any outstanding council or strata debts on the property and can also organise a property inspection by a professional. Best of all they can answer any concerns you have about buying a property.