Getting the legal aspect of buying or selling a property properly is essential because it's one of the most significant financial decisions most people make. For the legal transfer of ownership, whether you're buying or selling, you'll need an expert. A conveyancer or real estate solicitor can help with this. However, what distinguishes the two, and which one ought to be selected?
Understanding the Role of a Conveyancer
A conveyancer specialises in the legal aspects of transferring property ownership and commercial or residential conveyancing. They handle tasks such as:
- Preparing and lodging legal documents
- Conducting property title searches
- Calculating rates and taxes
- Liaising with banks and real estate agents
- Ensuring the settlement goes smoothly
Conveyancers are trained and licensed professionals who focus solely on property transactions. They are typically more affordable than solicitors and are a popular choice for straightforward residential property deals.
When to Choose a Real Estate Solicitor
A real estate solicitor is a qualified lawyer who can also provide conveyancing services—but with added legal expertise:
- Property transactions involving deceased estates or divorce settlements
- Commercial real estate deals
- Contract disputes
- Planning and zoning issues
- Legal representation in court, if required
Because solicitors have a broader legal background, they are equipped to manage situations where legal risks or complications may arise.
Key Differences Between a Solicitor and a Conveyancer
Their range of services is where they diverge most. While real estate attorneys can handle a greater range of legal concerns outside conveyancing, conveyancers only deal with property transfers. If your real estate transaction is quite simple, hiring a conveyancer could be more cost-effective and efficient. However, a solicitor's more extensive legal understanding might offer comfort if there is any complication involved.
Making the Right Choice
Think about the specifics of your transaction while deciding between a conveyancer and a real estate solicitor. A licensed conveyancer may be adequate and reasonably priced for a typical residential purchase or sale. Investing in a solicitor might help you avoid expensive legal issues later on if your transaction contains legal risks, several parties, or unusual conditions.
