When buying or selling a property, it is likely that you will require a professional to assist you with the property transfer. Both conveyancers and solicitors can help you review legal documents, check the contract of sale, assess taxes involved in the purchase, help you ensure payment is made and coordinate time of settlement.

 

Although conveyancers and solicitors both provide support for property transactions, there are differences between the two which should be considered when engaging a property transfer professional.

 

Conveyancers

 

Conveyancers are specialists in property transfers. They can help with the paperwork involved in selling or buying a property and can assist in the transfer of a property from one party to another.

 

Their tasks may include the completion and lodgement of relevant property documents, making enquiries in regards to zoning and titles, providing information on rates and taxes, reviewing the property contract and preparing the settlement statement.

 

The training to become a conveyancer typically involves a one year diploma course and an additional year of supervised training. Conveyancers are limited in the amount of legal advice they can offer clients.

 

Solicitors

 

A solicitor is a legal professional who is qualified to deal with conveyancing and other legal matters.

 

In addition to the tasks a conveyancer can provide, solicitors are qualified to offer legal advice and take legal action in relation to your property. Solicitors are generally able to deal with a broader array of complex legal matters in regards to property transfers.

 

The training to become a solicitor involves at the very least a bachelor degree, which generally takes four years to complete. During the degree, students spend approximately two years studying property related law.

 

Which should you choose for your property transfer?

 

People often make the mistake of engaging a property transfer professional based merely on price. Although both conveyancers and solicitors can perform many of the same tasks, their differences lie in the more complex matters.

 

When deciding between a solicitor and conveyancer, it’s important to consider the current and potential future legal matters surrounding your property transaction. If you would like in depth legal advice surrounding your property and if you may need legal representation, you should engage a solicitor instead of a conveyancer.

 

If you are looking to buy or sell a property and would like to speak to a qualified solicitor in regards to conveyancing, please do not hesitate to contact Owen Hodge Lawyers on 1800 770 780.

 

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