Monday, May 7, 2012

Solicitors vs conveyancers




We are commonly asked what is the difference between a solicitor and conveyancer and how to tell who can serve you best when buying or selling your property.

All property transactions require legal documentation such as contracts and mortgage documents.
Both conveyancers and solicitors can prepare and execute these documents on your behalf.

Both options offer you preparation of documents, legal advice relating to contracts and properties  and explanation of contracts. Solicitors however, can offer you additional legal advice around issues such as tax matters, inheritance law and more complicated contract issues such as easements and rights of carriageway. Solicitors are generally employed when the contracts are not typically straightforward and provide you with a higher level of security in this instance.

One of the most obvious differences is that of cost with conveyancers often being significantly less expensive due mainly to a smaller scope of practice.

If considering a conveyancer it is essential to ensure that they are registered with the NSW Department of Fair Trading and that they hold current professional indemnity insurance.

1 comment:

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