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C&G’s Guide to Conveyancers and Solicitors
Are you considering a property transaction in future? This could be anything from selling an asset to bidding at auction or changing ownership. If property contracts are involved, it’s important to seek professional advice to ensure you have a complete understanding of the transaction, and that it settles smoothly and without surprise. Clients often wonder who is most suitable to consult prior to a real estate transaction – a conveyancer or a solicitor? This C&G blog will answer your questions – read on!
What is a conveyancer?
Conveyancers are licenced professionals who specialise in property law. You would engage a conveyancer for transactions such as buying, selling, leasing, updating Titles, land tax or stamp duty advice. Because they specialise in one area of law, they can be less expensive to hire. This may be a consideration for those on a budget.
What is a solicitor?
A solicitor possesses a more general knowledge of the law. They are fully across conveyancing, but can also advise on surrounding issues such as tax implications. Since they are more costly, they are more likely to offer their clients a highly personalised service - as opposed to a conveyancer who may be working with a large volume number of clients at any time.
Who should I appoint?
Unfortunately, there is no ‘right’ answer to this question. It will depend entirely on your budget, circumstances and complexity of the transaction. Whoever you decide to appoint, it’s crucial to recruit them early in the process of transaction. If you are selling, it’s necessary to produce a Contract of Sale and Section 32. If you are purchasing, you will appreciate expert help when reviewing and signing documents. Both specialists will be able to point out potential issues and negotiate terms that benefit you.
If your transaction is simple and straight-forward, you may benefit from hiring a conveyancer. However, if legal issues arise, conveyancers may need to refer you to a lawyer, in which case you’ll have to carry further costs. A complex transaction would benefit from a solicitor who can mitigate legal obstacles more effectively.
What is the best choice for you? If you’re unsure, talk to the friendly team at Chisholm and Gamon today! We will happily refer you onto our extensive network of professional services to ensure you are in good hands. Contact us here.