Whats the diff between conveyancer/solicitor.
- Thread starter Jayro
- Start date
A conveyancer is fine for a very straightforward purchase. But if anything goes wrong, you'll probably need a solicitor anyway. In my experience:
1) Transactions are rarely very straightforward (don't think I've had any).
2) Something goes wrong pretty often.
3) Once things have gone wrong, it's the wording of the contract (including any special clauses that were inserted) which'll save you (or not). So if you didn't have a solicitor involved prior to contract signature, it may be too late for the solicitor to help you once you've realised you have a problem. This forum alone outlines many examples of this!
With the multiple experiences I've had of things going wrong, I would absolutely recommend having a solicitor look over the contract prior to signature, and write any special clauses.
The order of magnitude seems to be that a conveyancer might cost $400 and a solicitor about $600. Why quibble over $200 for the sake of an asset that's usually worth thousands of times that amount? For your $200, you get assistance drafting the contract and advice throughout the conveyancing period. Seems like a bargain to me.
1) Transactions are rarely very straightforward (don't think I've had any).
2) Something goes wrong pretty often.
3) Once things have gone wrong, it's the wording of the contract (including any special clauses that were inserted) which'll save you (or not). So if you didn't have a solicitor involved prior to contract signature, it may be too late for the solicitor to help you once you've realised you have a problem. This forum alone outlines many examples of this!
With the multiple experiences I've had of things going wrong, I would absolutely recommend having a solicitor look over the contract prior to signature, and write any special clauses.
The order of magnitude seems to be that a conveyancer might cost $400 and a solicitor about $600. Why quibble over $200 for the sake of an asset that's usually worth thousands of times that amount? For your $200, you get assistance drafting the contract and advice throughout the conveyancing period. Seems like a bargain to me.
Ouch!
My solicitor - two years ago - was $500 for a sale and $700 for a purchase. (That doesn't include the approx $500 for searches on a purchase, of course.)Are those charges typical for NSW, or do you have expensive specialists?
Approx $750 for our conveyancers in Melbourne, up from about $650 a year ago. We've put a couple of purchases through them and have had no problems.
As others have said, if it's a straightforward purchase then conveyancers are fine, but when the proverbial hits the fan, you'll need a solicitor.
If I was selling I think I'd use a solicitor, but we're hoping not to sell for decades.
As others have said, if it's a straightforward purchase then conveyancers are fine, but when the proverbial hits the fan, you'll need a solicitor.
If I was selling I think I'd use a solicitor, but we're hoping not to sell for decades.
A conveyancer is fine for a very straightforward purchase. But if anything goes wrong, you'll probably need a solicitor anyway. In my experience:
1) Transactions are rarely very straightforward (don't think I've had any).
2) Something goes wrong pretty often.
3) Once things have gone wrong, it's the wording of the contract (including any special clauses that were inserted) which'll save you (or not). So if you didn't have a solicitor involved prior to contract signature, it may be too late for the solicitor to help you once you've realised you have a problem. This forum alone outlines many examples of this!
With the multiple experiences I've had of things going wrong, I would absolutely recommend having a solicitor look over the contract prior to signature, and write any special clauses.
The order of magnitude seems to be that a conveyancer might cost $400 and a solicitor about $600. Why quibble over $200 for the sake of an asset that's usually worth thousands of times that amount? For your $200, you get assistance drafting the contract and advice throughout the conveyancing period. Seems like a bargain to me.
Spot on in my book although, as per another comment, I must admit I know a conveyancer with better legs than all my solicitor contacts
That's rather pricey if it's just the standard fee with disbursements coming out on top. I know of a few solicitors who charge the same or lower (& some heaps higher
).
I recently used a Conveyancer for $450 to settle on the sale of a property. (QLD) It would have cost me at least $1500 with my Solicitor.
I also had a few "hick-ups" and had written a few clauses into the contract, which my Conveyancer followed up with no extra charge!
I was selling not buying, so was not concerned about financing the deal through a bank. I would use a Solicitor to buy though, now more than ever.
Regards JO
I also had a few "hick-ups" and had written a few clauses into the contract, which my Conveyancer followed up with no extra charge!
I was selling not buying, so was not concerned about financing the deal through a bank. I would use a Solicitor to buy though, now more than ever.
Regards JO
I recently used a Conveyancer for $450 to settle on the sale of a property. (QLD) It would have cost me at least $1500 with my Solicitor.
I also had a few "hick-ups" and had written a few clauses into the contract, which my Conveyancer followed up with no extra charge!
I was selling not buying, so was not concerned about financing the deal through a bank. I would use a Solicitor to buy though, now more than ever.
Regards JO
So a $1050 saving Hmmmmm must be your shout
That's rather pricey if it's just the standard fee with disbursements coming out on top. I know of a few solicitors who charge the same or lower (& some heaps higher
No, the $750 (approx) is the total fee, incl GST. (Warringal Conveyancers in Ivanhoe)
In fact the property just settled 35 mins ago! My wife should be picking up the keys about now. (it's our new PPOR)
Full ducted air con, just in time for Melbourne's hottest heatwave in 100 years, woo hoo!!!
Congratulations, Jonathon. Now crank up that air-con!
I have used a conveyancer to sell, a lawyer or solicitor to buy and have done my own conveyancing to buy a block of land. (never again as it is easier to pay someone to do conveyancing).
It is horses for courses BUT when you get in a tight spot you need a lawyer to provide you with expert advise!
Are you are serious = you are building relationships.
I also use an insurance broker of course I pay more but when I ring and ask for advise he can supply this information without me reading a whole lot of 'mumble jumble' which I can't understand.
Personally, I am prepared to pay a bit extra for 'trained and experienced' professionals as theya re so thin on the ground.
I have a REA who I trust.
We have 2 x young PM's who I trust (because I am responsive to their requests and communicate to)
We have a lawyer who will come to my home on Sundays to get me out of trouble when I have done something dumb and also will sign legal documents (still can't believe I did it but I did!!!)
On the downside...
We have a builder who has destroyed our TRUST.
He created expectations and did not deliver.
OUTCOME
We will be able to inform our current builder that we plan to build 3 duplexes x 3 bedroom X 2 bathroom x 2 garage duplexes OR 6 x 3 bedroom x 1 bathroom x 2 garage houses (dependant on purchase land costs and restrictions ) and that we cannot consider him as the builder as he created expectations and did not deliver.
We only asked for a fair deal eg. if we buy this block of land when can you start building.....
No competition you do not have to quote to complete against another builder.
Regards
Sheryn
It is horses for courses BUT when you get in a tight spot you need a lawyer to provide you with expert advise!
Are you are serious = you are building relationships.
I also use an insurance broker of course I pay more but when I ring and ask for advise he can supply this information without me reading a whole lot of 'mumble jumble' which I can't understand.
Personally, I am prepared to pay a bit extra for 'trained and experienced' professionals as theya re so thin on the ground.
I have a REA who I trust.
We have 2 x young PM's who I trust (because I am responsive to their requests and communicate to)
We have a lawyer who will come to my home on Sundays to get me out of trouble when I have done something dumb and also will sign legal documents (still can't believe I did it but I did!!!)
On the downside...
We have a builder who has destroyed our TRUST.
He created expectations and did not deliver.
OUTCOME
We will be able to inform our current builder that we plan to build 3 duplexes x 3 bedroom X 2 bathroom x 2 garage duplexes OR 6 x 3 bedroom x 1 bathroom x 2 garage houses (dependant on purchase land costs and restrictions ) and that we cannot consider him as the builder as he created expectations and did not deliver.
We only asked for a fair deal eg. if we buy this block of land when can you start building.....
No competition you do not have to quote to complete against another builder.
Regards
Sheryn
