The purchase and sale of property both involve a myriad of costs. Thus, it is unsurprising that some people will choose to hire a conveyancer under the impression that this will help them save some money during the transaction of a property rather than hiring a property lawyer. Although hiring a conveyancer, granted, is a cost-efficient alternative, you should bear in mind that the scope and quality of the property law services would not compare to having a property lawyer handle your legal matters. If you are planning to either sell or purchase a property, read the following reasons why a property lawyer will offer you better property law services than a conveyancer will.
Navigating a vast scope of legal matters
One of the main reasons why a property lawyer will be of better service to you than a conveyancer during property transactions is their ability to navigate a broad range of legal matters that will be challenging for a conveyancer. A few of the legal issues that can crop up during the sale or purchase of a house includes lease issues, ownership challenges and possible boundary disputes that have never been resolved. While a conveyancer can handle matters relating to getting paperwork in order for the property transactions, they will be hard-pressed to navigate the above mentioned legal matters the same way that a property lawyer with the needed expertise will be able to.
Negotiating with the other party's lawyers
You may be thinking that a property transaction will not have any need for legal representation if there are no contentious issues arising. But you would be mistaken. Both parties involved in the property sale will need lawyers since these professionals will be tasked with the drafting of the contracts for the sale and purchase of the property. If you do not have a lawyer representing you, you will be at risk of signing a contract that stipulates sale conditions that are not favourable to you. Resultantly, you could end up regretting selling or purchasing the property. Furthermore, in case of any regret, a property lawyer would be capable of requesting a revision of the terms by negotiating with the other party's legal team.
Resolving a slew of unexpected complexities
The main reason why conveyancing services are considered more affordable than hiring a lawyer is that these individuals tend to offer a flat rate once you hire them. Although this flat rate may seem advantageous at the onset, you should note that it only covers specific matters regarding the sale or purchase of a property. A property lawyer, conversely, will bill you according to the time they spend on your case. Therefore, if any complexities crop up during the transaction, you can have your property lawyer resolve them as they arise.
For more information, contact a business that provides property law services.