Buying or selling a home is one of the biggest decisions of your life. From getting the house prepared for sale, putting it on the market, finding a buyer or a seller and finally settling the deal. The process is a long one and for most of us, we need help especially with the paperwork. When it comes to the UK, and Kent to be specific, you will need the services of a legal professional more than ever. The legal requirements within the county is more than overwhelming even for professionals. With the help of solicitor conveyancing can be as convenient as it can be.
For sellers, a realtor will put the property on the market for you and try to find the best deal for you. For buyers, the realtor will try to find the best possible deal for you on the market listing. With all of these, however, you will need the services of a legal expert to take care of all the legalities about the buying or selling of real estate.
Conveyancing Professional Options
Now when it comes to handling legal matters in real estate, there are usually two options. You can choose to use either a conveyancing solicitor or just a licensed conveyancer. Unfortunately, many people do not even know the first thing about either of them let alone their difference.
To state their difference, we must appreciate that both are professionals dealing with the legalities involved in buying or selling a home. This is the transfer of the legal title of the home from the buyer to the seller (it is much more complicated than it sounds). Their main difference comes first by the bodies that regulate them. Licensed Conveyancers are governed by the CLC (Council of Licensed Conveyancers) while solicitors are regulated by the SRA (Solicitors Regulation Authority).
More substantial differences are however in their training, conveyancing fees and so on. When it comes to training, a solicitor receives much more training than a conveyancer. A solicitor is first, a fully trained lawyer with a 3 to a 4-year law degree. And then a two-year legal practice Course finishing with ‘Training Contract’ with a Solicitors practice for two years. A conveyancer, on the other hand, tends to be a self-taught legal practitioner only sitting exams for approval by the CLC. Solicitor conveyancing. therefore, offers a much wider legal knowledge and can deal with some issues, a conveyancer is restricted only to real estate law.
Benefits of solicitor conveyancing
A solicitor working in a firm with other solicitors has contact with solicitors specializing in other areas of law. They thus are in a better position to handle complicated cases that may require much more than the basic real estate knowledge like family law, litigation, wills, and more.
Conveyancers can represent both sides of a transaction. They are allowed to represent both the buyer and the seller in the same transaction. This naturally can present a conflict of interest for both parties. A solicitor however due to his/her legal experience often only represents the interest of either the buyer or seller and is thus at a better position of negotiating a good deal on behalf of his client.
Solicitor conveyancing is more often than not the best choice in real estate transactions.