The procedure where by the seller (which is also the owner ) transfers the legal title of a property together with all the rights that run with the property to the buyer is known as conveyancing. Conveyancing in most cases occurs in three stages - before contract, before completion and after completion. In some cases, the seller and the buyer may decide to carry the transfer of the property without the help of the solicitor or conveyancing lawyer but this kind of transfer usually causes big problem for the buyer and the seller. So people prefer the use of qualified conveyancing lawyer to carry out the whole process to avoid disputes after the sale of the property. Money paid to a conveyancing lawyer is different from the money that will be paid for transferring the property.
There are also good, fast and cheaper ways of transferring property between two parties or individuals such as the internet. With the help of technology advancement, some solicitors now use sophisticated software application to initiate, process and conduct the transferring of properties on the internet by simply filling and signing of documents online between the two parties involved.
Internet conveyance procedure is cheaper but there are still some conveyancing lawyers / solicitors, who prefer the use of conventional approach in handling a title and deeds of transfer process. The conventional approach is more expensive than the online approach but most solicitors use it because it helps in keeping contact and understanding the buyer and the seller.
The conveyance service fee that a conveyancing lawyer collects, does not necessarily reflect the quality of his expertise or services and in several occasion, firms of solicitors that have built a wide range of clientele base collects low amount of money.
Online conveyance services are cheap but their cost varies from one firm of solicitors to the other and it depends mainly on the size of the firm, value of the building / land or the number of clients which the solicitor are handling; the cost may be between $500 to $2500 or more as the case may be. Conveyance is a practice of unknown quantity.
With the help of the application software, online conveyancers have excellent IT facilities and team structure that helps in case management and their clients are updated often on what is going on with their transfer process. That a firm of solicitors charge high amount does not always imply they are experts or will offer the best conveyance service but although at times it may be.
When a solicitor keeps his client informed / updated on the title ownership transfer process, it helps in building conveyancing reputation. When one is buying property, it does not necessarily mean he has the amount of money needed for the transaction or to pay the solicitors. You can always employ a solicitor that can collect average or cheap conveyancing service fee that will not constrain you in you finances.