Conveyancing is an important step in the buying process – it is where a property is transferred from one party to another.  This is usually done via one of three ways:  a solicitor, a conveyancer or by the purchaser via a do-it-yourself (DIY) convenyancing kit.

Solicitors are usually the more expensive option, but can provide you with a wide range of legal advice in relation to property, wills etc. Expect to pay anything from $400 to upwards of $1,500, depending on the circumstances of your particular property transaction. Note that in Western Australia you can only use a solicitor for the purchase of a property if that solicitor is also licensed as a conveyancer.

Conveyancers are licensed to provide the same conveyancing services as solicitors, but can only give legal advice relating to property. If you also need advice on other areas, such as tax or your will, you will need to see an appropriate adviser such as a solicitor and/or accountant. Conveyancers are usually cheaper than solicitors, with their charges ranging from $600 to $1,000 (although their costs will vary depending on the circumstances of your particular property transaction).

For those who like to be ‘hands on’ there are DIY conveyancing kits on the market that are suitable for both buying and selling a home, and for auction and private treaty sales. These kits provide a step-by-step guide to conveyancing, and some offer a telephone support service to assist you. The major advantage of going the DIY path is the money you can save, but there are potential pitfalls into which a solicitor or conveyancer is less likely to fall. The professional’s indemnity and fidelity cover is also a factor that a buyer may wish to consider. DIY conveyancing kits range from about $90 to $150.