If you are selling your house without an agent and you have to be out of town for a while, do you know what to do? Years ago, I learned how to handle that situation when I'm selling my house. To show my house to interested buyers when I'm out of town I needed help that was set up in advance of my trip. I found out about a Limited Power of Attorney form which allows me to give a trusted person the legal right to show and even contract to sell my home in my absence. Since I learned about it, Limited Power of Attorney forms have worked well for me whenever I needed someone else to assist me in selling my house.
Now please remember that I am not a lawyer or any kind of expert in real estate law, but what I understand is that in most states a person has to be licensed to help someone else sell a house. There are exceptions of course, but whenever someone who is not the owner of a house gets involved in a transaction, that person is legally required to have a real estate license. To repeat, I'm not giving legal advice, I'm simply explaining one idea that has worked for me in the past for selling my house.
Ever since I learned about using a Limited Power of Attorney form, one that is properly drafted by my attorney who is, of course, licensed in my state, I have had good success with it. I sign the form to appoint a certain person who is named on the form, to represent me in the tasks involved in selling my house. It's important that I choose a person I can absolutely trust, of course, and that choice is completely my responsibility.
Then, thereafter, he or she is called my "attorney in fact," but that term has nothing to do with being an attorney; the only similarity is that both a licensed attorney and an attorney-in-fact can assist me regarding the sale of my property. This person, my attorney-in-fact is representing me only for certain very specific tasks when I sell my house, and has no other legal rights or responsibilities for me at all.
Whenever my attorney-in-fact has dealings with buyers signing paperwork to buy my house, he or she can complete a sales contract for the buyer to sign, and then sign the ales contract on my behalf as well. This is a great advantage for sellers who may be unavailable to sign in person when the time comes.
Now please remember that I am not a lawyer or any kind of expert in real estate law, but what I understand is that in most states a person has to be licensed to help someone else sell a house. There are exceptions of course, but whenever someone who is not the owner of a house gets involved in a transaction, that person is legally required to have a real estate license. To repeat, I'm not giving legal advice, I'm simply explaining one idea that has worked for me in the past for selling my house.
Ever since I learned about using a Limited Power of Attorney form, one that is properly drafted by my attorney who is, of course, licensed in my state, I have had good success with it. I sign the form to appoint a certain person who is named on the form, to represent me in the tasks involved in selling my house. It's important that I choose a person I can absolutely trust, of course, and that choice is completely my responsibility.
Then, thereafter, he or she is called my "attorney in fact," but that term has nothing to do with being an attorney; the only similarity is that both a licensed attorney and an attorney-in-fact can assist me regarding the sale of my property. This person, my attorney-in-fact is representing me only for certain very specific tasks when I sell my house, and has no other legal rights or responsibilities for me at all.
Whenever my attorney-in-fact has dealings with buyers signing paperwork to buy my house, he or she can complete a sales contract for the buyer to sign, and then sign the ales contract on my behalf as well. This is a great advantage for sellers who may be unavailable to sign in person when the time comes.
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Want to learn how to sell your house without an agent? We offer tips and advice for home owners asking the question, "How can I sell my house?"
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