Power of Attorney Agreement of Sale
A power of attorney agreement of sale is a legal document that allows an individual (the “principal”) to authorize another individual (the “agent” or “attorney-in-fact”) to act on their behalf when it comes to selling a property. This type of agreement can be especially useful if the principal is out of town, incapacitated or otherwise unable to act on their own behalf.
When drafting a power of attorney agreement of sale, it’s important to include specific details regarding the property in question, including its exact location, the current owner’s name and contact information, and any relevant legal descriptions or property documents. Additionally, the agreement should outline the specific powers that the agent is authorized to exercise on the principal’s behalf, such as the ability to negotiate offers, review and sign contracts, and handle any necessary inspections or repairs.
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