Many times sellers have already moved out of state or out of the area and ask the question ..... Do I have to make the trip to attend the closing?
The answer is no you do not. There are several options that you have and I've had clients do all of them at one time or another. Of course if you want to attend the closing, yes you are more than welcome to!
- You can have a friend or family member attend the closing for you and sign the documents for you with a temporary real estate power of attorney. I can help you attain this temporary p.o.a. through the title company.
- I can have the title company overnight you the closing documents. You can then pre sign the closing docs, and then overnight the package back to the title company. This is the method I usually prefer, but sometimes there is not enough time for the title company to get the docs prepared and have them shipped off to be signed and shipped back in time for the buyers closing.
- The last option, if we cannot work out the logistics for having the docs overnighted to be pre signed and if you have no one in the area that can sign for you as power of attorney, you can issue me a temporary poa and I'll sign for you as your agent and as your p.o.a.
So there you have it, if it is just too difficult or stressful for you to make the trip, one way or the other we will get the transaction closed for you!
If you are in the market to buy or sell real estate in St. Clair Shores or the surrounding Macomb County area, give me a call or email and I'd be happy to assist you. To start searching for homes for sale, sign up for a free Listingbook account.
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Mike Mitchell -REALTOR®
Real Living Kee Realty
Call / Text: (586) 291-2652
http://www.mikemitchell.realtor
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One and two are fine.....but I will never do the third.....Overnight the packet and wait for the closing is better in my book.
Gary De Pury, SFR
Good Q&A. The CDA loan program requires the seller to be at settlement, so unless that is the loan program, a seller is fine.
Gary - I understand the concern and I feel the same way. I have however done it before but I prefer not to. There were special circumstances that led me to decide to go ahead and sign poa. I had the closing docs and Hud 1 emailed to my clients for review and then talked to them to see if they had any questions. I also consulted my broker and title company prior to signing.
Thanks Ellie! Never heard of CDA?? Maryland program I assume.
I learned this too when we bought an investment property in Florida. I was worried we would have to go back just to close but everything was Fed-Xd back and forth and everything went well.
first closing I ever had I was the sellers POA. It was OK with the brokerage I was with? Or I was too green to know better. Either my current broker or my last put the fear of being a clients POA in me.
Shar - yep fed x works great!
Maureen - Really your 1st closing? I was really nervous about it at 1st but really I don't see why we need to be if we have everything in order and the proper communication with our clients.
Well written post Mike, and an important topic to bring up, preferably well in advance of closing. Obviously #2 would be the best choice, but I understand it's not always possible. The last option would make me a little nervous though.
Dan & Amy - Thank you! :)
And Yes, it definitely helps to discuss this well in advance of the closing.
This this legal in all states? I am mainly interested in Ohio.