Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What kind of power of attorney do I need for a Saskatoon home sale?

You need a power of attorney that specifically grants authority over real property, not a generic or limited financial one, and the Law Society of Saskatchewan requires the lawyer closing your sale to review the actual document before relying on it, not just take your word that one exists.

A general power of attorney that only covers day-to-day banking will usually not be broad enough to sign a listing agreement, accept an offer or complete a closing on someone else's behalf, so check the specific wording rather than assuming any power of attorney will do.

This comes up most for a family selling on behalf of an aging or absent parent, and setting the right document up before a health event forces the issue is far easier than getting one signed after capacity has already declined, since a power of attorney signed after that point is not valid.

Budget legal fees of $800 to $1,500 for the review on top of the usual closing costs, since this is not a step a lawyer will skip. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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