Complete a safe real estate transaction from your own Country using a Power of Attorney

24 Aug 2020
Complete a safe real estate transaction from your own Country using a Power of Attorney

Have you ever heard about the Power of Attorney (POA) for real estate? If someone holds Power of Attorney it means that they have the legal authority to act on behalf of another person (principal or adult) for specific purpose, for example the purchase or sale of a property, or to help them to get their NIE numbers, open a bank account and many other useful tasks all to help them to fit perfectly into the country and make life easier. 

With the COVID situation and possible lockdowns or restrictions with borders and quarantines it becomes a useful option for both parties as it means if there are any travel restrictions imposed, sales can still go to notary without any delay. With POA it is not necessary for the buyer / seller to be physically present to sign for completion at notary. The person who is interested in purchasing or selling a property places their trust in an attorney that has a legal, fiduciary and ethical duty to represent their best interests.

In which situations should you exert a Power of Attorney

Power of Attorney is being used more and more by international investors and buyers or sellers for closing real estate transactions. It should be noted that a Power of Attorney can only authorize an attorney to mediate in legal or financial aspects, and not health issues.

In case you need to sell a house in Moraira, Benitachell or anywhere on the Costa Blanca, but couldn’t be in Spain due to the coronavirus crisis, you can assign a legal representative that will take care of your interests. The agent or lawyer must act honestly and responsible. It is recommended to keep in touch with your representative by phone or videocalls to make sure there aren’t any misunderstandings regarding the purpose of the negotiation. 

If you are looking for a property for sale in Costa Blanca, but you are unable to attend to visit the properties personally, you can also assign the power of attorney to someone to act in your place for an specific procedure. At Select Villas we sell a variety of properties in the most emblematic places of the Northern Costa Blanca: Moraira - Teualda, Benissa Costa, Calpe, Benitachell (Cumbre del Sol)... The best part of all is that you can visit them virtually thanks to our 360º properties views service.

Power of Attorney, the best solution to sell or purchase a property in Costa Blanca

Now there are new developments to assist buying or selling a property in Spain without you hardly having to move from the sofa, and POA is working very well for closing legal and financial agreements from miles away

At Select Villas we wish both buyers and sellers enjoy a hassle-free process. So, if you are thinking of buying an apartment in Calpe or selling a country house in Teulada, remember that you have the option of choosing a trusted person to represent you legally.

Any questions? Our multilingual Estate Agents in Moraira will be on hand at the other end of the telephone to answer any possible questions: +34 966 490 861 | +34 616 002 993. If your prefer to send us an email you can contact us at enquiries@select-villas.es. If you live in the province of Alicante or surroundings, you can find us easily in Avenida de Madrid 5, 03724 Moraira, Alicante.

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