Attending every title transaction in person is not always possible. Living abroad, health issues or a busy schedule often make buying and selling property by power of attorney a practical choice. Done correctly it is a great convenience, but used carelessly it carries serious risks. Here is a step-by-step guide to a safe transaction.
What Is a Power of Attorney?
A power of attorney is an official document authorizing someone to act on your behalf for specific matters. For title transactions it must be prepared before a notary and include a photograph; otherwise the land registry will not accept it.
Types of Power of Attorney
Two forms are common. A special power of attorney grants limited authority for one specific property and is safer. A general power of attorney carries broad powers and is open to misuse, so it should only be given to fully trusted people when truly necessary.
Risks in Purchases by Proxy
The most common risks are forged or revoked documents, an agent exceeding authority, and the sale price not reaching the true owner. Since a power of attorney can be revoked at any time, its validity must be confirmed on the day of the transaction.
Verification for a Safe Purchase
Check validity through the notary or e-Government; a revoked document cannot be used. Compare the agent's identity with the deed record, contact the true owner directly if possible, and pay via bank transfer rather than cash. Review any liens, mortgages or attachments before proceeding.
Protecting Against Fraud
Be cautious of offers that rush you, avoid showing documents, or price far below market. When in doubt, pause and seek expert support.
For safe proxy title transactions, Armet Emlak & Harita is here: (0242) 417 72 72 · armetinsaatemlakharita.com