buying from a POA seller caveats?

goldenball wrote: ↑ in this hot market, are there any caveats in signing a purchase agreement before lawyer has the chance to review it.
My lawyer said he would like to review the POA first but often in this market it is not possible,much like the condition of inspection is impossible . The offer would simply be rejected.
Would the selling agent be responsible if the POA is later on contested?

CNeufeld wrote: ↑ Seems like that would have been a great question to ask your lawyer…. In any case, if it gets to that point, it’s likely to be a very big mess, which could hold up things for months. Straightforward when it’s all lined up, worse than a tenant who won’t leave it it falls apart.

C

ZxExN wrote: ↑You are the seller or buyer? Stuff in the POA are often pretty straight forward and doesn't need a lawyer to review. What exactly are they concerned about within there?

oasis100 wrote: ↑ aak for the poa document

goldenball wrote: ↑ My lawyer advised caution potential problems with POA and probate if any etc (after the fact) but both selling agent (1%commision) and buying agent (2.5%) thinks its ok, just sign at the dotted lines and hand over the cash otherwise offer goes to the next bid in line.