A durable power of attorney (POA) enables your elderly parent (called the principal in the power of attorney document) to appoint an agent, such as a trusted relative or friend, to handle specific health, legal and financial responsibilities. There are two types of power of attorney:
Deeds are also categorized based on the type of title warranties provided by the grantor. The general warranty deed, for example, provides the highest level of protection to the buyer. The quitclaim deed, on the other hand, typically provides the least buyer protection. The different types of deeds include:
Buyers. Homes for sale âby ownerâ are often the best value in any neighborhood. That is because owners have maximum negotiating flexibility, especially when they donât have a listing agentâs commission soaking up 3% or more of the sale price. Of course, we encourage âby ownerâ sellers to cover all or part of the buyerâs agent commission, so thereâs still no cost to you.