Real Estate Purchase Power of Attorney

for Your State
1 Review

This document allows an individual to appoint another person to purchase some real estate on his or her behalf.

File types included

  • Microsoft Word
  • Adobe PDF
  • WordPerfect
  • Rich Text Format

Compatible with

  • Windows
  • Mac OS X
  • Linux

For Immediate Download

$19.95
Select state
Add to Cart
Free eSignature included
with every order
Please select a state

Attorney prepared

Our forms are kept up-to-date and accurate by our lawyers

Unlike other sites, every document on FindLegalForms.com is prepared by an attorney, so you can be sure that you are getting a form that is accurate and valid in your state.

Valid in your state

Our forms are guaranteed
to be valid in your state

Our team works tirelessly to keep our products current. As the laws change in your state, so do our forms.

Over 3,500,000
satisfied customers

In over 10 years of creating and selling legal forms, our focus has never changed: providing our customers high quality legal products, low prices and an experience that takes some confusion out of the law.

Free eSignature

Sign your form online, free with any form purchase

We now provide a free Electronic Signature Service to all of our visitors. There are no hidden charges or subscription fees, it's just plain free.

60-Days Money Back

Try our forms with no risk

If you are unhappy with your form purchase for any reason at all, contact us within 60 days and we will refund 100% of your money back.
In the course of conducting business, it may become necessary to appoint another person to make your real estate purchase on your behalf. This instrument, called The Limited Power of Attorney for Purchase of Real Estate, authorizes another party to carry out the transaction for you. Without the Limited Power of Attorney, your transaction may be impossible to finalize or deemed unenforceable, at a great cost to you of time, money, and personal effort.

Because many states have unique laws governing Power of Attorney forms, you will need a form that specifically complies with the laws of your state to ensure that your transaction is both valid and enforceable. A boilerplate form from another state may very well be in violation of governing law in your state and be unenforceable.

The Limited Power of Attorney involves the appointment of an "Agent" or "Attorney In Fact" which is made by a mentally competent natural person, often referred to as the "Principal" or "Grantor" Once the appointment is made, the Agent is then authorized to make the real estate purchase. Said purchase is made according to the terms specified in the Limited Power of Attorney Purchase of Real Estate form you are provided here.

The packet here provides details to tailoring the form to your specific needs, so that the transaction is accomplished according to your instructions. This also minimizes the chance of misunderstanding or confusion regarding the real estate purchase.

This packet identifies and explains many key elements in drafting this document; some of the important provisions incorporated herein include the following:
  • Explanation of Parties: Provides details regarding the designation of parties and their various responsibilities and designations;
  • Key Concepts of the Form: Identifies the key concepts and terms of the form to ensure validity and enforceability;
  • Notary: Explains the additional legal benefits and requirements of notarizing this form;
  • Explanation of Legal Terms: Provides description of terms used within form to make form accessible to all users;
  • Details the Rights of Limited Power: Specifically sets forth the rights included in the limited power to purchase real estate as granted by the principal;
  • Effective Dates: Sets forth effective time frame for use of form, from beginning to end.


  • Protect your Rights and Property, by using our professionally prepared up-to-date forms.

    The packet available here for purchase was prepared and reviewed by an attorney and includes the following:
    1. Checklist & Instructions for use of the Limited Power of Attorney for Purchase of Real Estate form;
    2. Detailed information and specifics regarding the Limited Power of Attorney for Purchase of Real Estate;
    3. the Limited Power of Attorney for Purchase of Real Estate form for you to tailor to your specific needs.
    This form is designed for use in and is compliant with the laws in your state.
Number of Pages7
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#17037
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Limited Power of Attorney for
Purchase of Real Estate
(New York)






This Packet Includes:
1. General Instructions & Checklist
2. Information
3. Limited Power of Attorney for Purchase of Real Estate






General Instructions & Checklist
Limited Power of Attorney for Purchase of Real Estate
(New York


   This Limited Power of Attorney for Purchase of Real Estate becomes effective immediately and remains effective until (a) the Real Estate is purchased and the transaction is completed; or (b) in the event of death or incapacity of the Principal; or (c) if the Principal revokes the document (whichever occurs first).

   The Principal (i.e. the person granting the Power of Attorney; sometimes called the Grantor) should sign the document before a Notary. Notarization will allow the Limited Power of Attorney for Purchase of Real Estate to be recorded as a public record, if necessary.

   Although not always required, it is always a good idea to also have two witnesses sign the Power of Attorney. The witnesses should be adults. Generally, anyone related by blood or marriage to the Principal, the Agent or the Notary should not be a witness.

   The Principal should keep the original document, as well as a copy. The Agent should have access to the original document as needed.

   The Principal should also be very careful in the selection of the Agent and should be careful in instructing the Agent (i.e. Attorney-in-Fact).

   These forms are not intended and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document with another party.

    The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com







Information
Limited Power of Attorney for Purchase of Real Estate
(New York)


A situation may arise, where it may be necessary to appoint another person as your agent to purchase a piece of real estate on your behalf. This may occur if, for example, you (i.e. the Buyer) reside in another city and will not be available to handle the transaction personally.

A Limited Power of Attorney for Purchase of Real Estate allows a “mentally” competent natural person (called the “Principal” or “Grantor”) to authorize someone else (called the “Agent” or “Attorney-In-Fact”) to act on his or her behalf in purchasing the real estate specified in the Limited Power of Attorney for Purchase of Real Estate form. This particular form becomes effective immediately and remains effective until (a) the Real Estate is purchased and the transaction is completed; or (b) in the event of death or incapacity of the Principal; or (c) if the Principal revokes the document (whichever occurs first).

Note that the word "attorney" is not used here to mean "lawyer".  The person acting as the Attorney-In-Fact for the Principal does not need to be a lawyer. Almost anyone can be appointed an Attorney-In-Fact by a power of attorney. The Agent should be a competent adult. The Grantor can revoke a General Power of Attorney at any time.

The Limited Power of Attorney for Purchase of Real Estate should always be notarized, even if your state does not require it. Notarization will make it more difficult for any third party to challenge the validity of the Limited Power of Attorney for Purchase of Real Estate and will allow it to be recorded as a public record, if necessary.

Although, some states dont require a Limited Power of Attorney for Purchase of Real Estate to be witnessed, it is always a very good idea to do so.

Please note that this information is not intended as and is not a substitute for legal advice. Furthermore, this information is general information that is not state specific. Whenever appropriate, the instructions included with the forms packages offered for sale, generally include state specific instructions.










DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  

THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. 




LIMITED POWER OF ATTORNEY FOR PURCHASE OF REAL ESTATE

CAUTION TO THE PRINCIPAL:
Your Power of Attorney is an important document. As the “principal,” you give the person whom you choose  (your “agent”) authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority.
 
When your agent exercises this authority, he or she must act according to any instructions you have provided or, where there are no specific instructions, in your best interest. “Important Information for the Agent” at the end of this document describes your agent's responsibilities.

Your agent  can  act  on  your behalf only after signing the Power of Attorney before a notary public. You can request information from your agent at any time.  If you are revoking a prior Power of Attorney by executing this Power of Attorney, you should provide written notice of  the revocation to your  prior agent(s) and to the financial  institutions where your accounts are located.
    
You can revoke or terminate your Power of Attorney at any time for any reason as long as you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting improperly.
 
Your agent cannot make health care decisions for you. You may execute a “Health Care Proxy” to do this.
 
The law governing Powers of Attorney is contained in the New York General Obligations Law, Article 5, Title 15. This law is available at a law library, or online through the New York State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us.

If there is anything about this document that you do not understand, you should ask a lawyer of your own choosing to explain it to you.

KNOW ALL PERSONS BY THESE PRESENTS:

I, ____________________________________ (“Principal”) maintaining an address at ____________
______________________________________________________________ do hereby make and appoint ________________________________________ (“Agent”) maintaining an address at: _________________________________________________________________ my true and lawful attorney-in-fact for me and in my name, and in my behalf with full power to:

Purchase and acquire on my behalf the real estate located at: _________________________________
__________________________________________________________________________________ (Address of property) and legally described as (insert legal description or attach exhibit and write “see attached exhibit”): ___________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________

This limited power shall include the right to complete and execute any and all documents, instruments, warranties, releases, mortgages, applications or deeds necessary for such transaction, retain lawyers, accountants or brokers, apply for and obtain necessary loans, arrange for investigations, searches and inspections of the property, pay funds for such purchase and do all other things necessary and appropriate to complete the transaction.

I hereby ratify and confirm all acts that my Agent, shall lawfully do or cause to be done by virtue of this power of attorney and the rights hereby granted.

This Limited Power of Attorney and the rights, powers, and authority of my Agent shall become effective immediately upon execution of this instrument. The rights, powers, and authority of this document shall remain in full force and effect thereafter until the above described real estate is purchased and the transaction is completed or in the event of my death, disability or incapacity, or upon my revocation of this document, whichever occurs first. As used herein, "disability" or "incapacity" shall mean a lack of capacity to receive and evaluate information effectively, to communicate decisions, and/or to manage my financial resources and affairs properly.

My Agent shall be entitled to reimbursement of all reasonable expenses incurred as a result of carrying out any provision of this Power of Attorney. Agent may be required to provide an accounting of all funds received and/or disbursed.

If any part of this document is held to be invalid, illegal or unenforceable under applicable law, then the remaining unaffected parts of the document shall still remain in full force and effect and not be affected by any partial invalidity.

Any third party who receives a copy of this document may act under it. Revocation of the power of attorney is not effective as to a third party until the third party has actual knowledge of the revocation. I agree to indemnify the third party for any claims that arise against the third party because of reliance on this power of attorney.  


Agent shall not be liable for losses resulting from judgment errors made in good faith. However, Agent will be liable for breach of fiduciary duty, failure to act in good faith and/or willful misconduct, while acting under the authority of this Power of Attorney.

I may revoke this Power of Attorney at any time by providing written notice to my Agent.  

Signed on ________________ (date), at _______________________ (city),  ______________________ (state).


Principal sign here:==>__________________________________________         


Witness Signature: ___________________________________
Address: ___________________________________



Witness Signature: ___________________________________
Address: ___________________________________


STATE OF NEW YORK       )
    ) ss.:
COUNTY OF    _____________ )

On the ______ day of ________________ , in the year 20___ before me, the undersigned, a Notary Public in and for said state, personally appeared ___________________________________ , personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the person or the entity upon behalf of which the person acted, executed the instrument.

                        
   Notary Public

IMPORTANT INFORMATION FOR THE AGENT:
When you accept the authority granted under this Power of Attorney, a special legal relationship is created between you and the principal.  This relationship imposes on you legal responsibilities that continue until you resign or the Power of Attorney is terminated or revoked. You must:
(1) act according to any instructions from the  principal, or, where there are no instructions, in the principal's best interest;
(2)  avoid conflicts  that  would  impair  your ability to act in the principal's best interest;
(3) keep the principal's  property  separate and distinct  from  any assets you own or control, unless otherwise permitted by law;
(4)  keep a  record or all  receipts,  payments,  and  transactions conducted for the principal; and
(5) disclose your identity as  an  agent  whenever  you  act  for  the principal  by  writing or printing the principal's name and signing your own name as "agent" in either  of  the  following  manner:  (Principal's Name)  by  (Your  Signature)  as Agent, or (your signature) as Agent for (Principal's Name).
    
You may not use the principal's assets to benefit yourself or give major gifts to yourself or anyone else unless the principal has specifically granted you that authority in this Power of Attorney or in a Statutory Major Gifts Rider attached to this Power of Attorney. If you have that authority, you must act according to any instructions of the principal or, where there are no such instructions, in the principal's best interest. You may resign by giving written notice to the principal and to any co-agent, successor agent, monitor if one has been named in this document, or the principal's guardian if one has been appointed. If there is anything about this document or your responsibilities that you do not understand, you should seek legal advice.
    
Liability of agent: The meaning of the authority given to you is defined in New York's General Obligations Law, Article 5, Title 15. If it is found that you have violated the law or acted outside the authority granted to you in the Power of Attorney, you may be liable under the law for your violation.
 




AGENT'S SIGNATURE AND ACKNOWLEDGMENT OF APPOINTMENT:
It is not required that the principal and the agent(s) sign at the same time, nor that multiple agents sign at the same time.
 
I/we,   ___________________________________________,  have read the foregoing Power of  Attorney.  I am/we are the person(s) identified therein as agent(s) for the principal named therein.
 
I/we acknowledge my/our legal responsibilities.
 
     Agent(s) sign(s) here:==>__________________________________________

 
STATE OF NEW YORK       )
    ) ss.:
COUNTY OF    _____________ )

On the ______ day of ________________ , in the year 20___ before me, the undersigned, a Notary Public in and for said state, personally appeared ___________________________________ , personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the person or the entity upon behalf of which the person acted, executed the instrument.

                        
   Notary Public

Customer Reviews

Average Rating: Full Rating Star Full Rating Star Full Rating Star Full Rating Star Full Rating Star

Reviews: 1


San Diego,

CA

Full Rating Star Full Rating Star Full Rating Star Full Rating Star Full Rating Star
Great help. It saved us the lawyer's fees.


Looking for something else?