When we are listing a home for sale, it is our responsibility to make sure the person, or persons signing the listing agreement have authority to sell the property, and

Everyone who has the authority to sell the property signs the agreement.

Obviously, when someone passes away, or when couples get divorced it can be somewhat challenging to make sure you have everyone sign who needs to sign, and that everyone who signs, has the authority to sell the property.

There is another situation for homes that are “owned in a trust”, and technically they are not really owned by the trust, all homes are deeded to a trustee, or multiple trustees of the trust, or of multiple trusts.

Obviously, there can be a lot of personal or confidential information in a trust document, so we do not need to see the entire trust document, (and I don’t want to see the entire trust document😎), but we need to make sure that all necessary parties sign the listing agreement, and that all signers have the proper authority to sign the listing agreement.

The attorney or title company will probably need to see the entire trust agreement, but we only need a couple pieces of thew Trust Agreement.  Identification of Trustees to make sure we know everyone who must sign the listing agreement, the Powers that have been granted to the trusted……..specifically, the power to sell, buy, encumber, and lease the property.

Then we will also need the signature page of the trust agreement in order to list the property.

As soon as all necessary trustees have signed the listing agreement, and we have verified each signer has been given the power to sell the property, we are good to go, and it is then time to crank up our marketing machine, and get that home sold ASAP!

I hope you found this video to be helpful.  Obviously, if you are looking to sell your home in Southwest Florida (with or without a trust) you know we are super easy to get in touch with, we are happy to assist you, but that was not the purpose of this video.

We really enjoy creating these 2 cents videos for you, and please let me know if there are any topics you would like me to coverer in the future, and I happy to do it.

Thank you for watching, and we look forward to speaking with you soon.

HOMES FOR SALE IN NAPLES FLORIDA