When I bought my home three years ago, I ran into a small snag: the vendors were insistent on closing on a date when I was not going to be in the country, as I had booked a (very) long-planned visit to old friends overseas. Not wanting to lose the house over this detail, I prepared a Limited Power of Attorney for Property, which allowed my Attorney (aka my agent) to sign anything necessary for the purchase of the house while I was away. Fortunately, working for a law firm meant some perks, like having all of my closing documents ready several weeks before closing so that everything could be signed before I left. Still, having the POA in place meant that if anything changed, my Attorney could contact me, confirm what I wanted done, and sign on my behalf. Thankfully, nothing did change and everything was registered as it was set before I left, but it gave me some peace of mind while I was away.
While I wouldn’t recommend that you plan a vacation around your closing date, sometimes things get in the way. You might have an injury or illness, or suddenly need to be out of town. I have had a client who listed a property, got posted overseas, and then had the property sell to purchasers who wanted to close before he was scheduled to return to Canada. You do need to be sure that the POA is properly drafted and properly signed, since, if it is used, it will need to be registered on title. However, if you need to have the closing happen on schedule and you can’t be there for it, a POA is a useful tool that can help you ensure that the closing happens smoothly.