The buyer may rely on the seller’s affidavit unless the buyer knows or should know, based on the buyer’s knowledge at the time of closing, that statements made on the affidavit are false. The buyer has no duty to investigate the statements made on a seller’s affidavit.
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Interesting Questions
While it's possible to do it on your own, having a lawyer can be helpful to ensure everything is right. They can guide you and help steer clear of any legal bumps in the road.
It can be! Skipping the affidavit could delay your sale or lead to issues down the line. Better to have it in place to keep everything running smoothly.
While it's not always mandatory, selling without the affidavit could raise eyebrows, and you might face questions from potential buyers about the sale's legitimacy.
You typically submit the affidavit to the local county clerk's office or the property records department in Plano. They're the folks who keep track of all things property-related.
You might need it if you purchased a property and want to sell it again shortly after. It shows that you're being honest about the transaction and helps clear up any confusion for future buyers.
A Buyer Subsequent Sale Affidavit is a document that helps verify the details of a property sale if you're planning to sell a home you recently bought in Plano. It ensures everything's above board and gives buyers peace of mind.