Understanding the T-47 Residential Real Property Affidavit

KEY TAKEAWAYS 

• T-47 is required for most property sales, transfers, and refinances in Texas. 
• This affidavit provides legal protection for sellers by documenting changes to the property since the last survey. 
• NotaryLive offers smooth and secure remote online notarization for your T-47 Affidavit. 

When dealing with real estate transactions, proper documentation is crucial. 

One important document is the T-47 Residential Real Property Affidavit. This affidavit is essential in real estate, especially property transfers. 

It provides a sworn statement about the property’s boundaries and any improvements made since the last survey. 

1. What is a T-47 Residential Property Affidavit? 

A T-47 Residential Property Affidavit is a legal document used mainly in Texas real estate transactions. 

It is usually needed during: 

• The sale
• The transfer
• OR refinancing of residential property

It is a sworn statement by the seller. 

The seller attests that there have been no changes to the property’s boundaries or structures since the last survey was conducted. 

In what situations is a T-47 Affidavit used? 

1. Property Sales: Buyers require a T-47, before closing a sale. This ensures there are no undisclosed changes or improvements to the property. 

2. Property Transfers: When transferring ownership, this affidavit provides clarity about the property’s current state. This helps avoid potential disputes about the property boundaries. 

3. Refinancing: Lenders may require a T-47 Affidavit to confirm the property’s condition and ensure no unapproved structures or modifications could affect the loan terms. 

4. Title Insurance: Title companies use this affidavit to confirm that the property described in the title policy is accurate and unchanged, thus avoiding future claims against the title. 

What are the key elements of the T-47 Affidavit? 

The key elements of a T-47 Affidavit are the following: 

• Property Description
  • Information on the property as well as legal descriptions.
• Survey Reference
  • Reference to the most recent survey on the property.
• Seller’s Sworn Statement
  • Declarations by the seller that no changes have been made to the property since the last survey.
• Notarization
  • The affidavit must be notarized to be valid.

2. Importance of a T-47 Affidavit in Real Estate Transactions

The T-47 Affidavit is crucial for several reasons: 

Clarity and Transparency 

• It provides a clear record of the property’s condition, preventing legal disputes over property boundaries and improvements.

Buyer’s Assurance 

• It reassures buyers that they are informed about the property to be purchased.

Legal Protection 

• It protects sellers from any claims by buyers about undisclosed property changes.

3. How to Notarize a T-47 Affidavit 

The T-47 Affidavit is a straightforward document. 

However, its accuracy and proper execution are important. 

This is where NotaryLive can help. 

With NotaryLive, you can get your T-47 Affidavit notarized conveniently and securely without leaving your home. 

How can NotaryLive help? 

NotaryLive allows you to notarize your affidavit online, saving you the time and hassle of finding a physical notary. 

Remote Online Notarization (RON) through NotaryLive is secure thanks to our advanced verification technology – you can rest assured that your documents will be handled safely. 

How does NotaryLive work? 

All it takes is 4 simple steps: 

To get started, you can click the button below.

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FREQUENTLY ASKED QUESTIONS ON T-47 Affidavit 

1. Is the T-47 Affidavit required for all property sales in Texas?
   • Yes. The T-47 affidavit is required for most property sales in Texas.
2. Who needs the T-47 Affidavit?
   • The buyer is the one that typically needs the T-47 affidavit.
3. Can I get the T-47 Affidavit notarized online?
   • Yes. You can notarize the affidavit online securely through NotaryLive.com. Learn more about the legality of RON in your state. 

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