Ca Estate Planning Forum
Description
How to fill out California Estate Planning Questionnaire And Worksheets?
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FAQ
A Virginia bill of sale form records a transaction between a buyer seeking to purchase property from a willing seller. It is a simple document that is legally binding and includes the sales price and a description of the property being sold, most commonly a motor vehicle.
Yes, an As-Is Bill of Sale is a legally binding contract when properly executed.
Proof of purchase price, such as a buyer's order, bill of sale or the seller's declared sale price on the title. Note: The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification signed by the seller or purchaser.
Virginia does not require a bill of sale to transfer ownership of a vehicle unless the purchase price cannot be listed on the original title. Purchase price documentation is an important step in documenting ownership transfer.
Legally, the Virginia DMV does not require private sellers to have a bill of sale, but most private sellers use one as a best practice. It wouldn't hurt to have such document notarized as well.