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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.
If you do not qualify for a ?gift? tax exemption, please provide a proof of purchase price, such as a buyer's order, bill of sale or the seller's declared sale price. 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.
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.
While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyer's legal ownership. It's the final step in the process and proves that the buyer is the legal owner.
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.
The bill of sale is a legal document that transfers ownership of the business from the seller to the buyer. It lists the assets being sold, their value, and any conditions of the sale.
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.