Virginia Bill of Sale Questionnaire

State:
Multi-State
Control #:
US-Q1003
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a sales transaction. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


How to fill out Bill Of Sale Questionnaire?

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FAQ

Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller. A full description of the vehicle.

Many sellers and buyers notarize the Bill of Sale. If the vehicle is 5 years old or less and the sales price is more than $1,500 below the Blue Book trade-in value, you'll need to fill out an Affidavit of Vehicle Purchase Price, form SUT 1A. This form must be notarized.

The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification (Bill of Sale) (SUT 1) signed by the seller or purchaser. Vehicles that have been owned for 12 months or more do not need proof of the purchase price.

Unlike many other states, Virginia does not require a bill of sale to sell your car. That being said, a bill of sale is a legal record that proves the transaction was carried out. Therefore, it's suggested that a bill of sale is created for the benefit of both the buyer and the seller.

The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification (Bill of Sale) (SUT 1) signed by the seller or purchaser. Vehicles that have been owned for 12 months or more do not need proof of the purchase price.

How Do I Write a Virginia Bill of Sale?The parties' legal names (printed)The date of the bill of sale.Certain descriptive information about the item being sold.The amount the item is being sold for.The signatures of both parties.

More info

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Virginia Bill of Sale Questionnaire