Bill Of Sale Template Add Circle For Free

A Bill of Sale is a legal document, and it does not HAVE to be notarized to make it legal. Notarizing it just has a bonded third party verifying that the signature is by the person who actually signed it.

In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.

When writing a bill of sale, be sure to include: The seller's name and address. The buyer's name and address. A description of the item being sold, including serial numbers, identification numbers, make, model, size, color, design, any distinguishing marks, features or faults source: Cooper.

Step 2 Produce The Date Of Reference For This Sale. Step 3 Identify The As-Is Seller. Step 4 Name The Purchaser Behind This Sale. Step 5 Record The As-Is Transaction Amount. Step 6 Discuss The Purchase Details. Step 7 Verify The Sale Under No Warranty Conditions.

A bill of sale should, at a minimum, include information identifying the parties to the transaction (the buyer and seller), the total purchase price, and a specific description of the item that was sold.Sales of motor vehicles should also include the odometer reading at the time of the transfer between parties.

"For and in consideration of the sum of vehicle sale price U.S. dollars, paid by form of payment, the receipt and sufficiency of which is hereby acknowledged, seller's name, presently of seller's full current address, does hereby sell, assign and transfer to buyer's name, presently of buyer's full current

It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten. A bill of sale can be handwritten as long as it includes the information listed above.