When selling personal property or a specific item, you'll need a Bill of Sale, since the new owner will have to register the item after the sale. It is not possible to complete the transaction without it. You will need a Bill of Sale when you sell a property as proof that you own it or that you have stopped being responsible for it.
On this page, you will find various formats and download options to complete the general bill of sale. You can choose from PDF or Word.
First step. In the first section of the paperwork, you should mention the date when the document was drafted. Verify that the date is entered correctly. You should then include the full names of the seller and buyer. The addresses of the seller and buyer should also be included. It is essential to include both parties' postal addresses.
Second step. This is where you can write down all the details and information about your property. These details include serial numbers, dates of manufacture, colors, and brands. If you wish to avoid being misled, make sure you pay attention to the product details.
Third step. In this section, you will find all the financial information that is needed for the purchase. Please include both words and figures when providing dollar amounts. Indicate the preferred mode of payment here if applicable. Installment payment can be made in advance, or a lump sum payment can be made later. Items can also be exchanged. Pick the box that fits your needs.
Fourth step. Generally, personal property is sold without a buyer's guarantee, using general bills of sale. The bill typically states that the property is being sold "as is". Each party (buyer and seller) must understand this section completely in order to reach a successful future agreement.
Fifth step. The final step in any sale is the signing of the bill of sale by both buyer and seller. Notarization is required before the sale becomes legally enforceable. Maintain a copy of every document you handle for your records, future reference, tax purposes, etc.