Any sale of property should be legally documented through a written bill of sale. Whether you are buying or selling property, make sure that the bill of sale is legally valid to protect your interests. A legally valid bill of sale contains essentials terms and is signed by both parties.
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Hammer out the essential terms. Essential terms are the purchase price, the name and address of the seller, the name and address of the buyer and a description of the property.
Download and print a property bill of sale template from an online legal document resource taking care to use a bill of sale that is specifically formatted for your state. Alternatively, use the following template:
I_(seller), in consideration of**dollars, do hereby sell, transfer and convey the following property (property description) to _** (buyer).
I, the undersigned seller, agree to sell the above property to the buyer for the above amount "as is." Upon completion of the sale I will transfer possession of the the property to the buyer within (number) days.
I, the undersigned buyer, accept the property "as is." I acknowledge receipt of the property at the time I take physically possession of it from the seller.
Dated this___day of , 2010.
Sellers Name:___ Buyers Name: Sellers Address: Buyers Address: Sellers Signature: Buyers Signature:
Witness Address: ** Witness Signature:**
Sign and date the bill of sale to complete the transaction.