Bill Of Sale Insert Option Choice

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What does a bill of sale have to include?

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.

Is a handwritten bill of sale Legal?

Lastly, the bill of sale must be signed by both the buyer and the seller and, in order to make it official, it is a great idea to have these signatures notarized. ... If a problem should arise, your bill of sale can prove an important document in a court of law and it is imperative that if you make one, you make it legal.

Can a bill of sale be written on a piece of paper?

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].

Is a bill of sale a legal document?

A bill of sale has been defined as a legal document made by the seller to a purchaser, reporting that on a specific date at a specific locality and for a particular sum of money or other value received, the seller sold to the purchaser a specific item of personal property, or parcel of real property of which he had ...

Can you sign a bill of sale for someone else?

Both parties can sign a bill of sale but, in many instances, only the seller needs to sign it. Things can get complicated when a bill of sale is provided as security for a loan.

How do I make a legal bill of sale?

To write a bill of sale, start by writing Bill of Sale at the top of the page. On the next line, state that you are the owner of the item and give your name and address. Then, include the make, model, and registration number, along with any other pertinent information about the item.

Does a bill of sale have to be notarized?

A vehicle bill of sale is not required in all states. For example, Illinois and Tennessee don't require an auto bill of sale. ... Keep in mind, however, that a bill of sale does not prove ownershiponly a title transfer does that. A bill of sale is only a record that a sales transaction occurred between two parties.

Does a Texas bill of sale have to be notarized?

The Texas Vehicle Bill of Sale is a legal document to prove the legal sale and purchase of a motor vehicle in the state of Texas. This document may or may not require notarization depending upon the decision of the buyer and seller and/or requirement of the state.

How do you get a bill of sale notarized?

What You Will Need. A computer with an Internet connection. ... Step 1 - Find a Bill of Sale Form or Template. Look online to find bill of sale forms or templates that you can use when selling your vehicle. ... Step 2 - Find a Notary Public. ... Step 3 - Visit the Notary Public. ... Step 4 - Sign the Bill of Sale. ... Step 5 - Pay Notary Fee.

Does a bill of sale have to be notarized in Oklahoma?

An Oklahoma general bill of sale does not need to be notarized. When it is completed, both the buyer and the seller should keep extra copies for their records.