Property Bill of Sale – What are the Guidelines?

A property bill of sale is a type of bill of sale that has been designed especially for the purpose of selling personal property or real estate. This is what is issued by property sellers or real estate agencies to buyers with respect to any building or land that is being bought. Although there are many reasons why a piece of real estate is purchased by someone, a bill of sale ensures that the property being transferred can be legally used by the buyer in any way that he / she want. Know about the guidelines to follow while writing and issuing a real estate bill of sale. Please visit this website for more info about vehicle bill of sale.

Names

As is the case with other types of bill of sale forms, make sure that the name of the seller as well as the buyer is written properly in the bill of sale form. There should not be any errors in spelling, which might lead to problems in identification later.

Proper description

When you give descriptions of the said property, ensure that a full legal description is provided in the general bill of sale form. Offer information that can readily help identify the property, such as its location and its area dimensions.

Appliances

In case appliances or some other materials have to be included upon the property purchase, be thorough while listing down the types of appliances that would be received by the buyer when he makes the purchase.

Statement

Give a statement that mentions the amount of money the buyer has to commit to pay at the end of the duration that you – the seller – and the buyer have agreed on.

Signatures

The form must contain the signatures of you as well as the buyer, which would ensure that the document has official significance. The signatures would help recognize the two of you.

Read another blog about standard bill of sale form here at - https://standardbillofsaleform.blogspot.com