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What is a Bill of Sale?
A bill of sale is a legal document that records the transfer of ownership of goods or property from a seller to a buyer. It includes details about the item, parties, and sale price.
When do you need one?
You need a bill of sale when selling or buying a vehicle, boat, or other valuable personal property. It protects both parties and may be required for title transfer or registration.
Does it need to be notarized?
Notarization is recommended for bills of sale, especially for vehicles and high-value items. Some states and DMVs require notarization for title transfer.
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Frequently asked questions
- Does a bill of sale need to be notarized?
- Not always required, but notarization is recommended for vehicles and high-value items. Some states require it for DMV title transfer.
- What should a bill of sale include?
- Seller and buyer names and addresses, item description, sale price, date, and signatures. For vehicles, include VIN and odometer reading.