Bill of sale for real estate | Free template
Bill of sale for real estate is a free template to establish a written receipt that the payment has been made to the seller by the buyer on the transfer of real estate.
Real Estate Transfers must be made by means of a written agreement. Oral agreements are not valid when buying or selling a real estate. The written document used for real estate transfers is known as contract of sale and bill of sale, where the contract of sale is absolutely mandatory. The contract of sale and the bill of sale shall be submitted to the local registration authority who records the change in ownership of the property.
A Bill of Sale is a proof that the buyer has paid the purchase price specified in the contract of sale to the seller. The purchase price is payable in cash, with check or by taking over loans from the seller.
If the contract of sale refers to a bill of sale then the real estate transfer will never be valid before a bill of sale has been prepared and signed by both the seller and the buyer.
Using this template, you can establish a professional bill of sale relating to the transfer of real estate without the need to take help of a real estate agent. A contract of sale shall be signed by the sellers and the buyers.
01-01-2015 | Created by All-templates.biz
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