Free Bill of Sale Form
Our free bill of sale form is a formal sales receipt that is typically used when the owner of some type of property or goods sells it to a willing buyer. In addition, a bill of sale form will contain legal terms that a standard sales receipt would not.
All Free Bill of Sale Forms can be downloaded immediately.
Sometimes, as with a car or business, it may be mandatory to use a bill of sale form with your transaction. It is always a good idea to check with the requirements in your city and state to make sure you are in compliance with the laws if any exist about the sale of goods or property.
A properly drafted free bill of sale form may be used to sell various goods and property. The following are some examples:
• Cars and motorcycles
• Motor homes and trucks
• Equipment and tools
• Firearms and other weapons
• Desktop and laptop computers
• Sporting equipment
• Musical instruments
• Household appliances
• Horses, animals and pets
• And much more
Most of our free bill of sale forms will contain at least some similar information no matter what is being sold. This would include the name of seller and buyer, the property or items being sold, condition, selling price, warranties, and the seller has the legal right to sell whatever is being sold.
The assumption by most people is the free bill of sale form proves the seller is the owner of the property and has the legal right to sell it. However, it is not uncommon for some dishonest individuals to try to sell property, goods, and items that are being leased or that are owned by someone else.
If you are buying an item or goods of considerable value using a free bill of sale form, professionals suggest you try to verify if the seller is the actual owner. It is possible the person selling is not the owner but has the legal authority to sell by a power of attorney form (POA) executed by the actual owner.
Still, it makes good sense to confirm with the actual owner that he or she executed a (POA) to authorize the sale and to issue a bill of sale form. Finally, it is usually possible to check and see if there are any liens against the property or items being sold. You can check with your local or state offices for further information.
Receiving a free bill of sale form for merchandise you are buying at an auction may present a problem that other situations do not. At most auctions you may have time to view the goods but do not have time to find out if they are the owners of the goods or have the legal right to sell it. In general, you can probably feel pretty safe when issued a free bill of sale form at most public auctions. Since most are advertised in advance, it will still give you time to check the background and reputation of the company running it.
Requesting the seller’s original bill of sale form
Another way of insuring the seller is the actual owner is to ask if they have the original bill of sale from when they bought what they are selling. If they purchased the property or goods it is likely they will have one. At the end of the day, you as a buyer do have some recourse should the seller give you a fraudulent bill of sale form. It might be possible to sue the seller in court should they sell you property or goods they do not legally own or have the right to sell.
Some city and state laws may require your free bill of sale form to be notarized to become a legal and binding document. Also, there are few states that will require you to have it witnessed as well. If the purchase is substantial, you may want to discuss it with an attorney before proceeding.
The internal revenue service has their own requirements for audits where you will need to provide a legal bill of sale. This would include but not limited to the purchase of property, vehicles, and the donation of property or goods where the dollar amount is substantial. Just one more reason why you should use an attorney drafted bill of sale form for larger transactions or donations.
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The above information is information only and should not be considered legal advice. As with all legal documents, if you have questions about your free bill of sale form and how it may apply to you and your situation, you should consult with an attorney in your state.