Real Estate Bill of Sale Form Template [Printable Word Editable]

A Real Estate Bill of Sale is a court document that details the assignment of the ownership of a real property to a buyer and a seller. Since a deed is a document that formally transfers the property by registering it with the government, a Real Estate Bill of Sale is merely a supporting document that documents the terms of the sale, purchase price, and the transaction details. It gives evidence that a change of ownership has taken place, as well as protects both parties by creating a written contract regarding the terms of sale.

This is a document that is normally applied in property purchase and sales of houses, land, office blocks, or any other piece of real estate. It assists in avoiding conflicts on the issue of property boundaries, fixtures that are part of the sale, and financial conditions. On the part of the seller, it ensures that the seller is no longer liable after the property has been transferred. To the buyer, it provides a proper account of ownership, which can be of advantage during registration, financing, taxation, or resale.

Related Products:

• Furniture Bill of Sale
• Notarized Bill of Sale
• Equipment Bill of Sale
• Property Bill of Sale

Printable Real Estate Bill of Sale Form Template [Word Editable]

A duly signed Real Estate Bill of Sale gives detailed data concerning the property that is being sold and purchased. It takes the legal description of the property (lot number, parcel identification, and address), structures or improvements to the property, and fixtures contained in the transfer. It also records the price at which the purchase was made, payment mode, date of closing, and the warranties or as-is terms.

Writing about all this information, the Real Estate Bill of Sale provides transparency, guarantees the reliability of both parties, and minimizes the risk of conflicts and misunderstandings. Although it is not an alternative to a deed, it supplements the formal transfer procedure as it is a contractual documentation of the sale.

Key Points of a Real Estate Bill of Sale:

• Buyer and Seller Information– Complete legal names, addresses, contact details, and signatures of both sides.
• Transaction Date– This is the actual date on which the property was transferred.
• Description of the property being sold- detailed information about the real estate being sold, such as:
• Legal description (lot number, parcel ID, subdivision details)
• Street address
• Land size and boundaries
• Improvements (house, garage, barn, etc.)
• Appliances, fixtures, or extras sold.
• Condition Statement -Indicates either that the property is sold as is or is warranted (structure or clear title).
• Purchase Price and Method of Payment– This gives the price at which the sale will occur (cash/check/bank transfer/mortgage financing/installments).
• Closing & Possession Terms– States when the closing is to take place, the transfer of keys, and when possession should be taken by the buyer.
• Liability & Title Clause -This provides that the seller transfers ownership and title and guarantees that there are no liens on the title except as disclosed.
• Taxes and Fees Responsibility– Stipulates the payer of property taxes, the recording fees, the transfer tax, and/or legal fees.
• Signatures & Notarization: The signature of both parties is required; notarization is highly suggested as a legal requirement.