How to write a land or real estate bill of sale.
Similar to how a bill of sale is used for vehicle transactions, a bill of sale can also be used for the transfer of land or real estate. Whether you’re a private seller, buyer, or real estate agent, it’s important that the document be thorough and complete. Below are three simple steps for writing a legally binding real estate bill of sale that transfers ownership of land or real estate property.
What is a bill of sale in real estate?
In real estate, a bill of sale is a document that is written proof that the property — land or house — has changed ownership from the seller to the buyer. This record contains details like who’s involved, property specifics, the sale price, and the date. It’s important for legal and financial purposes, such as title transfer and taxes, ensuring a clear, transparent property transfer. When you’re undertaking the task of creating a bill of sale for land or real estate, it’s crucial to know where to get a bill of sale form that allows you to finalize the sale with ease.
How to write a bill of sale for land or real estate.
Follow these three easy steps to create a professional land or real estate bill of sale.
- Set up a real estate bill of sale template.
- Fill in the bill of sale form.
- Get the real estate bill of sale form signed.
Step 1 — Set up a real estate bill of sale template.
With the right tools, setting up a bill of sale for real estate or land only takes a few minutes. Buyers and sellers can choose from countless real estate bill of sale templates that are prebuilt and ready to use.
However, if you want to draft your own, an intuitive document creation and e-signature software lets you easily personalize a bill of sale form yourself. Generally, all you’ll have to do is drag and drop fields to enter the pertinent transaction information.
Step 2 — Fill in the bill of sale form.
Protect the property’s buyer and seller by making sure you’ve collected every important detail and entered them into the bill of sale form. You should include:
- Land or real estate location
- Property description
- Sale date
- Sale price for the land or real estate
- Contact information for the buyer and seller
- Terms and conditions of the sale (for example, the buyer accepts property “as is”)
Step 3 — Get the real estate bill of sale form signed.
Once the sale terms have been agreed to and inserted into the form, simply ensure all involved parties provide their signatures and the sale is complete.
Is a bill of sale different for commercial real estate vs. personal?
While the basic function of a bill of sale remains consistent for both commercial and personal real estate transactions, there are differences. Commercial real estate bill of sale documents tend to be more complex, involving additional terms and conditions, financial matters, and the participation of business entities. Personal real estate transactions are typically simpler, involving individuals or families. These distinctions come up due to the varying levels of complexity, financial scale, and the parties involved in each type of transaction.
Streamline your bill of sale for real estate with Acrobat.
With Adobe Acrobat, you can create, share, and sign real estate documents digitally for fast and easy transactions. Plus, each signature is legally binding and fully encrypted for security and peace of mind. Explore what more you can do with Adobe Acrobat today.
