A Real Estate Bill of Sale is a crucial document in U.S. property transactions that formalizes the transfer of real estate ownership. It is commonly used when completing a property sale transaction to provide written evidence of the transfer and protect both parties' interests. The document typically includes detailed property descriptions, purchase price, date of sale, and party information. It must comply with federal regulations such as the Fair Housing Act and state-specific property laws. While similar to a deed, the Real Estate Bill of Sale focuses specifically on documenting the transaction details and serves as a receipt of the property transfer.
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1. Parties: Identifies and provides full details of the seller and buyer including names, addresses, and any relevant registration numbers
2. Property Description: Detailed legal description of the real estate being sold, including address, lot number, boundary description, and parcel identification number
3. Purchase Price and Payment: States the agreed purchase price, payment terms, and method of payment
4. Transfer of Title: Explicit statement transferring ownership and title from seller to buyer
5. Representations and Warranties: Seller's statements regarding property condition, ownership, and authority to sell
6. Execution: Signature blocks for all parties, witnesses, and notary
1. Personal Property Inclusion: Lists any fixtures, appliances, or personal property included in the sale
2. Contingencies: Specific conditions that must be met before the sale is final, such as inspections or financing
3. Property Condition Disclosure: Detailed disclosure of known property conditions, defects, or issues
4. Tax Proration: Details how property taxes will be handled and prorated between buyer and seller
1. Schedule A - Property Survey: Detailed survey showing property boundaries, easements, and improvements
2. Schedule B - Title Report: Current title report showing ownership and any encumbrances
3. Schedule C - Property Inspection Report: Professional inspection report detailing property condition
4. Schedule D - Disclosure Statements: Required state and local property condition disclosure forms
5. Schedule E - Included Personal Property: Itemized list of personal property included in the sale
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