A type of legal document, a Bill of Sale sample is prepared by a seller while selling any asset to a buyer, for some specific sum of money. Upon getting the amount from the buyer, the seller / property owner transfers the property title to the purchaser / buyer. It is what a Bill of Sale is broadly about. Here are some of the important tips that buyers and sellers need to consider, while preparing a bill of sale. 

Buyers’ tips 

First of all, buyers need to verify whether or not a seller is absolutely genuine and happens to be the actual owner of the specified asset or product. The list can be obtained for verification from the department concerned. Else, an attorney can be hired and he can assist with verifying the seller’s ownership. It is a very important step that precedes the Bill of Sale free document.

If you are not really sure about whether or not a product is genuine, it is better for you to avoid going ahead with the sale, even if the seller offers the product at a low price. 

Seller’s tips

In case you happen to be the seller, you have the total and rightful ownership of the specified asset or product. You may, to start with, quote a rate higher than the margin price to the buyer. You may even ask about the goods’ price from different sources. For example, in case you are putting your 10 year old car model on sale, you can obtain a quote of a specific car brand from online resources. You may even enquire about the true price from some old junction for car sales. 

Once you get a few quotations from different sources, you can have an idea about how much you would like to sell your car for and set a realistic price tag. You have to thoroughly verify the buyer, and whether he / she can pay the lump sum price. You have to store the original document stored safely somewhere, and show it to the buyer before you write the Bill of Sale Arizona.