The Simple Real Estate Bill of Sale is a fundamental document used in U.S. property transactions to memorialize the transfer of real estate ownership. This document is particularly useful for straightforward property sales where detailed purchase agreements aren't necessary. It includes critical information such as property description, sale price, and party details. While requirements vary by state, the Simple Real Estate Bill of Sale typically needs to be notarized and recorded with local authorities to be legally effective.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Property Description: Detailed legal description of the real estate being transferred, including address, boundaries, and parcel numbers
3. Purchase Price: Statement of consideration and payment terms for the property transfer
4. Transfer of Title: Clear statement of property transfer from seller to buyer, including any warranties of title
5. Signatures: Dated signatures of all parties with notarization requirements
1. Warranties: Seller's warranties regarding property title and condition (included when requested by buyer for additional assurance)
2. Property Condition: Description of current condition and any known defects (used when selling property 'as-is' or when specific disclosures are needed)
3. Closing Costs: Allocation of closing costs between parties (included when not covered in a separate agreement)
4. Tax Prorations: Details of how property taxes will be prorated between buyer and seller (used when closing date falls mid-tax period)
1. Property Survey: Recent survey showing property boundaries, improvements, and any encroachments
2. Property Photos: Current photographs of the property documenting its condition at time of sale
3. Title Documents: Copies of relevant title documentation showing chain of ownership
4. Disclosure Forms: State-required property disclosure forms detailing known issues or defects
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Management
Banking
Relevant Teams
Legal
Real Estate
Operations
Finance
Relevant Roles
Real Estate Agent
Property Manager
Real Estate Attorney
Title Officer
Real Estate Broker
Escrow Officer
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