He finds out later he cannot put it in his name as the registration office requires the notarized bill of sale. Jones buys a car and receives only a bill of sale. Otherwise, the buyer might not be able to legally have that item put into their name even after money has changed hands. When buying an item that requires such paperwork, it’s important to check with registration offices about requirements. It is also required to finish out related paperwork, such as title and registration transfers. In some cases, requiring a notarization goes beyond the sale. It provides a legal means to ensure all parties get and give what they have agreed upon. The notary adds their seal – a sign that there was an official witness to the agreement. Once the information is verified, the document is notarized, and it becomes legally binding. All parties involved must show valid identification, ensuring that the item is being sold by the rightful owner. With a notarized bill of sale, these problems are eradicated. In such a case, the sale could be nullified if the rightful owner speaks up. Unfortunately, when a private sale takes place with no one to witness it, there is often little to no defense against fraudulent sales.Īdditionally, one party might attempt to sell an item that doesn’t legally belong to them. Protects against fraudulent salesĪs unpleasant as it may be, there are people who attempt to get over others. However, even if it’s not required, a notarized bill of sale is a smart move. It’s important to check your local laws for details prior to the sale of items. Some state laws may also require a notarized document for the sale of items, such as firearms, aircraft, and heavy machinery or equipment. While not always the case, some states require a notarized document for sale.įor example, the following states require a notarized bill of sale for vehicles: The following are some of the most important reasons you should have a notarized bill of sale: Required for some sales Even in the event that it’s not necessary, you should always consider notarization as it provides benefits and protection.Īnd as the fee to have a document notarized is relatively small, you tend to gain more than you lose. Not every document requires notarization, but there are some that do. Why Is a Notarized Bill of Sale Important?
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