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What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
What does title in hand mean?
Having a title in hand means that the seller physically possesses the legal document that shows ownership of a vehicle or property. It indicates that the seller is legally able to transfer ownership to a buyer.
What is a transferor?
When dealing in conveyancing / property - the transferor is the seller. When dealing in conveyancing / property - the transferor is the seller.
Purchase Agreement?
Get StartedA Purchase Agreement is a document under which a seller transfers personal property to a buyer. This document CANNOT be used to transfer real estate and may be inadequate to transfer a vehicle, as well as most types of intangible personal property. If the property that will be transferred has been pledged as security for a loan, it may be necessary to obtain a release from the party to whom the loan is owed. In such cases, it is advisable to consult with a lawyer.The Purchase Agreement should be signed by both the Buyer and the Seller, and becomes effective as of the date provided in the text of the document.
What is the definition of an as is residential real estate purchase in North Carolina?
You accept the property in the condition it is in at the time of the purchase. The seller makes no warranties and you can't make any claims against the seller to make repairs.
How would one describe a land contract?
A land contract is a contract between seller and buyer of property. A contract is only made when an agreement between seller and buyer has been reached. The seller becomes the land owner only when the full payment has been made.
What does it mean when property information includes this phrase Seller is related to the licensee?
The seller is related to the agent listing the property for sale or lease.
What is the purpose and function of a warranty deed?
A warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. Its purpose is to guarantee that the seller has the legal right to sell the property and that there are no outstanding claims or liens against it. The warranty deed also provides a promise that the seller will defend the buyer against any future claims to the property.
What is the seller when he sells his home an offeror or offeree?
The seller is the offeree. In all real estate cases, the seller will list or "put up for sale" their home or property. A buyer will then submit an offer to purchase that property making them, the offeror.
How would you word a receipt for selling a used property?
"Receipt for the sale of a used property: This document acknowledges the transfer of ownership of the property located at [address] from the seller [name] to the buyer [name], for the agreed-upon purchase price of [amount]. Both parties confirm the completion of the sale transaction and receipt of payment."
how can i use both words cellar and seller?
Cellar-the servants led us down into a cellar seller- The seller said that the car was in excellent condition.
What is the definition of official receipt?
official receipt is a document issued by the seller who has the ability..
