Create a legally binding Delaware Bill of Sale with our attorney-drafted template!
A Delaware bill of sale is a legal document that shows the exchange of ownership of a piece of personal property. The parties involved in the sale are referred to as the buyer and the seller. A bill of sale is helpful for both the buyer and the seller. It is often used as proof of ownership during the vehicle registration process. As a personal record, it’s also used to document the exchange of ownership. It could even be used in court, if necessary.
The most commonly used bills of sale in Delaware are a general bill of sale, a motor vehicle bill of sale, a bill of sale for a boat, and a bill of sale for a gun. Each type of bill of sale is used to document the selling or transferring of a specific type of personal property.
How you will write a Delaware bill of sale will depend largely on the type of bill of sale you need. However, all Delaware bills of sale will need specific information about the buyer and the seller. That information includes their legal names, physical addresses (including city and state), and driver’s license numbers. If either party doesn’t have a valid driver’s license, you can also use the identification number listed on a state ID card. Next, we’ll discuss the specific elements found in the most commonly used Delaware bills of sale.
In Delaware, a general bill of sale should include information about the buyer and the seller as listed above. It should also include a description of the personal property being sold or traded. If the item has a serial or registration number, it should be included in the bill of sale. You should also include a physical description of the item. For example, if you were selling your old iPhone because you just purchased a new one, you would designate the type of iPhone you’re selling, the color, the size (for example, 16 gig), and any other descriptive factors.
You would list whether you are receiving money for the item or if you’re taking a trade. If the buyer will pay for the item, you should list the amount of the payment first in words and then as a number. For example, one-hundred and twenty-five dollars and no cents ($125.00). If the payment isn’t being made on the day that the bill of sale is written, it should include the date that the buyer and seller agreed on for payment. The document should include any other terms of the sale. If the item is being given as a gift, that should be indicated in the bill of sale. If there is an item being traded, a description of that item should be included.
A general bill of sale also needs a seller’s disclosure that informs the buyer if the item has any defects. Finally, both the buyer and the seller should print their names and sign it at the bottom. The signatures should also be dated.
A Delaware bill of sale for motor vehicles must have the same information for the buyer and seller as other types of bills of sale. It must also include certain information about the vehicle being sold. That information includes the make, model, year, VIN, color, and odometer reading. The bill of sale should specify whether the title will be included as part of the sale. If the odometer reading is past 100,000 and the odometer has rolled over, you do not need to include an odometer reading.
Next, the bill of sale should include the purchase or trade price for the vehicle. If the seller is accepting cash and not a trade, the sales price should first be listed in words and then as a number. For example, one-thousand five hundred dollars and no cents ($1,500). If there is a trade, the item involved in the trade should be detailed. If there are other terms involved in the sale, they should be explained. If the vehicle is a gift, that should be documented as well.
The bill of sale should explain when the payment will be made on the vehicle. The bill of sale should also include both a buyer’s and seller’s disclosure. Finally, the document should be signed and dated by both the buyer and the seller. Your bill of sale doesn’t have to be notarized, but you may need other notarized documents, such as a lien release and the title.
In addition to specific information about the buyer and seller, a Delaware bill of sale must include specific about the boat. That information includes the make, length, year, Hull ID, registration number, odometer reading listed in hours, and a title number. The bill of sale should indicate whether the transaction will include a trailer or an outboard motor. If so, the make and year of the trailer should be included. For outboard motor inclusions, you should list the number of motors included in the sale, the make, the year, and the horse power. A bill of sale for boats must be notarized.
A Delaware bill of sale for a gun must include the same information on the buyer and seller as in other types of bills of sale. It must include the make, model, caliber, and serial number of the gun. Next, the bill of sale should explain whether the transaction is a purchase or if it involves a trade. If it is a purchase, it should list the price in words and then in numbers. For example, three-hundred seventy-five dollars and no cents ($375.00). If it involves a trade, the item the seller will receive should be described. If the gun is a gift, that should be indicated. The bill of sale should list any additional conditions of the sale.
The bill of sale should be dated. It should also list the date that the parties agree that the payment will be made. It should also include both a buyer’s and seller’s disclosure. While it isn’t a legal necessity to have the bill of sale notarized, it’s a good idea to sign it in front of a notary.
No. A bill of sale isn’t required to register a vehicle in Delaware. However, you will need a bill of sale to get the car inspected in order to obtain a title if the vehicle was purchased from a dealer. The inspection document is required to register the vehicle. You’ll also need proof of insurance, the title, your driver’s license, and your registration fees.
It’s important to note that Delaware law requires anyone who buys a car there to apply for a certificate of title immediately after purchasing the vehicle. However, you have up to 30 days after you buy the car to do so.
Yes, you need a notarized bill of sale to register a boat in Delaware. You’ll also need to complete a Boat Registration Application, and the MCO for new boats. You should be prepared to pay your registration fees as well.
No. The State of Delaware doesn’t have a gun registry. The bill of sale is strictly for personal record keeping, but is still highly beneficial.